Checklist for Starting a Home-Based Business

Starting a home-based business can be a complicated undertaking. The following checklist covers the most important points that you will need to consider and will help you stay focused as you try and get your business off the ground.

1. Create a business plan. Even if you are the only one that will ever read it, it is important to plan out your business and the important milestones you hope to accomplish. See the AllBusiness.com Business Plan Center for advice on putting together this important document.

2. Establish your business entity. You will need to decide if you want to run your business as a sole proprietorship, a partnership, or a corporation.

3. Get your business license or reseller certificate. Make sure you are in compliance with your state laws and get a business license or a reseller certificate if your state requires one.

4. Check with your local zoning commission. You do not want your business shut down prematurely due to zoning laws. Make sure you can legally run your business from your home before you put in too much time and effort.

5. Purchase insurance. Determine what kind of insurance you need, and purchase this before you actually open your new business.

6. Organize your office. A well-organized office space leads to a successful business. Make sure that your office is in a place in your home where you will be able to focus on running your business with minimal distractions.

7. Purchase your equipment. Make sure that you purchase any required office equipment ahead of time. You will avoid embarrassing moments if a customer wants to fax you an order and you do not have the proper equipment ready.

8. Set up your Web site. You will need to purchase a domain name and set up your Web site so that it is ready to go live when you open for business. By planning your Web site concurrently with starting your business, you will be able to include your domain name on your promotional material. Check out the Internet & E-Business Center at AllBusiness.com.

9. Make your schedule. Even if you do not want to work 9 to 5, you will need to create a schedule that follows somewhat normal business hours to ensure that your customers can reach you. They may not be aware that your business is in your basement and you have to get your kids to soccer practice.

10. Organize your inventory. If you plan on stocking merchandise in your home, you will need to make sure it is well-organized to facilitate a quick turnaround time. Make sure that they are easily accessible and free from dirt and debris. If you are a smoker, make sure you store your inventory in a smoke-free area.

11. Get your shipping supplies ready. You should not have to scour your house for a padded envelope when you get your first order. Gather all of the supplies you will need, such as envelopes, boxes, bubble wrap, shipping tape, and labels ahead of time.

12. Open your virtual doors. Now that you are completely prepared, you are ready to open your business up to the public.

source: http://allbusiness.about.com/article.asp?ID=3318&CenterID=3349&CatID=3350