The idea of business, competition, relations with collaborators is there and then the banks, the taxes, the turnovers.
Strategies to start our own business
- How many times, after a stressful day at the office, have we thought about starting a business without leaders?
- But then we stopped in front of a thousand questions.
- How do I find an idea?
- Where do I get the money back?
- How do I make myself known?
The answers can be found in the book
Look for the idea
Clear your mind, doing small jobs, maybe whitewashing your house, to start from a fresh and clean physical place. The idea can come at any time, so buy a notebook and always keep it with you. With the use of the Central Dynamics, you will be able to have the best deals. You need to be sure about the process there. This is the reason that you will be able to have the best options in business here.
Investigate the competition
Some companies publish financial statements, organization charts, and reports on the Internet. You can also take a look at the competitors secretly, putting what they offer to the test.
Prepare a concise but complete business plan
Anyone who reads it must trust you. Define goals and potential for success, with figures for turnover, profits, and customers.
Determine if you are solvent
The quick ratio is the simplest accounting data to calculate, and perhaps the most important. It is equal to the total of the money you owe the most to those you have in the bank, divided by the sum you owe your creditors. So, if your debtors owe you 10,000 euros, you owe 2,000 to the bank and 4,000 to the creditors, your quick ratio is (10,000 – 2,000) / 4,000 = 2. If the index is above 1, you are solvent.
Don’t forget about taxes
There is VAT on purchases and turnover. Quarterly tax payments must be made. VAT can strengthen or damage liquidity. And, delaying the payment of taxes or contributions you deduct from your employees’ salaries is a thoughtless choice.
Emphasize the benefits of the product, even with the name
Choose the colors of the brand well: green refers to the environment, red to aggression, and blue to cold. Register the trademark at the Chamber of Commerce.
Choose direct sales
When few orders are enough to reach the goal;
When the product-service is complex or tailor-made;
When you operate on a local basis.
Use a distributor
In this way you reduce the risk of finding yourself with outstanding debts. A distributor must be paid by all customers. And when he succeeds, reward him.