๐ฅ Important Notes Part โ 3 ๐ฅ ๐จโ๐ป Top 50 things Required for starting a business from scratch ๐ฎ๐ณ 1. Business Idea โ Core product or service idea 2. Market Research โ Understanding target customers and competition 3. Business Plan โ A roadmap outlining goals and strategies 4. Budgeting โ Setting up capital and expense forecasts 5. Legal Structure โ Choosing between sole proprietorship, LLC, etc 6. Name & Branding โ Unique business name and identity 7. Logo & Design โ Visual representation of the brand 8. Domain Name โ Website address for online presence 9. Business Registration โ Legal process to register your business 10. TIN (Tax ID) โ Required for tax filings 11. Licenses & Permits โ Necessary legal permits for operation 12. Business Bank Account โ Separate account for business transactions 13. Accounting System โ Method for tracking finances 14. Funding โ Capital from personal savings, loans, or investors 15. Insurance โ Protecting the business from risks 16. Website โ Online platform for marketing and sales 17. Social Media โ Accounts on platforms like Facebook, Instagram 18. Office Space โ Physical or home office 19. Employee Handbook โ Guidelines for staff management 20. Hiring Staff โ Recruiting employees as needed 21. Payroll System โ Managing salaries and taxes 22. Suppliers & Vendors โ Sourcing materials and services 23. Inventory Management โ Tracking stock and orders 24. Sales Strategy โ methods for selling products 25. Marketing Strategy โ Plans for customer acquisition 26. Customer Service โ System to handle customer queries and feedback 27. Product Development โ Improving or creating products 28. Technology Infrastructure โ Tools and software for business operations 29. CRM Software โ Managing customer relationships 30. Project Management Tools โ Organizing tasks and projects 31. Networking โ Building relationships with other businesses 32. Legal Contracts โ Templates for business agreements 33. Financial Forecasting โ Estimating revenue and expenses 34. Exit Strategy โ Planning for business sale or closure 35. Brand Partnerships โ To expand reach 36. Customer Retention โ Strategies for repeat business 37. E-commerce Platform โ Online store for sales 38. Content Marketing โ Using blogs and videos for marketing 39. SEO Strategy โ Improve search engine visibility 40. Email Marketing โ Building and using an email list 41. Advertising โ Paid campaigns to increase exposure 42. Customer Feedback โ Gathering insights to improve services 43. Shipping & Delivery โ Logistics for product delivery 44. Quality Control โ Assure product standards 45. Growth Hacking โ Rapid scaling strategies 46. Customer Analytics โ Analyzing customer behavior 47. Franchise Model โ Expanding through franchises 48. Public Relations โ Managing brand image 49. Sustainability โ Eco-friendly business practices 50. Continuous Learning โ Staying updated with trends
Download the medial app to read full posts, comements and news.