Subject: HOW TO START YOUR OWN AFFILIATE BUSINESS
Author: crisslyn
Posted on: 08/17/2020 08:28:52 AM
Business is an occupation for people who enjoy doing not only their favorite work, but also being the leader of a personal project. There are many examples of successful businessmen. It so happens that some people rise quickly in business, and then, due to haste, do not receive the expected income. So how to open your own business and not go bankrupt?
How to start your own business
WE CREATE A BUSINESS PLAN (BP)
In order to find out how to open your own business, we need a plan (hereinafter BP). It includes:
Explanation of what the businessman will do in the market - what product (service) to sell.
The businessman must explain in the BP - who should buy this product and why.
In detail in the BP, paint the volume of future sales for 3, 6, 9, 12 months.
Calculate detailed revenue not only for quarters, but also for the year.
Conduct calculations in the BP, showing how much the creation costs will be.
Explain in the plan what form of business will be: IP, OJSC, LLC, LLP.
Clarify the number of workers and their responsibilities.
Further in the BP, we tell you how much capital we need to create a business.
We explain in the BP where we will get this money: from personal savings or a bank loan.
We write to the BP about the final goal of the business, what you want to get: a network of organizations, one promoted point.
When there is general information in the business plan, we talk about the main thing - actions.
How to start your own business
SWOT analysis.
This is a small table that describes the strengths, weaknesses of the business. It also tells about the opportunities, threats to business.
Characteristics of the business industry. In this section, we explain how prices will be formed, what competitors offer, and analyze the consumer.
Advertising plan. It explains how a businessman will advertise his product: flyers, promotions, online advertising.
Production structure. This describes the technological process of manufacturing a service or product. We describe all the details, provide recipes for the manufacture of products, talk about suppliers and subcontractors.
Important! If you are looking for an investor, then your BP should be provided with charts and tables telling about the profit and loss of the enterprise in the long term.
WE ARRANGE BUSINESS
Statement. Simply put, the application indicates personal data about the owner, the form of activity of the individual entrepreneur.
Passport data. Provided in 2 types: original and copy of all pages of the document.
Duty. The businessman must pay the fee in cash or online.
INN. Provided in 2 copies. If there is no TIN, then it can be obtained from the tax office.
It is important to pay attention to 2 nuances when starting a business:
If the business is opened by a non-legal owner, then you need to provide a copy of the passport, certified by a notary.
If a business is opened by a foreigner, you need to provide a document on a temporary residence permit.
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