how to start a business

become an entreprenuer

STEP BY STEP INSTRUCTIONS

Remember, setting up a business can be a complex process, and it's important to seek

professional advice and support where necessary.

Your business idea should be clear and well-defined. Create a business plan outlining your company's goals, target market, financial projections, marketing strategies, and more.

DEFINE YOUR BUSINESS

Decide on the type of legal structure for your business, such as a sole proprietorship, partnership, LLC, or corporation. Each structure has its own advantages and disadvantages, so research which one best suits your business.

LEGAL STRUCTURE

Register your business with the appropriate government agencies and obtain any required licenses and permits. This will vary depending on your business type and location.

Determine how much money you need to start your business and consider your funding options, such as loans, investors, or personal savings.

SECURE FUNDING

Determine where you will run your business, whether it be a physical location, online, or both. Consider leasing or purchasing property, setting up a website, or creating a social media presence.

BUSINESS LOCATION

If necessary, hire employees and create job descriptions, employment contracts, and employee policies.

HIRE EMPLOYEES

Create a system to keep track of your finances, including income and expenses, taxes, payroll, and more.

ACCOUNTING

Launch your business and start marketing your products or services to your target audience.

LAUNCH YOUR BUSINESS

Evaluate your business regularly and make any necessary adjustments to ensure it continues to grow and succeed.

EVALUATE AND ADJUST