<human>:  What steps do I need to take to set up a small business?
<bot>: 
1. Decide what type of business you want to set up and identify any legal requirements or licenses you may need.
2. Develop a business plan that outlines the goals and objectives of your business.
3. Learn about your target customer audience and create a strategy for marketing your business.
4. Secure adequate funding for your small business.
5. Determine business location, equipment and supplies needed.
6. Hire employees and arrange payroll.
7. Set up an accounting system to track income, expenditure and other financial transactions.
8. Adhere to regulations and pay taxes.
9. Establish an online presence with website and social media accounts.