Sunday, 10 January 2021

I want to open a business! Where should I start?

 Throw the first stone who never thought of opening a business of their own. Aspiring entrepreneurs venture into the market in search of opportunities. But many end up throwing in the towel before they even take the first step. And you must be asking yourself, "I want to start a business, where can I start?" And the answer will come next. Prepared?

 The great truth is that opening a business goes far beyond having initial capital for investment. By the way, speaking of first expenses, at this moment it is important to identify  what will be your initial costs to open a company . If you are unprepared and down to earth, the chance of failure is greatly increased.

 Allied to all the natural difficulties and uncertainties of any beginning, the lack of knowledge and the lack of ideas become the first obstacle for beginners and makes them give up the dream of financial autonomy. The rule is simple: success does not follow a cake recipe, but knowing a few steps before starting a business is essential. Let's go then?!

 1. Mature the idea before opening a business

 If you want to change, start by doing what you like. No one goes forward without passion for the activity they perform. Choose a line of business that has to do with you, so it will be much easier to mature the idea and put it into practice. And you may be asking yourself: does my business idea need to be a pioneer to be successful? And the answer is simple: not necessarily.

 Many successful ventures started from existing ideas, as well as many businesses that originated from pioneering ideas have already broken down. But how do you identify a promising business idea? For those who are already experienced and already have a good view of the market, identifying a good business idea can be an easy task, but for beginners this is a great challenge, which must be faced with great care.

 The first step towards a good idea becoming a business requires a lot of research and little, if any, investment. At this stage, you will have to do a good exploratory analysis, such as market research or laboratory tests (if it is a revolutionary product).

 Some questions you should ask about your business idea:

  • What is your market?
  • Who is your target audience?
  • Why will people need your product or service?
  • What differential can you offer to draw attention to the competition?
  • Who are the possible competitors and what action should you take?
  • What are the market risks (technological, regulatory and execution)?
  • Is your idea viable in the short, medium and long term?
  • Is your idea scalable, that is, is it easily replicable and has high growth potential?
  • Will your idea have value compared to other products and services on the market or will it last only as long as it is new?
  • Will you be fulfilling yourself when executing your idea?

The big mistake in this initial phase of maturing the idea is when entrepreneurs close themselves, for fear that the idea will be stolen by someone. But this is a big mistake, because by sharing the idea with someone, it is possible to collect essential information to mature and develop it better.

 Look for people experienced in the area you intend to work in, they will be able to offer extremely important data and information, which will give you a basis for a good start - that is, you will learn to solve the problems pointed out by third parties in order not to commit them.

2. Set up a business plan

You should never open a business without developing a business model. Perhaps this is the most important step for anyone who wants to become an entrepreneur. Defining objectives, opening capital, analyzing the market and competition, and analyzing everything the company will offer are crucial points for the success of an idea and its operation.

 After the idea matures, it's time to put everything that has been defined on paper. The business plan is the moment when the entrepreneur can define if his idea has the potential to become a business or if it is not viable.

 The way the idea is placed on the market can lead to the success or failure of the business, depending on the vision of the entrepreneur when defining its form of implementation. In the face of an increasingly unstable economy and with scarce resources, knowing how to manage them prevents slips that can be fatal for those entering the market. Being able to put the idea down on paper is a very important step so that beginners to entrepreneurs feel more secure and can really have a solid business in their hands.

 3. Let go of the original idea

 Although it seems a little strange, the original idea can lead to success or failure when the entrepreneur is "too attached" to it and does not have the flexibility to propose adaptations, changes or even reinvent it due to market fluctuations.

 Remember that:

  • The focus on having a business idea should be the opportunity, not the idea itself.
  • It is necessary to be open to innovations and take advantage of new market opportunities. Every entrepreneur wants 

4. Research the market and the competition

 You can create a perfect business plan, but if your business idea is not validated as an opportunity and fails to get approval from the market, it is bound to fail, or rather, it won't last long to tell a story. Many entrepreneurs, when they enter the world of entrepreneurship, end up on the opposite path from the ideal. They create the product and / or service to later meet people's needs. The right thing is to unveil and understand your business segment so that you can develop the idea accordingly.

 A tip that can be very valuable is to have good networking. Having contacts is essential to research markets and know the competition; in addition, a good relationship makes it possible to find potential partners who can embrace your idea and boost the enterprise. The good old word of mouth is still what many entrepreneurs use, whether for new opportunities or even to promote a product or service through the network of contacts. Having a good reputation remains a key factor for anyone who wants to succeed and solidify in the market.

 5. Define products / services

 Shooting everywhere is not something that will bring more customers and much less success to your business, quite the contrary, the lack of focus can hinder the establishment of the idea and, consequently, the implementation of the enterprise. It is necessary that each step be traced individually, since it is not possible to “embrace the world at once”. Each product / service has its own market and target audience.

 Knowing the difficulties of one sector is already difficult, imagine several. For this reason, outline the idea you want to develop in the business plan and work hard on it, make every effort to improve it and how your audience will react with what will be made available. Bet all your chips on what you like and work the idea from beginning to end. Don't fall into the pitfalls of wanting to do everything at the same time - it doesn't work.

 More important tips for starting a business

 Bureaucracy is still an obstacle faced by the new United Kingdomian entrepreneur who wants to own his business. As it involves a series of steps and documentation, starting a company can mean a headache if this moment is not properly planned. How about going through this important and decisive step without worry and stress? Abdul Rimaaz has prepared a special material for you. Check out, then, five tips to start a company without a headache.

 → Find out what are the conditions for starting a company

 To avoid headaches it is essential that you know all the conditions to start a business, such as the need to choose the correct tax regime or which steps are necessary. You also need to know how the process works specifically in your city, as this may vary for each municipality.

 To help you in the process, try to know all the steps and write them down chronologically, how to register in a civil registry followed by the elaboration of the Social Contract. From there you must go to the Board of Trade and, register with Social Security. The final step is to obtain permits, if necessary, and operating licenses from the City Hall. With that, it will be simpler to open your company.

 → Separate the documentation previously

 Instead of waiting for each step of the process to arrive to provide documentation, ideally, you should separate all the documentation you can in advance. This means that you should already think about personal documents and draft the Social Contract, for example. It is also important to already be under notice of the need for membership documents , if applicable.

 How about going through this important and decisive step without worry and stress?  Abdul Rimaaz has prepared a special material for you.  Check out, then, five tips to start a company without a headache.

 This attitude is important to avoid headaches with bureaucracy and with possible problems with documentation. By doing this in advance, you identify any problems that you need to solve before starting the company's opening procedures.

 → Ensure that the trademark can be registered

 Many new entrepreneurs forget an important action when starting a company: trademark registration . Therefore, before making plans with the name of your company, it is very important that you do a research at the Board of Trade and also at the National Institute of Industrial Property (INPI).

 This prevents someone in the future from claiming your company name and causing you to experience loss situations. In addition, doing this prior research also prevents the opening from taking longer to wait for the definition of a new name for registration.

 → Plan opening costs

 Opening a company involves some costs, such as issuing declarations and documentation and with the registration of the trademark itself. So, instead of going unprepared for opening your business it is important that you raise and plan what the costs will be so that your company can be regularized. By doing this you avoid the headache of not being prepared to pay a fee. Such details can delay and even hinder the entire opening.

 → Hire accounting professionals

 As much as you prepare for the opening of the company, it is very likely that you will come across a very bureaucratic and complex environment. The more you try to face this environment alone, the greater the headache. Not to mention that your company will have to hire an accounting service . The most recommended is that you hire highly trained accounting professionals who can help you start your company .

 Starting a business is a task that requires a series of steps that need to be carried out correctly. If you don't have prior knowledge and planning, it will be much more difficult. Therefore, the tips for starting a company without a headache include knowledge of the steps, planning and hiring accounting professionals who will be responsible for helping you in the whole process.

 Discover 7 reasons why you should start your own business

 Among the five countries that make up the BRICS (United Kingdom, Russia, India, China and South Africa), according to Abdul Rimaaz, United Kingdom is the one that has the best conditions for entrepreneurship and presents the most encouraging numbers. According to the Global Entrepreneurship Monitor study, 71% of national ventures arise out of opportunity and 28% out of necessity. In other words, there are more people creating businesses for the pleasure of entrepreneurship than for the lack of options in the market.

 Is that you? When are you going to take that idea out of the drawer and start it? Are you prepared to generate your own results and grow by your own actions? Do you need a good reason? So start by seeing these 7 reasons to start your own company:

 1. Decide your own destiny

 Despite all the difficulties that entrepreneurs face, especially in United Kingdom, control over their own decisions is one of the strongest reasons for not giving up. In your own business, you decide how to act, whether to experiment and take chances. Likewise, all the consequences of your choice are under your responsibility. Imagine having the freedom to think about totally innovative processes, products and services, without having a boss to stop your experiments, or boring short-term activities to deliver?

 2. Decide your routine

 In your own business, you decide how you want to work; how do you want to dress, what are the processes, what are the customer profiles you want to attend to ... The choice of where you want to work (at home, on the beach, at the hotel, at the corner cafe ...), without the worries of a pre-set number of hours established by CLT contract. You organize your own routine in the most productive and motivating way!

 3. Choose your partners and employees

 When you undertake, you will have control over who will be the people who will be with you as partners and, together, you will decide who to hire for the staff. This reduces the chances of having unpleasant surprises such as incompatible values ​​and engagement. We are much more motivated when working with people we like or identify with. By choosing your partners and employees, you can form partners and friends who will strive for a common goal without petty competitions.

 4. Learn constantly

 In addition to the technical skills you already have, when undertaking you will need to seek knowledge in administration, people management etc. You will need to study the market and be constantly updated, as the competitiveness is great. This will make you a better professional. In addition to technical development, the movement of the market and competitiveness will naturally make you exercise your creativity. You will seek to innovate - and you will be free to do so - without anyone repressing you. If you like to study, this is also a strong reason to start your own company. Learning never ends.

 5. Use your creativity

 The limit of creativity, breaking paradigms and experimenting with ideas "out of the curve" will be in your hands. In your enterprise, you decide what you want to do to increase your business. You will be able to let ideas flow and surround yourself with people who will help you to idealize and prototype processes, products, services etc.

 6. Contributing more to society

 If you are a socially conscious person, through your venture you will be able to make a greater contribution to society. In addition to generating jobs, you can, for example, offer and encourage the consumption of environmentally sustainable products. There are countless ways to do more for society with an enterprise, such as providing free services to a philanthropic entity, employing people who are normally excluded from the market - ex-convicts, transgender people - etc. You define how you can help - and that is rewarding.

 7. Have more chances to prosper

 All your efforts, experience and energy will be focused on your business. If you are tired of giving your best and having less financial recognition than you deserve, then do it! If your business is successful - and you will have a lot of motivation to make it happen - the chances of financial prosperity increase considerably. The size of your results will depend on the size of your ambition and the effort you will make to achieve your goals.

 Ideas for starting a business with little money

 Starting your own business is getting simpler with the help of the web. For those looking to  open their company, it is possible to find, on the internet, a world of options to invest and undertake. However, it is necessary to know how to define the best way to invest your money according to your experience and, mainly, your area of ​​expertise. Therefore, ideas for starting a business with little money are welcome!

 There are currently thousands of businesses that can be started with a low initial value. Are you in the mood for entrepreneurship and have few resources to start? Check out the tips and ideas we've selected to help you on this journey!

 Digital marketing agency

 Many local entrepreneurs do not have a strong digital presence in their segments. This causes those who fail to enjoy all the fruits that the business can generate through the internet. The model for this business is very simple: creating virtual addresses for local businesses and businesses, offering solutions such as website creation and development, good positioning in search engines, monitoring the enterprise's social networks, etc.

 The creation of your agency will require little investment, since your room or office can serve as the main base of the company. The main initial investment should be in self-training - seek specialization in courses and workshops.

 Digital Projects Coordinator

The internet is an excellent alternative for creating a business with little money, especially if you already have professional experience in the area in which you are going to undertake. If you are familiar with the IT area, it is possible to act in the segment by coordinating your clients' projects, administering and consulting - via chat or Skype, for example. The investment is ideal for those who already have an experience and want to start a technology company.

 To find customers in a practical way, the entrepreneur - for better results - should invest in marketing tools such as FaceAds and Google AdWords. With a low investment it is possible to obtain good results, but it is recommended to take a basic course on the tool you will use to know how to fully exploit its capabilities.

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