How to create your own business

Working for yourself is the dream of many. Basically, people want to open their own business in order to have more control over their lives and more actively control their income. In order to create your own business, you need a number of skills and personal qualities, but the main points that must be taken into account can be counted on the fingers of one hand. And the main condition for starting a business is a systematic and consistent approach to these points.

You will need

• - a computer

• - a pen

• - paper

Instruction manual

1

Clearly identify what you are addicted to. Determine this based on an analysis of your knowledge, skills and experience. If your experience does not correspond to the desired direction of activity, spend the necessary amount of time to study this area of ​​activity.

2

Identify the market niche of your business. Identify competitors and the target group that your product or service is focused on. Determine for yourself the limit that you want to achieve for a certain period and analyze the experience of other companies in your segment for the realism of your goals.

3

Identify the optimal conditions for the start. Determine the suppliers of equipment, goods, rental costs, the amount to pay staff - all the necessary factors for starting your business. Calculate your budget.

4

Examine government SME subsidy programs and loan terms. Consider the possibility of obtaining subsidies, and on the basis of them obtaining a loan, taking into account the fact that you set the amount received on the subsidy as a percentage of personal participation in obtaining a loan.

note

Pay attention to government programs to repay the percentage of the loan in your area!

Useful advice

When you start your business to receive subsidies, try to confirm each of your expenses with a bank transfer receipt.