Radly Bates offers a 30 point checklist for a flourishing business

by Radly Bates Index The RBI Entrepreneurship Index measures the % of t

Are you planning to be an entrepreneur and start your own business to reach heights and grow potentially? Therefore, you need to consider and keep in mind a number of excellent things before you launch your startup. Radly Bates is a professional, who has provided the entire process into few easy and simple steps on your to-do-list. Following are the primary tasks involved in this list:

Determine viability and ask yourself will the customers pay enough so that you may cover costs and earn profits.
Create a business plan with exacting financial projections, while keeping it breathtaking by revisiting and adapting it regularly.
Figure out the money and get to know exactly where your living expenses for the first year will come from.
Spend some quality time in order to make sure that your family and other close relatives “buy into” your startup. This is because many challenges may arouse resistance from family.
Then choose a business name, relevant to stick with your target audience needs and keep it unique. Also keep a good check on the state and federal level.
Get a matching domain to your business name and incorporate legal structure which can protect your personal assets.
Later on, apply for an Employer Identification number (EIN) so that you can easily incorporate your business or open a business bank account. This helps you avoid giving out your social security number.
Investigate and apply for business licenses and set up a website.
Register social media profiles, and get your brand reserved as a profile name. Then, start your revenue stream and even rent retail or office space.
As a start up founder, order business cards and open a business bank account while setting up your accounting system.
Therefore, you also need to assign responsibilities to co-founders and emphasize on using a good phone with a good business app.
Find free advice and consult your insurance agent and secure your coverage.
Hire your first employee and line up suppliers as well as service providers.
After this, file for trademarks and patents, while working on your network and don’t waste time on partnerships.
Refine your pitch, products, and marketing and sales approach, secure your IT and get a salesperson or sales team in place.
In the long run, you certainly need to get a mentor if you wish to grow and succeed steadily.

Therefore, Radly Bates Index organized the vital tasks which need to be done before you launch and helps you who to take care of down the road, while prioritizing tasks.