Business Startup Checklist

If you’re looking to start your own business, you’re not alone. In 2019, there were about 31.7 million small businesses in the United States. Starting a business can be one of the most exhilarating ventures you may embark on. However, a lot can go wrong if you don’t take the right steps. In fact, according to the U.S. Bureau of Labor Statistics (BLS), 20% of businesses don’t make it past the first two years and only 55% last five years.
 

Much of what determines whether a business has longevity has to do with the planning process. Business planning should start well before you sell your product. Of course, there are always influences outside of your control, but there are some steps you can take to help your new business succeed.