Seven steps to start a company!

It is true that many companies have been established after careful consideration and careful planning, and there may be just as many companies that have been established almost overnight. Some people are eager to try their independent jobs, but have been dismissed before they have done so. Although they can cope with their tasks for a while, their future development can only be resigned.

Similarly, many companies initially planned to run a certain business, but eventually made another completely different project. Of course, this does not mean that the careful planning before the founding of the company is useless-this view is obviously incorrect, but points out one of the basic tips for enterprise success-high flexibility. For example, a few years ago, Microsoft had no plans to enter the internet, but they soon realized their stupidity and adjusted their focus almost overnight. This is an example worth learning.

The seven basic steps for creating a company are as follows:

Step 1: self-evaluation

First, evaluate your situation and situation. Why do we need to do business? Is it because of money, freedom, creativity, or other reasons? What skills do you have? Which industry do you know better? Do you want to operate products or provide services? How much capital will be injected? Is it a full-time or part-time job? And so on. The answer to these questions will help you narrow down your scope and focus on choosing the industry you want to operate.

Maybe you don't know which industry is suitable for your thoughts. If so, you can get a prompt in many places. Turning over the Yellow Pages of the phone, attending trade fairs, purchasing commercial magazines, checking with the Small Business Federation, and reading the commercial version of the newspaper will help you find the industry that suits you.

Step 2: analyze the selected industry

Once you have set an industry that matches your life goals and lifestyle, you have to consider your ideas further. Who will buy your product or accept your service? Who will be your competitor? At this stage, you still need to calculate the initial funds.

Step 3: make the company legal

There are many ways to build a company. You can operate, associate, or cooperate with others on your own. As I have mentioned many times before, although the joint venture has a large upfront investment, it is definitely worth a bit. The joint venture is an independent entity and is responsible for the legal liability of the enterprise. In case of any situation, the individual will not assume any legal liability.

At the same time, you must apply for the relevant business licenses and licenses. Different cities, regions, or countries have different requirements for different industries. Different licenses and certificates are required. In this case, you can apply for insurance for the company and find an outstanding accountant.

Step 4: Draft a Business Plan

If funds are raised elsewhere, the business plan is absolutely necessary. However, even if you plan to invest your own money, a business plan will help you understand the funds you need, what else you need to do, and when the company will start and develop towards that aspect.

Step 5: Raise funds

Based on the size of the company, it is determined whether to raise funds from "Angel" or venture capitalists. Many small enterprises start with credit cards, personal loans, and household funds. According to the practice, in addition to the initial funds, you also need to prepare a daily income and expenditure budget of at least three months.

Step 6: build a plant

Determine the location, discuss the lease, and purchase materials. Install phone number, print letterhead, hire employees, and set the price. Don't forget to hold a grand opening ceremony.

Step 7: Test Operation and discover vulnerabilities

After a period of operation, you can know which practices are advantageous and which ones are not conducive to the company's development. The plan should be followed, but it should be open-minded and innovative. Vigorously advertise! Don't worry about making mistakes. The most important thing is to enjoy business. After all, running your own company is one of the greatest happiness in life.