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The Information Technology industry is an evolving and thriving one. Computer technology and telecommunications are used in industries to perform specialized functions across all sectors. As the IT industry evolves, many entrepreneurs are trying to establish IT service businesses. However, several statistics have clearly shown that only 4% of new businesses survive for ten years. More than half of the small businesses in the United States do not make it to the fifth year. The big question now is: How do you create a successful IT business in a changing economy? How do you build an IT service business that scales all the hurdles to become one that makes a profit and still gives back to the community? This article provides a checklist of nine indispensable things that you need.