Tuesday, August 2, 2011

How to build your business. Start ...

Create your own business - a thorny and difficult path. On such a serious step will venture far from everyone, and this is understandable: his own business requires absolute recoil forces, means daily, hourly labor, and does not tolerate laziness and dilettantism. However, if a novice businessman knows what he wants, sees the goal and is willing to endure temporary hardships and inconveniences that may lie in wait for him at the beginning of a long journey to financial independence - a success in business is almost guaranteed. For a man who has never worked "for themselves," the task of creating their own business at first seems impossible. But as they say, "my eyes are afraid, and his hands - do". The first step in creating a business structure is the determination of the actual business idea. In other words, you must determine what kind of activities will be key to your business. There are many possible directions, each of which has its own advantages and disadvantages. In addition, it should be a sober assessment of your real financial opportunities in the establishment phase of business in respect of capital and the first operating costs. The main thing - not for a moment tolerate the idea that the company will pay off immediately, and will make a profit, which will be the very first months of work with a vengeance to cover all necessary operating expenses. This is - an ideal option, leaving him with the role of "pleasant surprise", which, however, has little chance to occur. For the same reason, it should be with extreme caution about the use of borrowed funds for business development, as the case may not go quite as you imagine that at the beginning, and the chance of being in debt is not so minimal. For example, for companies in manufacturing, capital investment can be considerable. A large share of expenditure in this case will be allocated to the purchase of fixed assets: the purchase of buildings, structures, equipment for production. An alternative to buying can be a rental or lease of all or part of the total needed to start production. Both these cases should be analyzed and comprehensively assess the possible risks. For the services sector capital investment can be minimized, again, everything depends on the particular activity. If, for example, the company will be engaged in printing and printing services, you can avoid buying expensive equipment, send a business organization in such a way as to use the system "perezakazov", that is proper technical execution of the order (print) to assign to a third party on a contractual basis, doing only collecting orders, design and prepress processing them. But in any case, you can not do without the cost of renting office premises, staff salaries, office furniture and equipment. For these purposes, although some of them and is not capital and operating costs, should be the initial reserve, as "promotion" and the return of the enterprise, especially in today's competitive environment, there is not at once. For the enterprises of trade, that is, roughly speaking, the earnings on resale, are also required initial investment, the size of which depends on the scope and object of trade. In any case, it is necessary to take into account future costs for premises, staff, business equipment. Even if you plan to sell your products without the retail space, realizing the concept of an online store, need to invest in creating a competitive market participant - will require investments in the creation and promotion of relevant web resources, transportation and advertising costs, paying the staff. After determining, in general, the direction of future business and financial assessment tools that you are willing to invest in it, you should write a detailed business plan. This step should not be ignored, even if your business is not intended to be a highly profitable. The business plan is necessary, first of all, in order to realistically assess the prospects for planned enterprise, and avoid surprises in the process, was not a result of the owner of the money-losing enterprises with a mass of debts. Writing a business - the plan can be accessed either by professionals, it is preferable, though, and requires additional funding, or write it yourself. However, it should be understood that the creation of a literate, high-grade business plan for the organization requires a detailed study of the subject - will require knowledge of the nuances of the industry, methods to assess financial risk, the analysis of competition in your area of ??banking products offered for business development and many other things, without which the concept of the development of your business will be incomplete. After writing a business plan and determine with the help of a sequence of actions to develop and start their own business, you are ready to work. The case for "small" - to embody everything that is painted in detail and counted in a business plan, a real enterprise. To do this, except enthusiasm and a great desire to work, requires some special knowledge. As a minimum, you need a good understanding of the industry of your company, whether trading computers, sewing the coat to order or legal services. This is required, a business owner needs to know it from within, from scratch, with the smallest, seemingly aspects. Only in this way guarantee success. In the second, but equally important, a place of importance, is a basic knowledge of accounting. Not rely on what you will hire an experienced accountant and will not know the problems. With the advent of an accountant with your shoulders shall the duty of the formation and delivery of the reporting, payroll, revenue and expenditure accounting organization, calculation and timely payment of taxes. But the responsibility for the organization and the people who work in it, the financial responsibility for everything that happens in the enterprise - will remain. This responsibility will be entirely on you. Therefore, knowledge of methods of accounting, administrative, labor and tax laws, you will be vital. In summary, we note: would-be entrepreneurs should not rely on the knowledge that everything will come with experience. In anticipation of the valuable experience you can have time to make many serious mistakes, the correction of which can be expensive. Far better and cheaper to learn from others' mistakes and examples, this feature provides additional education and self-education in their respective fields. Time spent on the basics of accounting, personnel and business management theory now will pay off many times and will minimize the potential problems a young company and its owner.

No comments:

Post a Comment