What should be the first item I must do to passage a business?
Answers: The above answers are excellent. Check into your local COllege and take a business class- they usually hold one called, "starting your own business" they will drill you how to make a business plan and a financial plan plus stir through all of the steps to thinking things through (ie how to recognise direct and indirect competition) and also educate you the differences between starts a corp, LLC, LLP, Sole Proprietorship etc.. these are VERY important to cram so you know what you are protected with and what you want- what assets are liable... how the company is divided- what happen to the co if you die... which one helps you best come excise time.. which ones cost more to start up.. etc etc.
You will want a written business plan to make sure that in print there is potential for profits prior to investing time, money and gusto into a venture that may not work out. You'll want to range out competition, find out what licenses you inevitability, get a endorsed business entity, get a Tax ID, prepare a budget, ask for financing, and a short time ago put everything in writing. It's be said that businesses that fail to plan are planning to fall through. Get a business professional to help next to the groundwork... SBA or Score offers FREE entrepreneurship counseling.