7 Things to Know Before Starting a Small Business
By KeeVurds Desk
Starting a small business is a very exciting journey. But, it is important to be prepared with these things shared in the next slides:
You should have a solid business plan before starting the business itself. Your business plan should cover all the major details.
Plan your finances before starting a business. You should have details of costs involved, revenue model, and your runway.
Choose the right business structure as per your requirement like LLP, Sole Prop. Private Limited, or a single person company.
Understand all the legal compliance that you need to follow in your industry and get all the relevant processes completed.
Understand that it will take time to get initial results from your business. Thus, have a plan to market it effectively to get started.
Do not get discouraged if you see no to less results for the first few months. Building a successful business takes time.