How to realize your business
Video: Best Advice to Small Business Owners 2024, June
In difficult conditions for finding a new job and low salaries, your own business can be a way out of the situation. But it depends only on you whether your business will lead to financial stability, or will become a heavy burden for you.
You will need
- - start-up capital
- - conducting research
- - business plan
Instruction manual
1
Conduct marketing research in the field in which you plan to implement your idea. If you have a limited budget, you can do it on your own by studying specialized literature. It may turn out that such a business already exists in your chosen territory, so this fact will become decisive in your competitive strategy.
2
Make a clear and detailed business plan. Let it be a document for internal use only, but it will help you predict profit, size of investments, monthly expenses, risks, expenses for media planning and development prospects.
3
Check the legal framework governing your business, as you may need permits or licenses, which can take a long time to get.
4
Register your own company and select the appropriate tax system. If you are a novice small business owner, you can get a little financial support from the state. Today, employment services pay self-employment grants in the amount of 12 minimum wages. In addition, socially significant business projects have a chance of a grant of up to 300 thousand rubles, and municipal business support centers, which are in all major cities, can provide loans to start a business with a minimum interest rate. Receiving such payments may take some time and will require the provision of a number of documents, however, grants do not have to be returned, and they can be a serious help in your business.
5
There are many options for implementing a business with minimal or no investment at all. Car repair, educational and consulting services, cleaning pillows, website design, creating online forums: there can be a lot of ideas, but the main thing is to create a business that is not similar to similar ones. The consumer of your product or service must make a choice in your favor, because today there are many offers in any field.
6
Think marketing policy, choose low-cost, but effective advertising. Try to keep every incoming customer and encourage him to come again. To do this, develop a loyalty system, conduct trainings for staff, keep a file of the largest customers and arrange events to stimulate demand for your product or service.
note
At the initial stage, do not risk taking large loans. Be prepared for the fact that the profit will not go right away, and it is quite possible that you will not be able to cope with the terms of the bank.
Useful advice
Start small: give up expensive rented space and large-scale advertising, do the work yourself. When the business starts to generate revenue, you can hire staff and do business development.
