What kinds of questions does a "starting a business" checklist ask?


Quick Answer

A starting a business checklist usually asks questions that revolve around the initial business plan, the legalities of taxes and permits, the finances and the everyday running of the institution, as stated by U.S. Small Business Association. The checklist is a guideline to help ease the process and create a plan on how to tackle the tough decisions and create a clear goal.

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Full Answer

To get everyone who is working on the project on the same page, a business plan is essential to breaking up the key components of the project. Questions that should be addressed within the business plan should revolve around a company description, a look at where funding will be coming from, a financial projection to predict what amount of income will be made and a marketing strategy, as reported by the U.S. Small Business Association.

To figure out the legalities of the business, questions about the location, zoning, permits, taxes and the structure of the company will need to be addressed. Where the business will go will affect the zoning and permits required to make it legal. The structure of the company will decide how management is run and then how the business will be taxed based on the state.

To fund a new business, loans and grants are a way to get started initially. A checklist could offer different avenues of loans to help fund a beginning business.

Everyday running of the business is involved once employees are hired, so a checklist would be needed to remind the owner what has to be done. Taxes need to be recorded and getting insurance is needed for worker's compensation.

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