Lola wants to own a small restaurant. in order to achieve this goal, which action should she perform first?

First thing to do:  Break up the long-term goal into short-term goals.

According to Katie Shives, writing for Inside HigherEd, the best way to achieve goals "is working backwards once your goal is identified."  To do that, you first ask yourself what are the major components of the goal, and what sub-projects need to be completed in working toward the major project goal.  Shives says, "This is very much a project management approach to setting goals and can help by allowing you to break big projects into minor components, accurately estimate the time to completion, set multiple realistic milestones, and to adjust timelines as you move forward."

So with that advice in mind, and based on a list of options I've seen elsewhere, the order of goal achieving would go as follows:

one of the appeals of a sole proprietorship is that business expenses are kept separate from your personal income tax return