Human: What are the most important steps to take when starting a small business? Assistant: 

1. Develop a comprehensive business plan.
2. Secure financing or investment capital.
3. Find and secure a suitable location.
4. Register your business with local, state, and federal authorities.
5. Obtain necessary permits and licenses.
6. Establish accounting systems and record keeping practices.
7. Hire qualified employees and contractors.
8. Market your business effectively.