as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
generate a list of steps for starting a new business.
user
here is a list of steps to start a new business:
- research your target market and competitors. 
- identify a business name, obtain a business license, and apply for any necessary permits required by local, state, and federal statutes.
- find a location that meets the needs and budget of your enterprise.
- create a business plan.
- secure the necessary funding.
- hire employees and set up payroll.
- create policies and procedures for your business.
- set up accounting systems and manage finances.
- develop your website's layout, design, and content.
- implement an advertising/marketing strategy.
- create your customer service philosophy.
- monitor your progress and analyze performance metrics.
- stay abreast of trends and regulatory changes in the industry.
assistant