How to start a small business

How to start a small business

Millions of people dreaming to multiply their income and gain independence, think about the opening of their business. But most of this idea remains the idea of \u200b\u200bsimply because the failed businessmen do not know where to start.

1
Business idea. This is exactly the source of private entrepreneurship. To decide on the type of business, analyze your skills, your practical experience and theoretical knowledge. Maybe you are a specialist in some kind of popular area? Spend the market research, learn the demand and supply of goods and services in the selected area. Examine your potential competitors.

2
Assessment of opportunities. When it is already decided what exactly you will do, weigh your financial opportunities. Perhaps not enough own funds and have to take a loan in a bank or attract investors. Do you need a partner or handle alone. Will you have to rent a room or you can work at home. Perhaps need training personnel or special equipment.

3
Financial party. Not all banks willingly issue loans and loans to novice businessmen. We will have to try and search the bank with the most favorable conditions for private entrepreneurs. Our state provides for various programs in support of small businesses. It may be free courses for developing activities, compensation of some expenses, assistance in obtaining a loan or subsidy.

4
Business plan. Some amateur entrepreneurs neglect this significant part of the start and development of the business. But the business plan is necessary. It describes in detail what product or service you offer, the implementation methodology, a clear definition of potential customers and competitors, all starting costs. All risks and possible losses should be calculated and the overall profitability of the business is derived. If you doubt that yourself will handle the writing plan, contact your specialists.

5
Next is the official part. Select the name of the company. It must be «talking » and memorable. Remember that in the directories of the company are located alphabetically, and therefore, the name for the first letters client will see before the rest. It should also choose the organizational and legal form (LLC, OJSC or PI) and register the enterprise. Then you need to open a bill account in the bank. Think over your accounting, whether you will lead it yourself, hire an accountant or contact a consulting agency for help.

6
Some activities require certain permits and licenses. It is also necessary to thoroughly consider the room, it happens that the rules are also presented to it. It can be a certain method, floors, a ban on the basement, the presence of windows, etc. Do not forget about the requirements for employees - sanitary books, licenses, work permits, special education.

7
The advertisement is engine of the trade. Responsibly treat the PR shares of their company. Do not buy on advertising, use various ways to declare yourself: Internet, leaflets, outdoor advertising, print publications, and even radio and television are available in the regions. To attract customers, make focus on advantages over competitors. It may be proximity, low prices, free shipping, promotions and gifts.

So that your small business has become successful, competitive and stable, alone is not enough. Will be prepared for the fact that there will have to make a lot of mental work and physical effort.

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