How to create a small business

Despite all the obstacles posed by lawmakers, there are still enthusiasts in Russia who want to create a small business. As a rule, these are those who take up the bulk of the production activity and rely only on their own strengths.

Which business to choose

If you are a qualified specialist, especially in the field of providing services - be it construction work or computer repair - it is easiest for you to decide on the type of business that you will be engaged in. When you don’t have special qualifications, it still makes sense to gain experience beforehand so that you can control the quality of work of those specialists who will work for you on a job. High professionalism is the key to the success of your enterprise and its further development.

Having decided on the idea and profile of the future enterprise, conduct a financial analysis and consider the influence of factors such as existing barriers to entry into the market of goods and services, the required amount of investments and the payback period, the possibility of obtaining a loan at the bank and its cost. After that, it is already possible to engage in organizational work - to attract co-founders, if necessary, determine the form of its ownership and register a new enterprise. The most convenient form for small businesses is a limited liability company (LLC).