Step #13 Select Business Cards, Stationery, Brochures
Spend time on the color, design and paper for these items. If you are not certain what is most suitable and effective, consult a graphics designer or a creative printer whose work you like.
Step #14 Open A Business Checking Account
Call several banks to find out what services they offer, and what minimum balance, if any, must be maintained to avoid paying a service charge. Also ask about credit card if you plan to offer this convenience to your customers. Bank fees can be significant, so shop around for the best deal.
If your personal checking account is with a credit union, see if it can also provide a separate business account. when you open your account, you may need to show the assumed name certificate and business license.
Finally, investigate obtaining a credit card in the business’s name. If this is not possible, set aside a personal credit card to use for business expenses.
Step #15 Set Up Record-Keeping Systems
Put together a simple and effective bookkeeping system with an 81/2 x 11″ three-ring binder, columnar pad sheets and twelve pocket dividers from the office supply store. For each month, set up columnar sheets for income and expenses. Use a pocket divider for each month’s receipts, bank statement, deposit tickets, and canceled checks.
In addition, an automobile log for business mileage, and filing system for correspondence, invoices, supplier catalogs, client records, etc. are two other useful tools.
For more information on record-keeping, see IRS publication #583, Information for Business tax payers.

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Tags: 21 Steps to Home Business Success, Set Up Record-Keeping Systems
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21 Steps to Home Business Success | Start Home Based Business
August 9th, 2008 at 2:05 am
[...] Identifying Number Step #11 Obtain a Sales Tax Permit Step #12 Obtain Licenses and Permits Step #13 Select Business Cards, Stationery, Brochures Step #14 Open a Business Checking Account Step #15 Set Up Record-Keeping [...]
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