Business Survival Checklist

Business Survival Checklist

The San Diego & Imperial Valley SBDC Regional Network supports local small businesses in all aspects of their creation, operation, and growth. The following list provides a basic outline of what a small business should have in place to be operationally successful. There are many more important steps for small businesses to remain successful in the long-term. If you are ready to take your business to the next level, or you need help completing items on the checklist below, contact your nearest SBDC today to set up an appointment with a professional business consultant.

“Taking Care of Business Checklist”

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Have an updated business plan

Create a mission statement for your business

Determine that all insurance, licenses, permits and legal documents are in order

Keep your financials in order

Have a personal FICO score of 680 or above

Develop operating procedures

Have a current marketing and promotions plan

Get online

Have a feasible budget in place

Ensure you keep cash reserves

Cultivate a strong relationship with clients, vendors, media, employees, and community

Consistently review health of your financials

Develop good hiring practices

Ensure your marketing program is performing

Conduct market research

Continually forecast for upcoming expenditures

Develop a growth and expansion strategy that fits your business

Call your SBDC for any questions or help you may need