How To Start A Small Business In

Table of contents:

How To Start A Small Business In
How To Start A Small Business In

Video: How To Start A Small Business In

Video: How To Start A Small Business In
Video: How to Start a Small Business With Low Investment in 2021 2024, May
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It is not so easy to realize the idea of starting your own business, your own business, which you have dreamed of for a long time. Where do you start? After all, I want to avoid gross mistakes and violations, to foresee all kinds of costs and risks, to get the first profit faster.

How to start a small business
How to start a small business

It is necessary

  • - a statement in the form of Р21001, certified by a notary;
  • - a copy of your passport or other identity document;
  • - a receipt for payment of the state duty;
  • - business plan.

Instructions

Step 1

When deciding to start your own business, choose the form of its organization. The most convenient form of small business is individual entrepreneurship. Please note that for engaging in entrepreneurial activity without registration, administrative or criminal liability is established.

Step 2

Contact the local tax authorities. It is they who carry out the state registration of entrepreneurship. Receive the application form, specify the bank details required to pay the state fee. By the way, you can send an application with a package of necessary documents by mail with a return receipt and a list of attachments. Within five working days after receiving the papers, the tax authority will assign you the status of an individual entrepreneur.

Step 3

Some types of business activities require a license. Go through the procedure for its registration in local authorities. Open a current account in any of the banks.

Step 4

Starting even a small business of your own, be sure to draw up a business plan. This is a document assuming calculations for making a profit. It will allow you to streamline all your wishes and ideas, establish the sequence of steps and actions, and will also be necessary to attract investors, apply for a loan at a bank. The business plan includes an analysis of the state of the market that you are going to enter with a new product or activity. This means that you need to study competitive products in a specific market segment, compare them with your product, assessing its advantages and disadvantages.

Step 5

Other necessary sections of the business plan: production, commercial plan or service plan; marketing plan; financial plan. The marketing plan includes ways to attract potential buyers, customers. The financial plan will allow you to foresee all the necessary costs for opening a business and possible risks. To draw up a competent business plan, contact the specialists of organizations involved in this type of activity.

Step 6

Perhaps, having calculated the costs that will entail starting your own business, you will understand that you cannot get by with your own funds. Study the terms of small business lending in different banks, try to find investors. Your business plan will come in very handy at this stage. After all, any investor will want to know where he invests money, when he can make a profit, having recouped his costs.

Step 7

You can rent a suitable premises for business from individuals or from the municipality. Explore all the proposals, consider several options. Compare the conditions and costs that will be required to bring each of the premises to the form required for your business.

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