Start Your Business Step-by-Step

by Daniel Rung and Matthew Rung

Starting a business from the ground up? Here are the specific steps you should go through to successfully launch your business. For more information about each step, click on it and it will take you to the appropriate section of our Ultimate Step-by-Step Guide to Getting Your Business Started, which has detailed instructions for each step. Ideally read the entire Guide before starting.

  1. Develop and validate your business idea
  2. Conduct market research and competitive analysis
  3. Write a comprehensive business plan
  4. Establish your physical or virtual business location
  5. Fund your business
  6. Choose your business structure (e.g., LLC, Corporation)
  7. Register your business with state and local authorities
  8. Obtain an Employer Identification Number (EIN) from the IRS
  9. Open a business bank account and credit card
  10. Secure necessary business licenses and permits
  11. Obtain appropriate business insurance coverage
  12. Develop your brand identity (name, logo, tagline)
  13. Protect your intellectual property (trademarks, patents, copyrights)
  14. Business software: Accounting, CRM, Email, taxation, etc
  15. Determine and secure your funding sources
  16. Create a website and establish an online presence
  17. Develop your products or services
  18. Set up your operational processes and procedures
  19. Identify and secure suppliers or vendors
  20. Hire employees or contractors
  21. Implement your marketing and sales strategies