Step 1: CHILL

Step 2: Put it in 'standard' form, -((x+1)^2)/4+(y-1)^2=1
Step 3: Find the centre of the hyperbola. You look at the translations, in you case it is left 1, up 1
Step 4: Work out the gradient of the asymptote, so rise over run. Your 'rise' is the sqrt value beneath the y-term, so 1. Your 'run' value is the sqrt value beneath the x-term, so 2. hence gradient is 1/2. From here you can find the equation of the asymptotes
Step 5: Check if it is up and down or left and right hyperbola. since the minus sign is on the x term, yours will be an up-and-down hyperbola.
Step 6: The vertices of up-and-down hyperbola is the centre y-value +- the sqrt value under the y term.
Hopefully that should be enough to get you well under way. The generic formula is probably in your textbook somewhere. A picture of the graph is:
http://www4a.wolframalpha.com/Calculate/MSP/MSP4261aa8c7b9hb4g6401000050h6c7ffg8bc80a4?MSPStoreType=image/gif&s=25&w=200.&h=202.&cdf=RangeControlBtw, have you just started this topic? we covered this over the summer holidays agess ago...