Starting a business is one of the best things you can do to build wealth.
It can be daunting. But with the right systems, it can be made easy.
The good news is that all of the things that need to get done in order to start your business have been done a million times before. Even if you’re starting from scratch, you don’t need to reinvent the wheel or waste brainpower on figuring out what to do.
There are at least 24 things that you should do when starting a new business and I will walk you through each one of them step-by-step.
I’m going to assume you already have a business idea, and I’m not going to show you how to build or grow your business in this article. These are the practical steps necessary to begin operations.
How to Start a Business in 24 Steps
Below are the 24 steps to starting a business:
Put together a very high level and basic business plan
Come up with a name
Buy your domain name
Secure social media accounts
Develop a brand identity
Set up a G Suite account
Create a basic, foundational website
Get some business cards
Find an accountant and an attorney
Set up an LLC
Get an EIN
Create an operating agreement
File necessary paperwork with your state
Open a business bank account
Set up a payroll service for employees and contractors
Set up QuickBooks
Put a basic accounting system in place
Start using a project management solution from day one
Build an internal wiki system from day one
Set up a Slack a… Read More