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 | The personality it takes to manage a business. You will be your own most important employee, so an objective appraisal of your strengths and weaknesses is essential. |
| | Considered the type of business suitable to your skills, interests and the local economy. |
| | Defined the business in detail. It sounds silly, but many owner/managers never truly ask themselves what business they are in. |
| | Reviewed the four basics of success: sound management practices, industry experience, technical support, planning ability. |
| | Drafted a business plan. This is your business rsum. |
| | Considered legal issues, some of which may require a consultation with a lawyer well-versed in state and local regulations. |
| | Figured how many employees youll need and how best to find them. Decide before you hire what you will want them to do. |
| | Thought about the cost and power of a computer system. Youll need to decide whats best for you. Remember: computers can only assist; they arent cure-alls. |
| | Thought about the size and flexibility of the telecommunications system. You will have to be able to easily expand as your business grows. |
| | Drawn up marketing and advertising plans. What do your customers want and what can they afford? A local advertising agency may be able to help you reach them. |
| | Explored location options: renting office space vs. working out of your home. About 20% of new small businesses are operated out of the owners homes, but you will need to consider local zoning laws. |
