There’s way more to starting your own business than being your own boss, setting your own hours and answering to nobody but yourself.
And depending on the type of business you’ll be running you have to consider business cards, a website and registering your business.
So much to do and where do you start, well at the beginning here’s a list to start you on your journey of what you need to start your own business.
Determination
Starting your business is not just a 9-5 job. It’s endless hours to put in the work to get it up and running, focus, discipline, time, money, patience, research and you might even have to say goodbye to your social life. If you feel you have the perseverance for all that then you just maybe able to do it.
Another is financing (especially if you don’t have the money yourself)
Therefore start small you may have big plans for conquering the local and national market, but it’s impossible to achieve this right away. That’s why it pays off to down scale your plans so that they match the amount of finance which you can obtain.
Make a loan application
Even if your chances of qualifying are low, you should give it a try.
Make applications to several lenders at once
This will give you higher chances of getting a business loan and save you time as well.
Use your business plan to support your application
It has to be comprehensive, concise and well organised. You have to be able to explain every detail to the lender.
Help budget yourself properly
By speaking to financial advisor, as you need to pay yourself through this business and still live. Therefore bear in mind your costs of bills that need monthly payments.
Follow the law guidelines for your business
By understanding what regulations, licenses and taxes you will need to follow, obtain and pay for your new business.