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Starting a business: step by step guide

I present to you the complete guide to setting up a business a synthesis of the articles that i have published in recent weeks on the blog about the most important aspects and the processes that you need to know if you want to know how to start a business this guide takes the analyzed steps one by one with a brief summary of each point and a link to the detailed article in the section title i hope it can be of great help to you so that you can create your company 1- find the idea to set up a business idea to start a businessfirst you have to know that an idea is worthless what matters is the implementation that is how it is started something that depends mainly on the team in charge of the project a good idea has to respond to a real need and provide that little extra that a customer is willing to pay for in other words it has a potential for profitability it is highly recommended that your idea fits what you know how to do to be effective and innovative and that it is something that you like i would even say more that you are passionate about because you are going to spend a lot of time working on it 2- search for entrepreneurial partners search for entrepreneurial partnersor how to start a business in good company you have every right in the world to want to start a business alone but finding partners has many advantages especially to complete your profile in aspects that you do not control management or commercial aspect technical aspect etc if you choose to work as a team be very careful to look for people who share your business goals your values and who you can trust and dont think that friends are always good partners the professional environment is governed by other priorities 3- the business model business modelthe design of the business model of your company is a fundamental stage it is about turning your idea into a process that generates income and benefits in other words how you create value i recommend reading the detailed article in which i give you some definitions of the concept i talk about the business model canvas so fashionable lately i insist on the most important elements of the design of your model and i give you some examples of systems that they were successful 4- how to obtain financing to set up a business how to get financing for a businessthe initial investment is usually one of the main brakes when starting a business obtaining financing can be somewhat complicated and to help you i have prepared an article that details the different models internal financing debt capital or grants and donations as well as the main actors that can contribute money entrepreneur friends and family crowdfunding commercial banking public banking and guarantee companies venture capital companies business angels 5- how to convince an investor or a bank how to convince an investorknowing how to set up a company has a lot to do with learning to sell your project to others if the previous article explains where you can go to find the necessary money to finance your project in this i make some recommendations to be successful in your applications i explain the importance of preparing a business plan to be clear about all aspects of your project it is also essential that you take care of the form as much as the background giving a professional image at all times and speaking in the present better than in the conditional another point in favor is that you invest your own money even if you have little i also detail the differences between talking to a banker who only lends you money and wants to make sure that you are going to repay the principal and pay the interest and talking to an investor whose objective is to maximize the return on your investment in the latter case you will have to take great care from the beginning of the conditions of collaboration with your capitalist partner 6- how to get clients how to get clientsactually and although i have put it in the sixth section of the guide getting clients is what comes immediately after having defined the idea and the business model having convinced a few consumers to buy your product or service is the best weapon to convince potential investors in this article i insist a lot on the importance of being patient and persistent and of taking everything as a hunting party with some techniques that i detail once youve caught your prey youll still need to convince it and some of the advice ive prepared for you will come in handy finally i think it is essential that you organize a follow-up of the effectiveness of your commercial activity a common mistake is to spend a lot of energy on methods that dont work when a few adjustments can totally change your results 7- self-employed or society the choice of legal form autonomous or companyin spain sooner or later the future entrepreneur faces the question of starting as an individual self-employed entrepreneur or setting up a company i have prepared an article that reviews the advantages and disadvantages of each legal form according to various criteria administrative simplicity limited liability tax advantages and the aspect of capital transfer as you can imagine there is no fixed answer depending on the type of business one way or the other will suit you better 8- choose the name of the company choose company namefor some businesses it is a fundamental choice for others it is of more limited importance but your company name is usually the first thing that your future clients and other business partners see and therefore it is always wise to stop the time necessary to reflect on what you are going to call your company you are going to want to find a short name easy to remember positive if it is possible that it reveals what your value proposition is and that cannot be confused with other brands or have strange meanings in other languages in the article we talk in detail about various clues to find a good name for your company 9- hire an employee hire an employeein my opinion hiring the first employee is one of the most significant and enriching moments in the process of setting up a business just like closing the first sale or making the first profits in this article i detail how to choose the right person for the right position how to measure the profitability of a contract and i explain both the various administrative steps you have to take and the aid you can receive 10- find a place to set up your business find a placemaybe your business is open to the public or maybe you can just as well work from home in any case you will have to consider the issue of the location of your workplace i will give you some recommendations depending on the type of your business for example if you have a store the location is a fundamental factor and i will also give you some clues regarding administrative aspects such as the famous opening license the conclusion is a small analysis of the different types of owners with whom you can come across when negotiating a rental for your premises 11- how to find suppliers how to find suppliersyou would be very wrong if you limited yourself to thinking that with the entrepreneurial partners the clients and the employees you have defined the most important actors to do a business your suppliers are also very significant third parties and some of them become strategic and that is why you have to be especially careful when choosing them i explain where you can find those partners and i also give you some criteria to compare the different companies that may attract your attention the price is not everything once youve found someone to work with and before you sign its worth reviewing a few important things 12- the most common mistakes of entrepreneurs common entrepreneurial mistakesbefore launching i recommend that you review this list of very common mistakes to know how to start a business avoiding falling into the most well-known traps knowing those common mistakes will give you more options to succeed because i assure you that business life will confront you with many more difficulties that do not appear on the list things like starting a business in a sector where you have no experience falling in love with your idea wanting to start big losing focus not planning or not being reactive can lead to failure of a project that otherwise could have worked i have listed up to 16 frequent errors knowing them can help you a lot 13- reasons to set up a business reasons to start a businessit could have been the first article in the guide but i wanted to put it towards the end as an interesting reflection on your motivations for starting a business some reasons make sense and others are just gross mistakes i recommend you read this article to make sure you are really clear about what you want to achieve 14- you have set up your business and now that you have set up your businessif you have passed all the steps detailed in this guide it means that you have a company in running order but that was only the beginning the easy part of the adventure now you have to consolidate your project you will learn a lot and overcoming challenges will be a great source of satisfaction keep looking for clients stay focused build the image of your company day by day learn to rest and gain perspective measure your results surround yourself with positive people and other entrepreneurs look for systems to automate tasks and above all always keep the customer experience at the heart of all your decisions you have not come across this article by chance if you were looking for how to start a business and tips for setting up a company you are in the perfect place i have spent years publishing interesting content every week for all those who dream of starting a business i propose profitable ideas management tips and much more so dont hesitate and lets keep in touch you know you can add the blog to your favorites follow us on facebook or twitter or even sign up for our newsletter related posts all blog business ideas 100 motivational phrases for entrepreneurs debunking 10 myths about starting a business create a company steps post navigation 5 reflections from dov charney a social entrepreneur creative accounting this necessary evil 11 thoughts on setting up a business step by step guide carlos martinez says february 12 2022 at 1017 am at dawn i thought about looking for help i told myself that you already have many things the team the scalable infrastructure and the partner i just need to confirm if i am doing well or badly doubts or fears about whether to call them and that is why i looked for your publication there are other more complex aspects in society that i shouldnt pay attention to but i think about it from the area the indosyncrasy of people includes that envy and the malicious as well as security its great importance of all the senses seems very attractive to me the way you are introducing me to this despite having had other businesses where i failed i did not know the item for now this i love it and i like it i will do the steps that you have taught me i appreciate all the information

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