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10) Research any additional regulations applicable to your product. Find out if there are restrictions on producing it from your home. For example, if you're a caterer, authorities may not allow you to prepare food in your home if you have pets running around!
11) Select a business structure, such as sole proprietorship, partnership, or corporation. Again, you may want to consult with a qualified professional to determine what's best for your specific situation.
12) Assess your financial situation. Do you have enough to finance a business startup? How will you handle emergencies? Don't forget about marketing expenses -- success of your business will depend in large part on how well you market it.
13) Secure additional funds, if necessary. Loans, lines of credit, grants, savings, and employment income are some ways that entrepreneurs can finance their businesses. The US Small Business Administration has a useful list: http://www.sba.gov/starting/indexspecial.html
14) Prepare a business plan to help you define your goals and stay focused. Again, US SBA offers help at http://www.sba.gov/starting/indexbusplans.html
15) Investigate costs associated with purchasing necessary equipment, materials, and supplies. Contact several suppliers to compare quality, prices, and service.
16) Talk to your local tax office. Ask for any relevant information on how your home business will affect your tax situation.
17) Consider purchasing additional insurance to cover your business assets.
18) Set up your home office. Establish rules and 'office hours', when customers can generally expect to reach you. Consider setting aside a room specifically for your office space.
19) Talk to your bank about a business account, to keep your business and personal income and expenses separate.
20) Consult with professionals. Depending on your situation, you may need to use services of lawyers, accountants or bookkeepers, insurance agents or brokers, and others.
For additional information, read US Small Business Administration's 'Small Business Startup Kit' available at http://www.sba.gov/starting/indexstartup.html .
Angela is the editor of Online Business Basics, a practical guide to building a business on a beginner's budget. It's a proven hit with beginners, for the down-to-earth style and loads of instantly useable tips! For details, visit http://onlinebusinessbasics.com/article.html OR request a series of 10 free reports to get you started: http://onlinebusinessbasics.com/freereports.html