What are all of the things I would need to buy and do to start a small video game business

First, i would plan on knowing how to create video games yourself before you start a video game creating business. But assuming you know that. You'd have to have some kind of Business and Managment Degree. Computer Science Degree. Fine Arts Degree. Etc. And assuming you have those. You'll have to figure out if your gonna perform an independent game business, or have staff.. In which case you'll have to have a BoO (Base of Operations) which can be a small rent-a-spac at the local strip mall or something. Hire your staff. Buy the computers/equipment to make a game. I would start minimum until you actually get a game out. Such as standardized stock computers. If your trying to go free on software, take a look at Blender for free 3d modeling. Saves you a couple hundred dollars. As for the rest you'll need to do some planning and etc. Good luck, and i hope this helped!