Business is an expedition, and you need to properly prepare for the road: allocate a budget, lay a route, assemble a team.

Of course, before you plunge into the maelstrom of entrepreneurship with your head, you need to:

1. make sure that your ideas about the main direction of the company's activities are clear (what products or services you will offer to the market);
2. work on the exclusivity of the offer (how your offer will be different from competitors);
3. understand who your target audience is (who is the client who will buy your product or service) and what goals do you pursue (market share, launching a new product on the market, planned revenues and company profits).

Without answering these questions, do not rush to open your own business. Otherwise, it will look like in a fairy tale - go there, I don’t know where, bring something, I don’t know what. If we are not talking about high technologies, then in most cases someone has already come up with their brilliant idea before you, and there is nothing shameful in adopting the experience of their predecessors, adapting the idea to the Russian market (of course, without violating anyone's copyrights). ). It is also useful to travel to international specialized exhibitions - they sometimes bring insight and inspiration.

Franchising - name for hire

Franchising is one of the priority areas in creating your own business. This is an advanced form of licensing in which one party (the franchisor) grants the other party (the franchisee) a compensatory right to act on its own behalf using the trademarks and/or brands of the franchisor. Essentially, you are "renting" a brand (trademark or commercial use mark). You do not need to create a reputation and an effective business model from scratch, but at the same time you retain sufficient economic and legal independence.

In 1955, Ray Kroc founded the McDonald's company, being the founder of franchising in its modern form, when an entire business system is transferred along with the franchise. In Russia, the companies 1C, X5 Retail Group (Pyaterochka, Perekrestok stores), Ruyan Group (Expedition brand), Baskin Robbins, Rosinter Restaurants Holdings (restaurants Il Patio", "Planet Sushi", Friday's), "Promsvyazbank", "Planet of Hospitality" (restaurants "Sbarro", "Eastern Bazaar", etc.) and many others.

Almost all types of entrepreneurial activity can work on a franchising system. This system is most common in the following areas: catering, real estate agencies, hotel business, dry cleaners and laundries, cleaning companies, retail, medical services, etc. There is even an online franchise store on the website of the Russian Academy of Franchising, which you can use right now .

Personal connections

If franchising is not your path, then it is better to start your first business with something that you are good at. Trial and error, of course, is acceptable, but it is much riskier and more expensive. Suppose you worked for several years as an account manager in an advertising agency, earned yourself a reputation as a great specialist, formed a portfolio of projects and a base of promising clients. With this experience and information, you have a good chance of starting your own agency, with the expectation that some small proportion of clients will pass to you - provided, of course, that you offer a favorable price, combined with a qualitatively new approach to serving the needs of this client. You will make fewer mistakes along the way.

Inspired by the history of the international cosmetics company Mary Kay. After quitting her job, company founder Mary Kay Ash ventured into her own business at 45, doing what she's done most of her life, sales. It only remained to find a product that she could sell. They became a wonderful cream, the recipe of which she bought from a friend of a beautician. Thus, the Dream Company was born. It's never too late to start if you have a great desire to realize your dream, passion, experience, a loyal team and a little bit of luck.

Teaching and labor

If there is no experience in the business that you plan to do, then it would be good to get it for a start. If you want to start a retail catering business, get a job at McDonald's or any other similar company, feel the atmosphere, talk to knowledgeable people, learn from their experience. There is a desire to open your own cafe or restaurant - the advice is the same: experience in this area is indispensable, unless, of course, you are ready to allocate a considerable budget for hiring highly qualified managers and consultants. And once you learn how to sell jeans, it won't be too hard for you to successfully sell food or dry cleaning or tailoring. The main thing is that you will know how to do it.

On your marks!

Step 1. When choosing an area for applying your knowledge, it would be nice to carefully study the state and dynamics of the market development in this area, the success story of its leaders, clientele, etc. If there is no budget for hiring a marketing agency, you can get by with data from open analytical sources. The ability to analyze information and keep abreast of trends will come in handy in any circumstances.

Step 2 If you are not able to schematically reflect the business plan of your future company on one piece of paper, then the chances of finding an investor are small. Investors I know admit that it is enough for them to look at the first sheet of a business plan with one trained glance to understand whether it works or not. They often review these business plans while they are on the move: on the plane, at the airport, in the car on the way to the office, and so on. Appreciate other people's time: be rational, don't pour water, but give out only specifics on paper, be in trend - then, perhaps, success awaits you in the form of a "bank" of a private investor who is ready to invest in your idea.

Step 3 So, you have an idea, a plan for its implementation and an initial investment. What's next? Next, a not too pleasant procedure for registering a company awaits you, and I would recommend delegating these powers to a professional lawyer or an outsourcing company. You need to choose the form of a legal entity (LLC, CJSC, OJSC), the taxation system that suits you (general or simplified), specify in detail the types of your activities and solve some other important issues related to the registration of a legal entity. It is optimal if you will be advised by a lawyer and an accountant on all issues. At the same stage, you will be faced with the issue of renting an office space and hiring an accountant or an outsourcing accounting office.

Office: "for" and "against"

We will not go into details of Russian legislation regarding the legal address where your office should be located. I'll tell you to the point. Companies providing a number of intellectual services, in most cases, do not need an office. For others, it is simply necessary and is a guarantor of future profits.

There are advantages and disadvantages of having an office in a company. Of the obvious advantages - no problems with documentation (receiving, sending, storing accounting documents), in addition, you will be able to control the work of your team. But the most important thing is the reputational side of the issue: the image of your company in the eyes of customers. It is quite difficult to convince a client of solvency and sign a deal for several million if he finds out that you do not have an office (as happens with shell companies) and there will be nowhere to look for you if something happens.

Advantages. Many companies started by working from home, in a cafe, remotely managing the process and organizing meetings once a week on no man's land. However, in the future, with the expansion of the business and the increase in the number of staff, they still had to rent an office. In addition, not everyone can work at home, but only responsible citizens who can concentrate and organize themselves. If there are children in the house, noisy, you do not have a separate office, good communication, etc., then the quality of work suffers. And you can't do without an office.

Flaws. The most obvious drawback is the cost of renting and maintaining an office (furniture, software, etc.). In a small business, office expenses often significantly undermine the state of a bank account, although there are programs to support small businesses, including the provision of office space on preferential terms.

Secret of success

Registration, office, taxes, etc. - this is only the organizational side of the issue, which is not so difficult to solve by contacting professionals. The key to the success of your business is in the team led by you. It is known that the fish goes out from the head. If there is no order in your head, a systematic perception of reality, objectivity in assessing your actions and the inclinations of a leader, then the success of the enterprise will be very doubtful. You must not only manage the hired personnel, but ideologically inspire and lead. One of the commandments of the "iron lady" of Great Britain Margaret Thatcher: "I am the leader of the pack. But what kind of leader is this if he does not lead the pack behind him?"

Discussion

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11.09.2017 18:49:13, mrs martina

I also believe that it is necessary to sell goods and services, not yourself.

I never liked offices. That strict schedule when you can't go to the gym or the movies during the day.

Freelancing, own projects are always more interesting and do not eat up as much time as working on schedule, IMHO!

There must be an element of freebies in business. For example, you buy lace napkins from your grandmother for a penny and sell them as handmade very expensive. Then there will be money. And so you need to study a lot and work a lot.

Disagree with the comment above. The purpose of a business is to sell a product or service. And "myself" is already from another sphere.

In business as in sales, 3 things are very very important!
If you do them, 100% result will be.
1. Fall in love with yourself
2. Fall in love with the product
3. Sell a product
Do the first point, you don’t even need to do the rest, the result is already guaranteed

Comment on the article "How to open your own business? First steps to success"

Small business. Serious question. About his own, about a girl's. For example, I personally know one person who, after selling sweets through small shops, eventually, under the pressure of competition from chain stores, came to make his own bakery and make buns ...

"A business project is a time-limited, purposeful change in an organization with certain requirements for the quality of results, acceptable limits for the expenditure of funds and resources, and a characteristic organization for its development and implementation.

Home business ideas - many people dream of starting their own home business, since Thank you very much. You need a comprehensive business plan. You haven’t saved from the first course) A business plan helps you accurately define your business, its direction B ... 10 steps to ...

First steps to success. Small Business Startup Guide - Business Plan, Investments, Legal Entity, Office Rent. Children's club: how to open and make profitable. Much says that the children's club is a promising direction for business.

IP pension in Moscow. Does the "Luzhkovskaya" - now "Sobyaninskaya" allowance for individual entrepreneurs - anyone I have this question: my mother-in-law calculated a pension of 8 thousand rubles, she is an IP (individual entrepreneur) does not live in Moscow ..... if she. ..

About your small business. Survey. About his own, about a girl's. Discussion of questions about the life of a woman in the family, at work, relationships with men. I may be too gullible, but when people here write about their small business, which brings a stable income for everyone ...

9 out of ten newly-made businesses burn out and close, these are dry statistics, and not the Entrepreneur-owner and hired manager, and not even the head of the skeet and your employment category (at the moment) is in first place in terms of the frequency of business burnout.

How much more expensive is business class on an airplane? ... I find it difficult to choose a section. Package tourism. I want to know how much is the overpayment for business class compared to economy class on planes? Usually we fly long flights, in the economy class we are exhausted ... legs to do ...

Business - brings money enough to live on them. Now my husband is again planning to open a new business and again wants to involve me in it. Well, it’s not enough if I used to earn more than my husband, at first the husband’s business did not bring income.

The company provides an opportunity for personal franchising "ready business recipe", which will become a kind of insurance against many risks. Depending on your goals and employment in the family. You can decide how much time you want to spend...

Yes. I forgot to clarify, you can open both an LLC and an individual entrepreneur. Of course, no one will give anything in cash, after you register, among the registration documents, you will need to submit information about opening a current account. To this account you will be transferred ...

How can such an account be opened? In my experience, money can be deposited into the account either by the owner or by proxy. But they open accounts for all kinds of donations. What do you need to open an account to which anyone can deposit money using the details?

Common business of the former spouses. Former spouses. Incomplete family. Raising children in single-parent families: divorce, alimony Just imagine that the business begins to flourish and in twenty years your children will share shares in the business with the children of your ex.

let him draw up a business plan for his business and they will give him a loan. It is perfectly normal practice now. and lay the apartment. And suddenly This is entertainment for the unemployed or for those who have business in the suburbs. How to open your business? First steps to success.

Success is built through good relationships with customers - little by little, little by little, step by step. Clients are usually serious aged guys with their own ideas about the ethics of business contacts (some just need to be immediately taken and dragged to a tavern with cognac pumped up ...

I work for a private entrepreneur and I'm pregnant. Will he pay me the allowance and pay the decree? In my opinion, there is still a chance to receive benefits. The fact is that the payment of benefits is not entirely from the personal pocket of the entrepreneur.

Thousands of companies are formed every year, but many fail, primarily because entrepreneurs are not familiar with the basic theory of organization and management of private business.

The book deals with the main questions that will inevitably arise before you. Starting with the reasons why you should start your own business, and ending with real business recipes. It will help answer questions: how and where to start your business, how to write a business plan, what are the secrets of success, etc.

The book contains 20 chapters to help beginners in their business (business).

1. Why you should start your own business.

Before you start your small business, write down the reasons why you want to go into business. Whatever they are, use a specific and systematic approach to build a plan.

2. What do you need to start your own business?

3. Start technology: where to start your business?

There are at least three possible answers:

• realize your own idea;
• buy a ready-made business;
• organize a business using a trademark and technology successfully implemented by other enterprises.

4. How to start your own business.

Have you decided to start a private business and get rich by your own efforts? Congratulations on the right decision! Thousands of companies are formed every year, but many fail, primarily because entrepreneurs are not familiar with the basic theory of organization and management of private business.

5. Stages of creating your own business.

Starting your own business is hard work that you have to do yourself. We can only give advice, teach you how to ask the right questions and point out the ways in which you can find answers.

6. What you need to know and be able to do business.

Creating your own business is a form of expression of economic freedom and motivation of people. Opening a case in one or another organizational and legal form presupposes the presence of the following prerequisites ...

7. What qualities should a real entrepreneur have.

The term "entrepreneur" is often used as a full synonym for the word "businessman", that is, he is considered as the very key figure who makes business.

8. 12 basic rules to help you organize your time.

Make a written plan of what needs to be done. Determine the priority tasks and do not proceed to others until you do the main thing. Cross out what you have already done.

9. What kind of people determine business success?

A successful entrepreneur is often seen as such an optimist, full of new ideas, hyperactive and endlessly curious. In fact, everything is not so at all.

10. Laws of small business.

Today, there are small business opportunities for almost everyone, everywhere. I myself tried myself in this business and deduced a number of laws in relation to small business in Russia during the transition period.

11. 9 success secrets for starting your small business.

Join an industry association that matches your product or offering. Subscribe to all magazines that are dedicated to your business...

12. Do you need a legal business? Start with registration.

An entrepreneur is a citizen (individual) who carries out any types of economic activity not prohibited by law and seeks to obtain ...

13. Registration: what, where, when, how much.

First you need to decide what legal form your company will have (LLC, CJSC or OJSC, non-profit organization, public association, etc.)

14. Fundraising.

So, you need funding... First of all, take a critical look at your enterprise - is it viable and worth the effort for the project you want to finance.

15. How to secure seed capital.

The task of securing money for a business is not as difficult as most people think. Especially if there is an idea that can make you and your creditors rich. In fact, there is often more money than good business ideas.

16. How to manage your time and organize an efficient home office for your business.

Almost everyone needs more income. With such a desire, many start a project for additional profit. The difficulty lies in the fact that not everyone is able to combine a new activity with the previous schedule of activities.

17. How to write a business plan.

Success in business is always the result of planning. You must have a detailed plan showing the final destination, the path to the destination, and each milestone on the way to the destination.

18. How to buy an existing and running business.

There are many reasons to buy a business. They all, however, come down to two main ones. Those who have no business experience may consider buying a business that works, rather than starting from the beginning.

19. Benefit #1 - 43 options for your business (business), available to one person.

This manual contains 43 options for your business (business), available to one person. These are original proposals that do not lie on the surface. This guide will help you find your business, suggest initial steps, lead you to suppliers of equipment and raw materials, as well as buyers of your products. It will warn you against possible mistakes, will allow you to assess your financial capabilities. Everything else depends on you, on your energy, diligence and perseverance.

20. Benefit #2 - 50 options for your business (business), available to a family or a small team.

This manual contains 50 options for your business (business), available to a family or small team. These are original proposals that do not lie on the surface. This guide will help you find your business, suggest initial steps, lead you to suppliers of equipment and raw materials, as well as buyers of your products. the bottom will warn you against possible mistakes, will allow you to assess your financial capabilities. Everything else depends on you, on your energy, diligence and perseverance.

Additional Information

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If you have ideas on how to make money, then the crisis is not a reason to abandon the business. The main thing is to start. Start by becoming a sole trader.

Many people who want to open their own business and start working for themselves are stopped by the generally accepted opinion that it is dangerous to do business in a crisis. It looks like everyone is falling apart. What kind of business is this.

Of course, now there is a crisis, but if you think about it, financial difficulties have arisen only for those entrepreneurs who have taken loans secured by real estate and made themselves dependent on both buyers and creditors. As a rule, these are large and medium-sized firms. And those who did not have enough stars from the sky and hoped only for their own strength continue to work.

If you have ideas for organizing your own business, then it is pointless to persuade yourself that the crisis is over, and then I will start working for myself. You need to live in the present, which means overcoming your fear and becoming an entrepreneur now. With a competent approach to business, the crisis is not a hindrance to business.
So, you have decided to become a sole trader. Perhaps you decided to go into food, open a service station or sell clothes? But first you need to take the following steps.

Step one: View the All-Russian classifier of types of economic activity (available for download on the Internet). Choose the areas of business that you are going to do (no more than ten). Write down the codes corresponding to them.

Step two: Download (the Internet will help) and print the application for registration of an individual entrepreneur. Then, after reading carefully, fill it out. Enter the codes that you wrote down into it (see the previous paragraph). Do not forget to add the full decryption to the codes.

Step three: Make a photocopy of your passport (all pages).

Step four: Pay the state duty at the savings bank.

Step five: At the notary's office, certify your signature at the notary in the application for entrepreneurial activity.

Step six: You go with the prepared documents to your tax office.

If the documents are prepared correctly, then in a week you will receive a certificate of registration of an individual entrepreneur.

You can use the services of numerous companies that, for a fee, will undertake to issue an IP for you. There have been many such firms in recent years. But what's the use of this? Remember that laziness and fear of making a responsible decision are incompatible with entrepreneurship.

15Jul

Why I decided to write this article

Because many who ask me questions ask something that at first you shouldn’t even bother at all. There are even questions that a person may never face at all. In general, “Woe from Wit” occurs in the minds of many novice entrepreneurs, and we will “eliminate” this grief in this article. At least I'll try my best. Now let's talk about mistakes, and then I will give a step-by-step plan as I see it.

Some errors and their solutions

1. Break-even point not calculated

Many start a business without even considering how much in what period they need to sell in order to break even. This is important because many business models are cut off at this stage.

Calculating the break-even point is easy. You consider how much you incur expenses per month and then consider how much you need to sell goods or provide services per month in order to recoup these expenses. If the figure is too large and seems unrealistic to you, then it is better not to take on such a business. If you think that you can sell the right amount of goods to cover expenses or start covering expenses in a few months, then you can think about this business further.

Conclusion 1: Until you have a complete financial picture of the business in your head, you can’t borrow money or even use your savings.

2. Everything must be perfect

At the beginning of your business, you want everything to be right and beautiful: the most modern equipment is bought, the most functional website is created, the office is repaired, etc.

Striving for the best is useful, but there is one “BUT” - before you spend money, check the performance of your business model. If you are going to make an expensive website design, first make sure that your services or products are in demand at all.

Or, if you're opening a cafe, before making expensive renovations, try to start selling in the premises that are available with minimal investment. If sales go on and a place in this area of ​​the city will bring at least some profit, then you can expand or make a cool renovation.

Conclusion 2: Don't invest a lot of money until you're sure people want the product. And you don’t need to bring everything to perfection, thereby delaying the start. Start with what you have and gradually develop and improve.

3. Not understanding your future business or simply no love

I personally think that a business should at least like it. For example, I love each of my business projects, and if I didn’t love them, they wouldn’t turn out to be profitable.

Some start-up entrepreneurs write me questions like “What to sell”, “What services are profitable to provide”, “What kind of business is profitable to do”, etc. I answer everyone: "Open your own bank." And no one likes my answer, although it answers all these questions. Every entrepreneur has a different life situation, different interests and different knowledge. If one likes selling toys and the other likes selling men's suits, then they won't be able to switch businesses and be as successful. This is because they do not understand the model itself and simply do not feel interested.

Conclusion 3: You can't build a business on an idea just because you just know it's profitable and you're not interested in it. Business needs to be understood, loved and “be in the know”. For example, I could not open a massage parlor and lead the business to success. Not because I don't have enough money, but because I don't understand anything in this business.

How to start your own business - 10 steps from scratch

To begin with, I want to say that below I will give 2 plans on how to start your business: complete and simplified. Let's start with the complete.

Step 1. Business Idea

Of course, to start a business, you need to know what to start. I have always said, I say and I will say that an entrepreneur must have an idea. If you can't even come up with an idea, then what kind of business are you talking about. It is not necessary to be an innovator and come up with something unimaginable. You can take an already working idea, look around, find flaws in it, or simply improve it the way YOU see it and it will be a different business. It is easier to enter a formed market than to form it yourself. And the idea should not be global, you can start a micro business or.

In order to come up with or find a business idea, read the following articles and after reading you will 100% decide on the idea:

After the articles are read, the ideas are thought up, you can proceed to the next step.

Step 2. Market Analysis

After choosing a business idea, you need to analyze the market, find out if people really need your product. Evaluate the competition, identify the positive and negative sides of competitors, find in yourself what will make you different from your competitors. Compare prices, quality of service, assortment (if it is a commodity business) and look to the maximum for what you can be better at. It is necessary. Why? Read!

Once you have assessed the supply and demand and realized that you can compete with existing companies, you can move on.

Step 3. Business Planning

Step 5. Registering your business

This step cannot be missed, because the business must be registered. You can use LLC or IP. It all depends on your activity. This article will help you:

Once your business is set up, you can move on to the next step.

Step 6. Taxes and reporting

I indicated this step right away, because you must initially decide on which taxation system you will work with. This must be done immediately, because the amount of taxes and how they are paid depend on it. To do this, read the following articles:

And also read other articles of the rubric, because there you will always find up-to-date and complete information about tax and accounting. You can also ask your question and get an answer from a specialist.

Step 7. Quick idea testing

Someone will say that you can test without registering a business. And you are right! It is possible and so, but it was not in vain that I wrote at the very beginning that there would be 2 scenarios for the development of events, and in the second I will talk about it. Now let's move on to testing itself.

Initially, you need exactly quick testing - “testing in battle”. With your own money, test the idea, give minimal advertising, make the smallest possible product and try to sell it. Study demand in practice so to speak. You have to look into your plan, estimate what you need at the minimum in order to get started and start right away. Why is this being done. At the very beginning, I wrote about one of the mistakes of novice entrepreneurs, which consists in delaying the start, in constant improvements, etc. You don’t need to bring it to perfection, you need to start as soon as possible in order to test the idea in action, get the first sales and be inspired to continue development.

If the start does not give the first sales, then you need to revise the plan, idea and look for errors. A quick start is also done so that in case of failure you spend less time, effort and money. Agree, it would be more annoying to prepare for a year, and then fail? It is less offensive to realize your mistakes right away, while you still have little time to do. So you can make adjustments along the way and everything will start to work out!

To test ideas and your business can help you. It is more for testing ideas on the Internet, but it is also suitable for the real sector (offline).

Step 8. Business Development

After the tests have been carried out, the plan has been adjusted and sales have started slowly, you can develop your business and refine everything that you wrote in the plan to perfection. Now you can improve the site, increase warehouses or office, expand staff, etc. When your idea and business model has shown its performance, it is easier for you to set more global goals. Moreover, you have already received the first money from the first orders or sales and can reinvest them in development.

If there is not enough money, then here you can already resort to loans and borrowings, because business brings money and you can borrow with a clear conscience for its development. If you don't need much money, even a credit card might work. In I told how you can use credit card money for your business without interest.

Step 9. Active promotion

This step could be attributed to development, but I took it out separately. After you have wider warehouses, more powerful equipment and site, more employees, etc., you need to make it all work. This requires aggressive advertising to the maximum. You have to use a lot of promotional opportunities. Look for clients on the Internet, do offline advertising, do direct sales, etc. The more advertising tools you use, the better the result. But be sure to record the results and filter out ineffective advertising tools so as not to waste your budgets.

Step 10 Scaling

Your business is doing well, making money, you are constantly developing, everything is great! But there are also adjacent areas or neighboring cities. If your business model is successful in your city, then you can make representative offices in other cities. If there is no desire or opportunity to go to neighboring cities, then you can simply capture an adjacent direction, if there is one at all.

For example, if you sell household appliances, you can simultaneously open a repair service and provide paid repair services. If your client's equipment is beyond repair, you can always offer him to buy something from your store in exchange. In general, look at your business and I am sure that you will find something to cling to.

What else can you pay attention to

During the launch of a business, there are several parameters that allow you to evaluate how effective your business is at the start, take them seriously:

If the net income of your business is above zero, excluding equipment costs and taxes, then your business will survive because it generates some money. If it is below zero, it means that your business is burning money, and it will not have enough loans and investments;

If you planned sales for 200,000, and sell for 50,000, then this is an occasion to seriously adjust your work and, possibly, the plan itself;

You should be comfortable. Business is hard. If you, too, are constantly having a hard time, then it will be difficult to cope with the tasks of the business. Give yourself enough comfort so that you don't feel left out because of your own business.

How to start and open your own business in a simplified way

As promised, I will give another simplified diagram of how to start your own business. Because I have already written all the points above, so I will refer to them here so as not to repeat myself.

I myself have used this scheme more than once, because before I started very small projects in which a lot could be missed. So the schema looks like this:

1. Idea (it should always be);
2. Easy planning, you can not paint, but fit the main points on a sheet of notebook. It is done in order to draw a model;
3. Quick idea test. Perhaps even without investments and search for money. Or very little money will be required and they will simply be in your savings;
4. Development and active promotion. After the first orders are, you can start active promotion and bring everything to mind;
5. Business registration and scaling.

As you can see, I missed registration at the very end, because some business projects can be implemented without registration, because during the test you get not so much money to immediately run for them to report to the tax office. But if the business model has shown its performance and, after active promotion, it is growing, then the design should be instant.

But you still can’t do without registration even at the first stages if you need a retail space, an office or work with companies under contracts, because for this you need at least an individual entrepreneur.

Conclusion

In this article, I told you how to start your own business, talked about the mistakes that beginners often make and I made, and now you know what to do before starting your own business. Read my site, subscribe to it, and try to start doing your own thing. We will not leave anyone on the site without help. Thank you for your attention!

Sincerely, Schmidt Nikolai

Even with a $1,000,000 brilliant idea, many of us put it off for years and never get around to starting a business. But while some find excuses, others take the first steps and become businessmen. About the first 8 steps that will help you open your business - our new material.

Typical Excuses

The fears and excuses that keep entrepreneurs from opening up are usually the same.

"I don't have enough money."

John Paul DeJoria, CEO of Paul Mitchel, a cosmetics company, became a billionaire with just $700.

"I'm too young/old for that."

Bella Weems started Origami Owl jewelry when she was 14, and Vera Wang started making designer wedding dresses at 40, and each is successful in her own right.

"My first attempt failed."

Walt Disney's early entrepreneurial efforts faltered before he created an entire animation industry.

"I don't have a higher education."

Mark Zuckerberg and Steve Jobs didn't finish their education, which didn't stop them from essentially changing the world.

All this can often be heard, and all these are just excuses. So it's time to put aside the excuses and take action.

Step 1. Come up with a business idea

Earlier, we talked about where famous and successful entrepreneurs got theirs from, and, basically, they built their business on solving a problem for themselves and those around them. So just watch yourself and maybe the idea that will make you a millionaire lies somewhere on the surface.

Step 2. Find partners or like-minded people

Doing something big and worthwhile alone is quite difficult, so team up with those who share your interests and whom you can trust. Partnerships can make the development process less intimidating and more enjoyable.

Step 3. Close the formalities

You can't run away from formalities. Set up a company name, purchase a domain for your website, develop a business plan, and hire a legal advisor. The consultant will be really helpful in setting up your LLC, dealing with contracts and trademarks, as well as formalizing your business. This is the point after which there is no turning back.

Step 4. Set goals for yourself

Decide on the short and long term results you want to achieve. According to the well-known and proven system of S.M.A.R.T. criteria, goals should be specific, measurable, achievable and limited in time. Do not hold back and take advantage of our.

Step 5. Organize your life

When you open your own business, its success directly depends on your self-organization. Now more than ever, you need to be able to manage your time, prioritize and maintain balance in your life. Because, apart from money, your main resources are time and energy.

Step 6. Make new acquaintances

Be like a hungry dog ​​- constantly connect with as many people as possible. You never know who you will meet. Someone will point you in the right direction, and someone may work with you on a project in the future. A wide circle of contacts is one of the main success factors when starting a business.

Step 7. Discuss your goals

Solutions are not born in isolation. Ask for the opinion of your team and other entrepreneurs. Don't immediately take someone else's advice and redo what you have, but be open to suggestions. Considering other points of view will help you make the right decision and make the necessary changes to improve your product or business.

Step 8. Keep Moving Continuously

Success is not the end point. It is a process consisting of small but consistent actions, repeated from day to day. the hardest part is already over, and then you yourself will understand what needs to be done.

Conclusion: 8 steps to start your own business

Anyone can become an entrepreneur if there is an idea and determination. Observe yourself and others, develop contacts, organize your workflow and paperwork. Don't be afraid of failure, ups and downs are part of entrepreneurship. There may be difficulties, but the main thing is how you overcome them.