Steps for Successful Startups

Make sure you take the right steps to set up and establish your new Northwest Indiana business!

Step One

Evaluate Your Business Idea

Research your customers and business competition. Take the time to find out if your idea is viable. Who will buy your product or service? What’s happening in your industry? Review quality tactics of analyzing your potential market.

Step Two

Develop an Entrepreneurial Mindset

Entrepreneurs have a unique outlook on life. They are always trying to improve and keep focus on doing what they see as right and necessary to accomplish their goals. Learn to think like a successful entrepreneur.

Step Three

Plan Your Business

Good business planning keeps you focused, and can be the difference between failure and success. Learn the proper steps of developing a well-thought out business plan, along with other necessary steps needed during the planning phase of creating your business.

Step Four

Build Your Social Network

One of the best investments your business can make is in human capital.

Step Five

Select a Business Structure

It’s almost time to launch your business! Before you can officially “open your doors” there’s a few more steps needed to set yourself up for success!

Step Six

Register and License Your Business

You’ll need to go through several steps to make sure your business can operate legally. Review what is needed to make sure your business is in good standing with local, state and federal government entities.