???? Checklist for starting a small business | #businessstrategy

Here's a checklist for starting a small business: ????

✅ Finalize Your Product
Write down all the ideas if you're confused.

✅ Market Research
Research your product thoroughly.

Example: Clothing Business.
- Decide on the niche (e.g., kids' clothing, men's clothing).
- Consider factors like reorders, competition, and selling strategies.

✅ Sales Channels
- Decide where you will sell (online, offline).
- Online: E-commerce, Whatsapp Business, Instagram.
- Offline: Store, Inventory Space, Location.

✅ Plan Inventory
- Find a supplier or wholesaler.
- Determine the stock investment.
- Establish a system for inventory management.

✅ Packaging
Choose packaging materials based on your business needs (e.g., cardboard boxes, bubble wrap, etc.).

✅ Branding
- Decide on a brand name.
- Create a logo.
- Secure social media handles.
- Get logo stickers, stamps, and business cards.

✅ Payment Gateways
- Open a business bank account.
- Set up online payment gateways like Instamojo or Razorpay.
- Arrange for COD solutions if needed.

✅ Shipping Partner
For online businesses, choose a shipping partner like Shiprocket, Pickrr, etc.

✅ Legal Documents
Obtain necessary licenses like GST, MSME, and Trade License.

✅ Product Photography
- Learn product photography basics.
- Invest in a tripod for better photos.

✅ Marketing
Plan your marketing strategy, including influencer marketing, organic marketing, and digital marketing.

Remember, this list is just a starting point, and you will learn more as you progress. Just start!