Starting a New Business

Thinking about starting a business? You’re not alone—and you’re not without help. We’ve gathered some key steps and resources from our own experience launching Indiana Owned to help you get started.

Step 1: Do Your Market Research

Understand your customers, your competition, and what makes your business different. Try:

Helpful Data Resources:

Step 2: Select Your Advisors

  • Lawyer, banker, accountant, insurance agent, HR advisor
  • Also consider a website developer, branding or marketing expert, and mentor

Step 3: Create a Business Plan

  • Executive Summary
  • Company and Product Descriptions
  • Market and Financial Plans

Step 4: Choose Your Business Form

LLC, sole proprietorship, nonprofit? Talk with your lawyer and accountant. Then register with INBiz.

Step 5: Understand Your Taxes

  • Payroll, income, and sales taxes
  • Register with Indiana DOR

Step 6: Plan Financing & Name Your Business

Budget carefully and choose a name after researching availability at the Indiana SOS.

Step 7: Determine Location & Permits

Will you lease or buy equipment? Work from home? Make sure you’re covered with the right permits from in.gov.

Step 8: Get Insurance & IDs

Every business needs insurance. You’ll also need an EIN and state registration.

Step 9: Keep Records & Hire Smart

Good recordkeeping and great hires are crucial. Need help? Try tools like the DISC assessment.

Step 10: Get Certified Local

Join Indiana Owned to be part of a supportive network, access exclusive promotions, and proudly use the “Certified Local” badge.

Need help growing your business? Schedule a meeting with Mel and let’s talk about your goals.

More Resources:

All the best,
Mel