How to organize a small business

In order for the company to make a profit, it must be flexible to a constantly changing market, but at the same time it should work like a clock. It is necessary to organize a small business in such a way that there is not a single superfluous and not a single missing link, each gap is a crack that will sooner or later leak.

You will need

- an enterprise in the field of small or medium business

Instruction manual

1

First of all, consider the form of taxation that best suits your company. Remember that patents exist and that they limit your income to a certain level.

2

Responsibly select partners and suppliers. Check and constantly control the actions of your partner, remember the main rule: there are no friends in business. Choose only those suppliers who have proven themselves to be reliable and are located at the minimum distance from you - this way you minimize logistics costs.

3

Use professionals in your work. Choose those who want to develop and really work, and not just work out the required number of hours.

4

Use only ads that are relevant to your business; constantly monitor its performance, depending on this, build your advertising strategy and get rid of ads that are not profitable.

5

Always leave at least a third of the net profit for the development of the company. This will help you get even more profit in the long run.

6

Keep a qualified lawyer on the staff or use the services of third-party organizations in order to avoid misunderstandings with the law.

Useful advice

Motivate employees to work according to their needs.