New Business Checklist
In this episode of Startup Hustle, join Matt and Matt as they share their list of things to consider and complete when starting a new business. Create your own new business checklist with help from the Matts before launching your next business venture!
Covered In This Episode
Starting a new business is not for the faint of heart. We’ve all heard the statistics; failed business ventures happen. That said, having a plan certainly helps. Here are the steps discussed in this Startup Hustle episode for creating your own ‘New Business Checklist.’
- Write down your Executive Summary
- Company Description
- Market Analysis
- Service or Product Line Details
- Sales & Marketing Plan
- Funding Plan
- Financial Projections
- Expense Projections
- Estimating Labor & Wage Expenses
- How to decide which niche has the best business potential. (10:00)
- Finding the right fit that will provide the best solutions for your buyers. (24:00)
- How to raise money and the risks it involves. (29:00)
- Some advice for new business owners (35:35)
Be sure to tune in to this episode to hear the entire rundown on creating a New Business Checklist.
Always remember, YOU will determine your own outcome.
No matter what your plan is, it’s likely wrong. That being said, you still need a plan.
A great product or service doesn’t really mean shit if you don’t have a sales and marketing plan.
Shout out to this episode’s sponsor – Universal Registered Agents. Setup your new business and maintain business compliance with the help of our friends at URA. Their goal is to make your job easier, so you can focus on what you do best – running your business. Visit Startup Hustle’s Partners page to earn 20% off your selected registration or services package when you sign up with the code STARTUPS.