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 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 research for hours figuring out what to do.
There are at least 24 things that you should do when starting a new business. I will walk you through each one of them step-by-step. And don’t get intimidated by the length of this list–many of these steps can be done concurrently and some can be outsourced to places like LegalZoom.
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 planCome up with a nameBuy your domain nameSecure social media accountsDevelop a brand identitySet up a Google Workspace accountCreate a basic, foundational websiteGet some business cardsFind an accountant and an attorneySet up an LLCGet an EINCreate an operating agreementFile necessary paperwork with your stateOpen a business bank accountSet up a payroll service for employees and contractorsSet up QuickBooksPut a basic acc… Read More