STEP ONE: Starting Up
 Starting
a business is described by many as the hardest thing they have
ever done. There simply aren't enough hours in the day to complete
everything. It can also be the most rewarding.
Starting a business is a daunting task. In addition
to identifying your product or service, you must decide upon
the legal form for your business, get the required licenses
and permits, set up your accounting system, get a bank account,
deal with employee and business taxes, find an office or place
of business, arrange for appropriate insurance, calculate the
cost of your product or service, arrange for adequate financing
and learn how to market and advertise.
When you are first starting a business, there
are a number of tasks that you must perform.
Listed below are some tasks that should be completed
in the start-up phase.
-
Evaluate your personal reasons for going
into business
-
Decide what type of business you want to start
-
Set up the legal structure of the business
-
Obtain necessary licenses
-
Conduct market research
-
Research and obtain financing
-
Research and obtain necessary business insurance
-
Create a business plan
-
Plan the strategy for growing the business
-
Find an accountant and lawyer
-
Open a bank account for the business
| Listed below are some
links to help you if you are in this stage of development.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
