Many people dream of having their own business. And as often happens, when faced in reality with the need to independently organize a small business from scratch, they lose their former fuse. Perhaps this is even for the best. Because even in a small business, there are those who can really carry this difficult burden on themselves.
Instructions
Step 1
Typically, small businesses have the following characteristics:
• Comparative simplicity of the organization (depends on the business area);
• A small number of employees;
• Limitation in financial resources at the stage of formation;
• Lack, as a rule, of the organizers' experience in running such a business. Of course, in each specific case, a small business can be organized by people with connections, as, for example, various sticky businesses are created. The administrative resource can also be used as an integral and decisive competitive advantage. All this takes place, but we will not consider these cases, since they are not of a mass nature.
Step 2
When starting a small business from scratch, it makes sense to work informally for a while. Of course, the final choice is yours, but it is better to go through the formal procedures of bureaucratic registrations when you are sure that it will not be in vain, and your business will not close after a month of unsuccessful work, but is viable and can feed both your employees and you. …
Step 3
Business management experience will be gained over time. Personnel are also recruited, screened and screened out. All these personal qualities and competencies of a leader come as if by themselves. But when it comes to financial resources, it is necessary to act rationally and tough from the very beginning. Since it is finance that is the life-supporting factor for the existence of a business. And in this sense, such an approach to financial management as bootstrapping plays an important role. This concept came to us from the English language and in practical terms boils down to several principles that allow you to organize a small business with minimal costs: • spend as little as possible (work from home, look for the cheapest rental premises, refrain from paying salaries for short and long periods);
• agree to do a lot for a percentage of sales or for free, • negotiate with suppliers on preferential terms of payment;
• engage in areas that bring money immediately;
• delay various payments as much as possible, delay settlements with suppliers, utility bills, etc.;
• If your business is unique in some way, provide a franchise for the use of your products or business idea for a fee.
