Planning ahead is better than jumping into water head-first. This is why your business should have a timeline outlining all the necessary actions you will have to go through, even before the start your business. It is a step-by-step tool that you can regularly look at and check off when you're done. Completing this timeline signifies your business is ready to begin.
Begin your timeline a year before take-off. Mark the first phase with these steps: registering your business, completing a general business plan and review the time requirements for needed permits. You should also conduct studies on competition, have property pin-pointed and consult other professionals in your network.
Move to the six to nine month mark and add in these steps: leasing plans reviewed and arranged, office layout, choosing optional advisors, arrange business listing and joining your local Chamber of Commerce. Also in this phase you will want to apply for a business loans or credit that you'll want for the beginning of your business.
Organize the four to six month start-up section in your business plan timeline. You should have these steps implemented at this time: business filings done, licenses are validated and your permits are granted. This is the time to also renovate your property, open checking accounts and have commercial ads ready for deployment.
Focus on your three months to business start-up. In your timeline, make sure all of your products, business cards and inventory are ordered. Start hiring new personnel and make sure your property is ready for use. Create publications and information brochures for your employees as well as to use in your business plan.
End your timeline with the final one to two month region of your business plan timeline. Apply the finishing touches to your business. The final portion of your timeline involved training your employees, stocking your inventory, launching a marketing campaign and opening your business to your awaiting public.
- Goodluz/iStock/Getty Images