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Starting a Business: The Complete Resource Roadmap

Starting a business means fifty things need doing and no obvious order to do them in. This roadmap sequences every free resource we have — checklist, calculator, templates, and AI prompts — into the order you'd actually use them, from your first legal decision to your first invoice.

8 resources · 8 free

Who this roadmap is for

  • You've decided to start a business but haven't set anything up yet
  • You're validating an idea and need to know what it'll actually cost
  • You want your books set up correctly from day one instead of cleaning up a mess later

The Roadmap

1

Start here. This is the master list of legal, tax, and admin setup steps — business structure, EIN, licenses, bank account — before you spend a dollar on anything else.

2

Before you commit any money, find out how much you actually need. Plug in one-time and recurring costs to see your real number, not a guess.

3

Turn your calculator numbers into a plain-English cash cushion recommendation — how many months of runway you should have before you launch.

4

Put the idea on paper. A clear plan forces you to answer the questions a lender, partner, or your future self will ask.

5

The numbers behind the plan — startup costs, P&L projections, balance sheet, and break-even, all in one workbook.

6

Sole prop, LLC, or something else — get the plain-English tradeoffs on taxes, liability, and paperwork before you file anything.

7

Set up your books correctly from the first transaction — a proper account structure now saves a painful cleanup later.

8
Invoice TemplateTEMPLATEFree

You're ready. Send your first professional invoice the moment you land your first customer.

This roadmap uses resources from the full library

Every template, checklist, and AI prompt linked above lives in the iLuvAccounting library — free items need no sign-up, and Tools Club items unlock for $7/month.

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Frequently Asked Questions

Do I need to follow this roadmap in exact order?
No — treat it as a sequence of priorities, not a rigid checklist. Most people move the business-structure decision earlier if a lawyer or accountant is already involved, or run the cost calculator and business plan side by side. The order here just reflects what typically blocks the next step.
Are all of these resources free?
Yes, everything in this roadmap is free with no email required. iLuvAccounting also has a $7/month Tools Club with 90+ additional templates and AI prompts if you want to go deeper once the business is running.
What should I do after I've finished this roadmap?
Once you’re set up and sending invoices, move to the Full-Cycle Bookkeeping Roadmap to build the habits that keep your books accurate going forward.
I'm in Canada — does this still apply?
Yes, the sequence is the same. Several of the templates referenced here have Canadian versions (GST/HST tracking, T4A forms, etc.) available in the Tools Club library.

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