How to open a new business

Along with state registration of the business, the future entrepreneur must find an answer to the questions of what he is going to do, where he is going to take start-up capital, when and what kind of profit he plans to receive. Without this, his project runs the risk of remaining only on paper.

You will need

• - market research in the field of future use of forces;

• - business plan;

• - start-up capital;

• - a package of documents for registering a company or individual entrepreneur.

Instruction manual

1

The first step in starting a new business is usually the choice of activity. This can be the provision of certain services, trade in a place where the sold goods are in demand, or the production of a new product or a product that is not adequately represented in the sales place. A thorough research of the market niche precedes it: what is offered, what does not suit the existing assortment, what prices and why, which can interfere with the successful promotion of a product or service and much more. Experienced people are advised to take a closer look at areas that the future businessman knows well. This will minimize the likelihood of error.

2

No less important is the search for start-up capital. The best option is when you have enough free money that you are willing to risk. There are also known cases when large enterprises now started with the sold car or apartment of the founder. You can attract investors and receive part of the money as a grant from the state.

3

About 58 thousand p. At the start of your business, you can attract through the employment center. A prerequisite for this is to be registered at the labor exchange as unemployed. Another prerequisite for the provision of this subsidy is a business plan, the preparation of which will be helped by the business development agency of your region. Through the agency, you can get an additional subsidy. The conditions for its provision to novice entrepreneurs and the size in each region are different. The decision to allocate funds will always be made also on the basis of a business plan.

4

It is better for public organizations that provide subsidies and private investors, if it is planned to attract them, to show different versions of the business plan. The former are interested in the benefits for the economy and social sphere of the region (tax revenues, new jobs, the appearance of a sought-after product or service). The second - when they will receive back the money invested in your project, and when and to what extent - dividends.

5

The state registration of an enterprise or entrepreneur is best done in parallel with raising funds. But we must take into account that investors prefer to deal with a ready-made legal entity or entrepreneur. When receiving state funds, there are some subtleties. To receive subsidies from the employment center, you must first register as unemployed, and then register your business with the tax. And the agency for entrepreneurship development or the department of economic development accepts applications from existing firms and entrepreneurs, from the moment of registration of which an average of 1-2 years has passed.

6

To register a company or individual entrepreneur, you need to contact the tax office with a package of documents. For entrepreneurs, this is a completed and notarized application for registration of IP, passport and receipt of payment of state duty. In the case of the company there are more papers, but they are all typical and are easily found on the Internet.