Conduct a thorough market research to know if there is a opportunity to turn your idea into a successful business.
Business plan
Plan a roadmap of your business journey. Your business plan will help you to structure and grow your business and to trace the successes.
Funding
Now, as per your business plan, arrange your funding. If you don't have capital with you, meet investors or go for a loan, Without enough funding, starting a business is hard.
Location
Choose your business location very carefully as it has a great effect on the growth of business. For example, a medical store in front of a big hospital.
Structure
The legal structure of your business will effect the legal requirements of your business and will affect your growth in the long run. Choose wisely!
Name
Give all your brain while deciding your business's name. The name will reflect your brand and business spirit.
Registration
The basics to set up a business are done, now its time to legalise the business. Register your business according to the rules.
Tax Ids
You will require a employer Identification Number (EIN) for the legal works of the business such a opting for a loan or to pay taxes.
Licenses
For smooth run of your business, better stay legally compliant. Ready your papers and licenses according to your business.
Business account
A small business checking account can help you handle your legal taxes, day to day issues.