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When I decided to start my second internet business, I was older and more experienced and now having a family, I was much more interested in the budget and how to start economically. I found that almost all of the principals of starting my new business apply to any startup. So, I decided to write an outline to discuss some of the steps required.

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Before you spend so much as a dollar on setting up your new business, take a pad and paper (for a tech guy this was the difficult part) google anything you can find about your business. Go to social media sites and review groups and experts in the field that you have chosen and take notes. Just one suggestion can save and or make you thousands so believe me when I tell you this is not time wasted.
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3. Get your financing in place. There are many ways to finance your business, from your own savings to personal credit cards to bank loans. If you need credit, know your business plan inside and out and be sure to adjust your summary depending on who you might show it to. A bank vs a private investor, etc.

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11. Set up your business bank account and record-keeping system. Your banker will need to see your incorporation documents, and you should probably set up more than one account so you can keep track of your finances better. Record-keeping is required, and can be done manually or with a computer program.

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13. Contact potential creditors and set up credit terms. You should have researched suppliers when you were doing your feasibility study. Now is the time to contact them.

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15. Purchase supplies and office equipment. You'll need too many things to list here, and of course, each business has different needs. You might need a fax machine and printer. You'll probably need a computer. You'll definitely need paper, pens, pencils and a calculator.
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