Checklist 2: Sort out Capital and Legal Issues The second starting an online business checklist item is to understand and fulfill the capital and legal requirements. Determine the start up capital required and how you will raise the money. Learn about the applicable taxes, benefits and the kind of insurance that you will need to pay for as an online business owner. You need to find out the legal requirements for starting a business online in your area and meet them. These may include obtaining licenses and registering for taxes. Understand the government regulations for conducting an online business in your area.
I have an aviation background so in my world, every action we take begins with a checklist. Over the years, I have developed a system of checklists that I use in everyday life. Checklists are used for two purposes. One is to produce a routine for what you want to accomplish. The second reason is to make sure that you haven\'t missed any of the steps. I use a checklist in my Network Marketing business to make sure I am completing my daily tasks. It is especially important is to stay consistent to my Internet Market plan. Here is my typical daily checklist: