LITMIR.BIZ

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2 Get the Info You Need

       #1: Learn more about your industry

       Make a list of your research questions

       Contact your industry association(s)

       Do online research

       #2: Research your target market

       Define your target market

       Determine if there are enough customers

       #3: Check out your competition

       Identify your competitors

       Analyze your competition

       Compare competitors’ pricing

       #4: Find suppliers

       #5: Consider strategic partners

       #6: Broaden or establish your network

       Attend a community, entrepreneur, or industry organization meeting

       Build your online connections

       Week 3 Cut Through Red Tape

       #1: Deal with legal and licensing matters

       Choose a legal form and ownership structure for your company

       Discuss ownership of your company

       Apply for business licenses, permits, and identification numbers

       Discuss collecting sales tax

       Draw up basic contracts and other legal agreements

       Protect your intellectual property

       #2: Build your team and personnel structure

       Consider your support structure

       Decide who you need on your team

       Figure out how much you can afford

       Examine the use of independent contractors

       Understand employment laws and consider your personnel policies

       Appraise your management style

       Week 4 Take Care of Operations

       #1: Find and secure a location

       Option A: Rent space

       Decide on the necessary attributes of your location

       Meet with a real estate agent

       Compare properties

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