How to become a businessman

There are many people who dream of creating their own business. But only a few have the determination to take real steps in this direction, and only a few succeed. To enter the ranks of the latter, not only decisiveness and focus on victory are necessary, but also competent planning of each step.

You will need

• - business plan;

• - funds for creating your own business.

Instruction manual

1

If you have not yet decided in which area you are going to work, try to determine a list of your interests, opportunities and priorities. Remember that it is impossible to successfully deal with a business that you do not like. Therefore, think not only about the expected high income, but also about whether your work will bring you satisfaction.

2

After choosing the business that you want to do, evaluate your resources. You should have enough money to reach the level at which your business will begin to bring you first income. The financial side of the matter is very important - carefully calculate everything, and then add another minimum 30% to the calculated amount. This will be the real amount that you will need to open your own business.

3

Carefully study your responsibility when choosing one or another legal form of your activity. For example, when organizing an LLC, you will be responsible to business partners only with the property of the enterprise. If you decide to become an individual entrepreneur, then in case of unforeseen circumstances you will be responsible to partners and your personal property.

4

Carefully study the market niche in which you decide to work. How many competitors will you have, what is the cost of their products and services. Determine how and how you can attract customers. Proper preparation of a business plan is one of the keys to the successful establishment of a business. Do not forget that in Russia there is a state program to support start-up businessmen, you can get free help in the amount of about 50-60 thousand rubles (data for 2014). The state will bear all the costs of registration of the enterprise. For exact clarification on this subject, contact your local employment office.

5

Remember that almost every businessman is faced with serious difficulties when starting his own business. It is very important not to give up during this period, but to continue to work, in spite of any difficulties. This time, from several months to several years, can be called the period in which you will earn your right to become a businessman. As soon as the start-up phase is completed and in practice you prove to yourself and those around you your viability, everything will go well with you.

6

When choosing a business, consider the possibility of its development. If you decide, for example, to repair shoes, then in this regard your capabilities will be greatly limited - unless in time you can open a few more points and hire craftsmen to work. Try to focus not on your own work, but on your abilities as an organizer of business. The more your business develops, the higher your income will be.

Useful advice

When doing your business, always consider the options for adverse events. Be prepared for them, and the probability of their occurrence in practice will be very low. And if they come, you will be ready for them.