S E T T I N G U P

A B U S I N E S S
E N T E R P R I S E
Steps for Setting Up a Business Plan
• 1. Refine your idea
• Define objectives and nature of the enterprise
• Identify product mix
• Prepare mission, vision, policy and procedure

• 2. Write a business plan:

• Conduct market research.
• Consider an exit strategy.
• 3. Assess your finances:
• Perform a break-even analysis.
• List Expenditure
• Consider your funding options.
• Choose the right business bank.

• 4. Determine your legal business structure.

• Sole proprietorship
• Partnership
• Corporation
• Limited liability company
• 5. Register with the government and IRS:
• Articles of incorporation and operating agreements
• Doing Business As (DBA)
• Employer Identification Number (EIN)
• Income tax forms

• 6. Purchase an insurance policy.

• 7. Build your team.

• 8. Choose your vendors.

• 9. Brand yourself and advertise.
• Company website
• Social media
• Logo
• Marketing Campaign
• Creating a marketing plan

• 10. Grow your business