A little thinking before opening a small business
If you're thinking of having your own business, you got to think everything from capital, equipments, manpower, and marketing.
Capital: How much would you need to prepare to be able to start your business? How much do you need to buy or lease equipments? How much do you need to be able to sustain salary of your people within a few months of starting the business? How about office rent, tax and all the monthly bills?
Equipment: Should you buy necessary equipments, or sign up for a small business equipment lease? How about the taxes involved when buying or leasing the equipments? What are the equipments you need?
Manpower: Can you be a one-armed business, or you need to hire people to work for you? Try to think all the jobs and deliveries. Hire a handful of people while just on the start up. Add more people when needed.
Marketing: How and where should you advertise your product or service?
Capital: How much would you need to prepare to be able to start your business? How much do you need to buy or lease equipments? How much do you need to be able to sustain salary of your people within a few months of starting the business? How about office rent, tax and all the monthly bills?
Equipment: Should you buy necessary equipments, or sign up for a small business equipment lease? How about the taxes involved when buying or leasing the equipments? What are the equipments you need?
Manpower: Can you be a one-armed business, or you need to hire people to work for you? Try to think all the jobs and deliveries. Hire a handful of people while just on the start up. Add more people when needed.
Marketing: How and where should you advertise your product or service?
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