Entrepreneurship

How to create an individual enterprise

How to create an individual enterprise

Video: How to create a successful social enterprise | Marquis Cabrera | TEDxTeachersCollege 2024, July

Video: How to create a successful social enterprise | Marquis Cabrera | TEDxTeachersCollege 2024, July
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Opening a new business will require a series of preliminary steps for legal and practical purposes. Any business can bring problems and setbacks in the beginning, but with a well-organized plan, any obstacles can be easily overcome.

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You will need

  • Business plan;

  • license;

  • the room;

  • a computer;

  • office furniture;

  • insurance.

Instruction manual

1

Explore your type of business. Talk with experts to get advice on specific products or services. Create a business plan with the help of your mentors. Choose a retail location or office space as the first formal step in starting a business. Get a business license.

2

Talk to bank representatives or investors for funding. Visit a lawyer to conclude a contract of ownership under a single owner or limited liability company. Be careful when spending too much money at the initial stage of starting a business, as capital will be needed to buy goods, pay rent and hire employees.

3

Prepare the physical space for doing business, purchase several desks, one or more computers and cabinets. Order business furniture that matches your surroundings. Prepare a place to negotiate with actual customers or customers.

4

Hire employees by arranging an interview. Begin their training to help with marketing, customer service, or retail store management. Your employees should clearly understand what is expected of them day after day. Hold several business meetings for a brainstorming session, suggest creating an idea of ​​how the company should attract new customers. Allow employees to ask questions and make suggestions if necessary.

5

Get all the goods or services at the appointed time to start a business. Preparation for the sale of services such as plumbing devices or electrical appliances is carried out by obtaining all the necessary licenses and an agreement with local authorities to provide such services.

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