How to start your own business: a step-by-step implementation of an idea
A person who took the risk of starting a business from scratch conflicting feelings. On the one hand, he seems to be a madman who risked taking this serious step in our difficult times. On the other hand, his act and decisiveness inspire respect and envy. Today you can find a huge amount of information on how to open your own business, which will enable a businessman to prosper and develop, have financial independence and public recognition.
In general, an increasing number of people are changing their "sovereign service" for their own business, that is, they open a private business. Its advantages are obvious:
- a person gets the opportunity to do what he loves;
- work without a boss;
- there is no threat of layoff or dismissal;
- Financial independence.
So that starting your own business does not remain in dreams, but becomes a reality, you need to know a few rules.
Business idea
Any business starts with an idea. Before starting your own business, you should think carefully about what you would like to do and what knowledge and experience you have.
Experienced entrepreneurs say that in order to formulate a business idea, you need to take a piece of paper and write down the ten options that come to mind. This is called brainstorming. Then you need to evaluate each option, describing its "pros" and "cons".
Niche selection and market analysis
It is important to choose a niche wisely and analyze the market. At the stage of development, it is not recommended to choose goods or services unknown to people, but it is necessary to be ready to face high competition. Therefore, a thorough analysis of the market will help with the selection of a profitable niche.
Drawing up a business plan
Drawing up a business plan is one of the most important components. It will help you to really assess your capabilities, outline the intermediate and final result.
The business plan consists of the following points:
Table. The main points of the business plan
| Start | Here you need to describe the main activity, the end result and the likelihood of losing money. |
| Niche description | Clearly stipulate a product or service, who can use it, in which regions it can be offered. |
| Market analysis | Analysis of the economic situation, the number of competitors, planning of promotions. |
| Business organization plan | Plan the stages and timing of each stage. |
| Budget planning | It is important to calculate all the necessary costs, take into account one-time and recurring costs, calculate the break-even point when the minimum sales cover the costs of the business, and all the rest are profitable. |
| Description of the end result | A detailed description of the expected results, business expansion or work in other areas. |
Registration with government agencies
Business registration is a mandatory procedure After deciding on the type of activity and drawing up a business plan, you must register as an individual entrepreneur or LLC. By registering in one of these areas, we decide on the legality of doing our own thing.
Note! Illegal conduct of your own business entails criminal liability.
The next step is registration with the Pension Fund, MHIF, FSS, Rosstat. Here you need to collect a standard package of documents:
- original / photocopy of the passport;
- original / photocopy of TIN;
- a document confirming the presence of registration with the tax authority with an extract of the selected OKVED;
- paid receipt of state duty;
- a statement on the selected taxation system.
You can go through the procedure for processing all the necessary documents yourself. But some novice businessmen prefer to contact special firms dealing with these issues.
Choosing a business location
If you plan to open your own business on the Internet, then the site will take over the role of a virtual office. To do this, you need to create it. This can be done both independently and by contacting specialists. You will also need to purchase a domain and hosting.
If your own business is planned offline, then you will need to study all the specifics of its opening. So, a business in the service sector involves working from home and communicating with customers on a mobile phone. Here you need to rent an office. If this is trade, the premises should be chosen in a shopping center or near it. For your own production, it is best to choose an industrial zone within the city. The office should be in the same place. This will allow you to constantly monitor the progress of work.
Necessary equipment
After a novice entrepreneur has decided on a place, it is necessary to purchase the equipment necessary for running a business. Here, the minimum costs are determined by the chosen service sector.
- To open a retail outlet, you need to purchase showcases, refrigerators, scales and other necessary equipment. Some start-up entrepreneurs buy used equipment in order to save money. This is an extremely unreasonable decision, since the quality and durability of such equipment cannot be sure.
- For your own production you need to purchase a whole line of equipment.
- Organizing your business on the Internet, in this regard, is somewhat easier. It does not require special premises and equipment. But if we are talking about opening an online store, then in the future it will be necessary to rent a warehouse to store goods. Suppliers of goods can be found on the Internet.
Advertising and promotion
It's the same with online business. Internal and external website optimization is necessary for the development and maintenance of your own business.
Recommendation! Promotion also plays an important role. For a client to become a regular and tell his friends and family about you, you need to give him more than he expected. For example, when buying a product, you can give a gift or a small discount.
Total costs and total profit
The costs of starting a business need to be calculated in advance. Cost is the amount of money spent by a person to organize his own business. They are subdivided into one-off and monthly.
Table. One-time and monthly expenses
When calculating the maximum amount of one-time costs, we get 183,000 rubles. This is the minimum required to open a business “on the ground”.
If you start an online business, then, according to experts, you can keep within 100,000 rubles, since the cost of purchasing equipment is excluded.
Monthly costs will range from 29,000 to 200,000 rubles, depending on the type of business, the number of employees and the area of the rented premises.
Also, on a quarterly basis, you will need to submit a report to the tax office, pay taxes and contributions to the Pension Fund.
A classic business pays off in about a year and a half if you have a well-organized advertising campaign. An online business pays off much faster, since the costs of opening and maintaining it are much lower.
How to start your own business? You can engage in the provision of a certain category of services. You can work here both independently and in tandem. A good choice is the resale of services (intermediary activity).
For example, you have a law degree and plan to provide services in this category. To learn the specifics of a business from the inside, it is worth working for a while in a company engaged in such a business. This will provide an opportunity to understand all the intricacies of the organizational process and, just as important, to build your own client base.
Starting any business requires start-up capital, since even the simplest business will require a small advertising campaign. It is impossible to exclude expenses for some organizational issues. The minimum amount that must be "on hand" is one thousand dollars.
To make sure using a vivid example that starting your own business, becoming a successful and independent person is not a dream, but an accessible reality, we recommend watching a short video.
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