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Many things need to be set up before starting your venture into the business world. We will take you through these essential steps of our entrepreneur checklist to ensure a successful start. So without further ado, let’s get straight into it!
1. Create a Business Plan
Any successful business needs a business plan, or entrepreneur checklist, which includes things like SWOT analysis, competitor analysis, market standing, your business USP, objectives and goals, as well as detailed information about the business. Once these are completed, you’ll have a clear idea of your business and can then pitch it to the investors and companies for funding.
2. Register a Business Name
This step of the entrepreneur checklist doesn’t seem difficult. However, when choosing a business name there are so many possibilities, so it can take some time. Think about how the name will affect the consumer’s perception of your brand. Choose the one that is meaningful to you. Have a brainstorming session and research other business names in your niche to come up with a truly unique name for your business. Don’t forget to check if the name is available on the official registrar.
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3. Choose Your Business Type
Have a good idea about which type of business you want to register as before you start the entrepreneur checklist, here are a few of the options available:
• Sole Proprietorship
This means there will be only one person running the business. It’s one of the most common