When planning to start a small business, there is a great desire to do and we can not wait to leave. But beware: the initial enthusiasm can give way to disillusionment and hurry can lead to more or less serious mistakes. Before launching yourself in the company, take all the time you need to make the necessary assessments: the idea that whirls in your head may prove unrealistic or unoriginal. And the costs that you had budgeted far removed from those that you will have to support. Do not despair: it happens to anyone with little experience in the business field. Therefore, if you are thinking about giving substance to your project, you must surround yourself with the right people, keep audacity at bay and proceed calmly and reasonably. Committing yourself to understand what you really need and what you can, however, give up.
What is needed and what is not needed, to start a small business
Let’s start by saying that everything depends on the type of project you want to carry out. If you think big and want to start a business that wants to conquer an important slice of the market, you will – almost certainly – join forces with someone else. And equip you with everything you need to tackle such a burdensome and demanding business (saving money in these cases may not be your priority). If you are, however, thinking of giving body to something smaller, you can certainly do without a couple of things:
an office. Your small business could start from home , allowing you to cut costs on renting and setting up spaces. Everything depends, of course, on what you want to do: if you need a simple location and an internet connection, your home will be just fine. At least to start.
the employees . Your idea could be great, but simple to manage and implement. If you think you can do it yourself, do not delay. This is not about being presumptuous or suspicious, but trying to manage at best your starting budget (especially if it is limited). If you realize you have shortages in some area, you can turn to temporary employees, but avoid recruiting resources that you can not afford.
And what do you need instead? What do you need to start a small business?
a current account. Opening a bank account is a real necessity. Without it, it will be impossible to manage the receipts and payments that you need to prepare to get the business going. The advice is to open one specifically for the company and to distinguish it from your personal current account;
a business plan. No matter how small your project is, before launching it in the enterprise, you will have to define a business plan in which to detail the legal form you have chosen (there are many: from the sole proprietorship to the limited liability company to the limited partnership , just to name a few), the purpose of your business, what you intend to do and how you plan to do it. Transferring your intentions on paper and describing the methodologies with which you hope to realize your project is an indispensable step;
authorizations and licenses. Eye to the bureaucracy: when the idea of starting your small business has definitely taken shape, inform yourself about what you need to have, to open its doors. Which authorizations or licenses do you need? What are the times to get them? Starting a business is not a trivial matter (even if you choose to run it from home): get yourself on all fronts and do not run unnecessary risks.
expert advice. It is something that those who try to save as much as possible do not take into due consideration, but that can make the difference. When you “set out” with an activity, you never know where you can get there. And very often, you do not have all the information that allows you to get off on the right foot. For this, it is important to ask for help from consultants and experts who will show you the way to follow in the tax and legal fields (you can perhaps do without an accountant, but hardly an accountant). Not to mention those who are already there: to compare with those who, before you, have experienced on their skin the effort to give life to their business design can be salvific. The right advice and warnings can help you navigate at full speed.