Business Operations Checklist

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1. Business Establishment:

• Creating business ideas: inventing a workable business conception to be realized;
• Business planning: creating a detailed business plan to justify the effort;
• Business registration: registering partnership, obtaining all necessary permits and licensing;
• Business organization: departmentalization and creating the business team charter;
• Establishing business site: renting/constructing appropriate place or premises;
• Establishing business assets: acquiring and deploying equipment and tools;
• Hiring business staff: recruiting people with adequate skills and expertise;
• Contracting necessary supply: employing providers of raw materials, utilities, etc;
• Putting work in motion: launching business processes and production into motion;
• Studying and respecting competitors: learning strengths and weaknesses of competitors;

 2. Generation of Income:

• Attracting investments: obtaining business startup and development loans;
• Acquiring customers: making the brand and products interesting to the target audience;
• Sales: effective selling goods/services to gain more income and to keep the business running;
• Operating equipment: generating useful outcomes from utilizing the business equipment;
• Utilizing talents: making talents and skills of the staff members to work for the business;
• Signing long-term contracts: finding opportunities to attract upfront money;
• Optimization: reorganization and improvement of business processes to decrease costs;

 3. Increasing the Business Value:

• Capital investments: acquiring and development of fixed assets for a long-term service;
• Business staff development: hiring more employees and training the available ones;
• Business methods development: finding ways to make current processes more effective;
• Implementing innovations: acquiring some new more productive technologies;
• Creating innovations: designing new know-how methods and technologies;
• Exploring the market: extension of business presence at the market by attracting more clients;
• Extension of the market: reaching potential clients in other areas (exploring new markets);
• Partnership development: seeking more of effective partnerships to support business growth;
• Providing aggressive marketing efforts: making your brand and products more popular;
• Managing business growth: controlling stable gradual increasing of volumes produced and sold;
• Increasing customer satisfaction: streamlining methods of stimulating clients to buy more;
• Overcoming competitors: increasing the market share by ousting competitors;
• Accepting a wider scope of payment methods;

 4. Securing the Business Income and Value:

• Accounting: maintaining accounting records and financial statements;
• Tax deduction: calculating taxes and preparing tax returns;
• Staff retention: securing effective professionals from demotivation and headhunting;
• Billing: creating effective system to accept and calculate payments;
• Customer retention: securing profitable long-term clients;
• Strategizing: devising a strategy to...

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