Wherever you happen to be in the US, there has never been a better time to launch a business; we have the digital technology in place to enable a person to run a small business from their laptop. Of course, you do need a great concept and a solid business plan to set up a business, and with that in mind, here is our start-up checklist for 2022.
- Business Plan – This should be the first thing you do and a good business plan would be at least 25 pages in length and would cover every aspect of the business. From start-up costs to digital marketing and everything in between would be found in your business plan, which should be your guide to long-term success. When you think your plan is perfect, hand it to a business coach and ask for their professional opinion.
- Risk Assessment – There are certain things you will need; BOP, a business owner’s policy covers you for both general liability and property insurance, plus you should ensure all stock and inventory, while commercial vehicles should have comprehensive cover. As a business owner, it is your responsibility to minimize risks to the organization, and taking out the right insurance policies makes total sense.
- Digital Marketing – Don’t make the mistake of thinking you can do without digital marketing; we are living in a digital world and without some professional help, your chances of success are minimal a best. Talk to a leading US digital marketing agency and they can help you create a dynamic digital marketing plan that delivers the desired results. Let the experts manage your social media accounts and you can focus on other aspects of the business. Here is some informative information about how to make the best use of Google’s search engine.
- Essential Funding – The number one cause of business failure is lack of funds and when crunching the numbers to calculate your start-up costs, add at least 25% to cover unexpected costs. All it takes is a few unpaid invoices to put you in the red and without some emergency money, that could be enough to put you out of business.
- Business Registration – Every single business should be registered with the government and if you talk to a business attorney, they can help you to select the right type of business and process your application. This is something to do at the very outset and keep your official business registration documentation in a safe place.
- Accounting & Bookkeeping – Don’t leave this to a later time, as things quickly build up; if you have a bookkeeping system in place when you start trading, you shouldn’t have any issues. Allow your accountant access to your spreadsheets and then they can prepare your books in good time.
Once your business plan is complete and you have access to adequate funds, it is time to set the ball rolling and take the first active steps towards creating a business empire that will provide you with financial security.