How To Start A Business From Scratch

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How To Start A Business From Scratch
How To Start A Business From Scratch

Video: How To Start A Business From Scratch

Video: How To Start A Business From Scratch
Video: How To Start A Business From Scratch (Start Your OWN Business) 2024, May
Anonim

Every person at least once in his life has thoughts of starting a business. It is generally accepted that business is the path to one's own freedom and independence: financial, career, personal. We will not argue that this is true, but we will not prove the opposite. However, a few important tips on how to start a business from scratch should be known to anyone who decides to go on an independent voyage.

How to start a business
How to start a business

Instructions

Step 1

Decide on the business

In order to move towards a goal, it is necessary to define this goal. It is naive to think that if you saw how a shop with a familiar entrepreneur or a point in the market or a sales office of plastic windows works, you can easily enter the same market and bite off a piece of the pie. It is better to turn into a business something from which you personally manage to generate income. You do a good massage - great, you repair computers to everyone around you - great, you help people with moving to GAZelles - great. If you do all this, then there is no point in getting into food production. The market you enter should be clear and familiar to you.

Step 2

Where to go?

Starting a business from scratch, imagine for the future what it should become in three months, in six months, in a year. Write down your thoughts in a notebook. Subsequently, they will become something like a coherent development plan to be guided by. After a while, it will acquire details and features that you did not know about at the very beginning.

Step 3

First - business, then - bureaucracy

Any business is, first of all, an activity. The fact that you register as an entrepreneur or open an LLC today, buy office equipment and rent an office, money will not flow like a river tomorrow. You can sit in a beautiful office for half a year and not close a single deal.

It's best to work informally first. Plunge into the world of future problems, which is called entrepreneurship, in advance. There is an option that after informal work, you will no longer want to continue being a businessman. And this will be a very good result for two reasons!

First, the experience gained in organizing entrepreneurship will remain with you. Secondly, save money on formal procedures with registration and other costs associated with the initial stage of formation.

Step 4

Finance

After working in this mode for a while, compile an actual income statement for yourself. There is a great chance that the actual costs will be more than planned. Do not wonder. This is a typical entrepreneurial immersion: solving problems caused by inconsistent plans and facts. The next step is to start working in two directions: learn to plan correctly and cut costs.

Profit is not the only indicator of the correctness of the chosen path. Of course, calculating the economy of each month, deriving a positive profitability, is ideal. But if from month to month at least the loss is decreasing, this is already something.

Step 5

Coming out of the shadows

When the business began to show signs of stability (in terms of the volume of transactions and in terms of money receipts), you can start thinking about legalizing and renting an office. It will also be the first step towards expansion. At this stage, the money spent will no longer be money thrown down the pipe, but an investment.

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