07: Setting Your Business Up For Success: Top 10 Things To Get You Started

For any aspiring entrepreneur ready to take the leap into business ownership, the landscape can seem daunting. Between permits, legal entities, taxes, accounting, insurance, banking, not to mention actually creating and selling your product or service, launching a company requires crossing many T’s and dotting many I’s. It’s complex, but it doesn’t have to be overwhelming. In this episode, Sally draws from her real-world expertise to simplify the process and presents her top 10 steps that all entrepreneurs should take when embarking on their journey. As an accountant turned entrepreneur herself, Sally understands the multitude of essential boxes business owners need to check before opening their doors. From concrete tasks like registering your business structure to conceptual musts like projecting profit margins, her actionable advice aims to prevent aspiring business owners from leaving loose ends that could create issues down the road.

It’s complex, but it doesn’t have to be overwhelming. In this episode, Sally draws from her real-world expertise to simplify the process and presents her top 10 steps that all entrepreneurs should take when embarking on their journey.

As an accountant turned entrepreneur herself, Sally understands the multitude of essential boxes business owners need to check before opening their doors. From concrete tasks like registering your business structure to conceptual musts like projecting profit margins, her actionable advice aims to prevent aspiring business owners from leaving loose ends that could create issues down the road.
ten Up! The Tax and Business Podcast, you’ll learn:

The 10 items you need to address when launching a business (0:55)
Choosing and establishing your business structure (2:20)
Registering your business entities and obtaining credentials (3:29)
Getting adequate insurance to mitigate risks (4:00)
Setting up financing and payment collection (4:30)
Understanding costs, pricing, and profit calculations (5:15)
Drafting terms and conditions, contracts, policies, etc. (6:25)
Implementing accounting systems and administrative processes (7:05)
Ensuring your product/service meets customer demand (8:00)
Marketing your business through digital channels (9:12)

Whether you’re still an aspiring entrepreneur unsure of how to get started or you’ve already begun putting the pieces together for your new business, you’ll come away with a checklist of concrete action steps needed to set your new venture up for sustainability and success.