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Business Start Up Checklist

By Custom Care | June 24, 2009

Important steps in launching your new business!

Sometimes entrepreneurs get exciting brainwaves about a new business idea but have a hard time knowing where to start and what to do first. After the idea and concept has been birthed there are a number of things to do before this new venture can opens it’s doors. This list is a general guide and not necessarily in order of priority as every business is different.

Your Checklist

 

- Establish relationship with advisors, (financial, lawyer, accountant, etc.)

- Research business potential, market analysis, niche, determine market potential and market share, service or product pricing structure.

- Name registration and name search, or numbered company operating as.

- Registration of corporation, http://strategis.ic.gc.ca/epic/internet/incd-dgc.nsf/en/cs01001e.html (if incorporating, and necessary documents), completion of other related documents depending on organization of business.

- Look into Health Care Plan Options: www.customcare.ca

- Set up banking, need name registration, and/or articles of incorporation.

- Business Plan, financial plan included.

- Marketing Plan Development.

- Start up capital if needed.

- Business Insurance.

- Business License.

- BIN Registration and GST number, CRA.

- Establish Address (lease or own), and lease hold improvements, check zoning laws, permits and regulations.

- Business Phone.

- Business Cards.

- Operation and procedure manuals.

- Key Business Systems development and records management.

- Hiring and training staff.

- Business Equipment and supplies, office set up.

- Marketing and promotional material developed.

- Tracking forms and progress reports.

- Checklists of daily tasks to reach goals and objectives (time needed for administration, accounting, marketing, advertising, networking, tracking and reports etc).

- Memberships in appropriate associations.

- Choose form of business organization most appropriate for your needs. (Proprietorship, partnership, corporation)

You may even consider consulting a Business Coach: www.ultimateresultsinc.com

Hope this helps.

 

Topics: Flexible Health Care Plans for Canadian Small Business, Health Care Plans For Small Business, PHSP - Designed for Canadian Small Business Owners | 1 Comment »

One Response to “Business Start Up Checklist”

1. Business Tax Guru Says:
   November 23rd, 2009 at 3:47 am

   I’ve been involved in taxes for longer then I care to acknowledge, both on the individualized side (all my working life!!) and from a legal viewpoint since satisfying the bar and following tax law. I’ve supplied a lot of advice and redressed a lot of wrongs, and I must say that what you’ve posted makes complete sense. Please persist in the good work – the more people know the better they’ll be armed to deal with the tax man, and that’s what it’s all about.

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