The Logic Team
Mile Ivicic
The key basic elements in business are important. I applied these elements in all 7 companies I established in the past and new companies in the present. 
Starting a business is more than a roll of the dice. There are many challenges that require preparation — jumping the competition, meeting customer needs, and putting
together a winning team. Let’s help you put together a sound strategy to ensure you advance to the next level.
  1. 0
    Develop a Business Plan
    Define the products or services your business will offer, and research your competition and target market.
  2. 1
    Brand Your Business
    Decide the messages and graphics you will use to present yourself to the world.
  3. 2
    Incorporate
    Protect personal assets, gain tax benefits, and boost credibility by incorporating or forming an LLC for your business.
  4. 3
    Form Alliances With Expert Advisers
    Seek experienced accountants and attorneys who know your industry and have a track record of helping entrepreneurs and small business owners.
  5. 4
    Obtain Licenses and IDs
    Make sure you have all necessary licenses and permits to operate legally, including a federal tax identification number.
  6. 5
    Cover All the Bases
    Seek advice on insurance needs, tax requirements, and health and safety requirements.
  7. 6
    Separate Your Finances
    Open a business bank account to separate your business and personal finances.
  8. 7
    Run the Numbers
    Use a software program to keep a close eye on expenses, invoices, income, inventory, and so on
  9. 8
    Build Credit
    Establish a line of credit to avoid prepaying for products and services. It’s advisable to obtain a D&B D-U-N-S® number so vendors and suppliers can check your creditworthiness.
  10. 9
    Open Your Doors
    If home-based, be sure you meet city zoning requirements. Otherwise, find a space to lease and then purchase or rent furniture and equipment to get ready to welcome your first customers.