10 Step Process For Starting Up A New Business

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If you are thinking of starting up a new business, here are ten crucial steps that should be taken in this order to assure a successful launch,

1. Determine your Target Market and its size
2. Run the numbers to test financial viability
3. Get a name and register the domain name
4. Register the business entity with the State
5. Write a business plan and cover all business issues
6. Select a site for the business & negotiate a lease
7. Calculate start-up capital needed and go get a loan
9. Calculate revenue needed to be profitable
9. Shore up your skills with a board of advisers
10,Put a launch plan together and go for it

Republished with author's permission from original post.

Jim Smith
YCHANGE International
Jim Smith mentors entrepreneurial start-ups and counsels small to mid sized companies that are looking to expand or are under performing or under capitalized.

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