Originally written by Timothy Adler on Small Business
So, you have made the decision to start your own business, great! Let’s work on turning your idea into a reality. There is a lot to starting your business properly, this is why we have put together this 18-item checklist you’ll need to do before you start your company all the way through to your regular routine once you have formed your limited company
Checklist for before you start your company
#1 – Research
You should research the viability of your business idea, as well as who your target market is. You will also need to research who your competitors are and how your business idea differentiates from them. Once you have done this you should test your product to make sure your product is right for your target market and there is a need for your product or service.
You can find some testing methods in our previous article Escaping the nine to five: can I turn my passion into my business?
#2 – Think of a name
Your business name can come to you instantly or it may take longer to come up with. Either way you need to carefully consider what your business name will be