Successful cases of entrepreneurship have always attracted the public like a magnet, so more and more people have begun to embark on the road of entrepreneurship. But the road to entrepreneurship is a long one, with various difficulties and problems along the way. I have compiled for you the general preparations for starting a business. I hope you like it!

What are the general preparations for starting a business?

Entrepreneurship means starting your own business. It is an individual's full consideration of his or her own conditions and experience. The process of opening a small store, small factory, small service department, etc. after careful market research and preparation. Starting a business is like fighting a war. There are great risks. Only by knowing what you know can you win every battle without danger. You must be fully prepared. Entrepreneurship preparation generally includes three aspects: preparation of one's own conditions, determination of entrepreneurial projects, and preparation of entrepreneurial conditions.

1. Prepare your own conditions

Not everyone is suitable for starting a business, and not every entrepreneur can succeed! In order to succeed in starting a business, entrepreneurs first need to prepare their own conditions. ：

1. Understand whether you have entrepreneurial intentions

2. Clarify your entrepreneurial goals

3. Analyze your own professional psychological characteristics

< p>4. Participate in entrepreneurial skills training.

2. Selection of entrepreneurial projects On the basis of analyzing their own conditions and understanding entrepreneurial opportunities, entrepreneurs can make preliminary choices for entrepreneurial projects, that is, choose the entry point for entrepreneurship. Whether to run a repair shop or a processing factory; whether to open a hairdressing center or engage in software development; whether to open a shopping mall or operate a hotel; whether to operate independently or in cooperation with others. The correct choice is directly related to the success or failure of the business, the rise or fall. Therefore, entrepreneurs must first carefully study the current national policies, deeply understand them, and clarify which industries are encouraged to develop and which are restricted. Options must have development prospects, and great prospects must not be delayed by short-term behavior driven by interests. Secondly, you should choose socio-economic hotspots that you are familiar with. Thirdly, in-depth, detailed and careful market research must be conducted on the selected project. Because the initial selection of entrepreneurial projects is mostly based on one's own experience, interests, experience and general understanding of society, to fully understand its feasibility, risks and prospects, careful market research is also required. Through market research, you can learn about relevant stores or factories, the company's business area, site rentals, employee salaries, monthly turnover, profits, required equipment and equipment prices, etc.; understand the possible customer (customer) groups and understand them Possible quantity, distribution, cultural level, consumption level and consumer demand; to understand their competitors, entrepreneurs should know how many small stores, small factories and small companies of the same type are there in their future business scope, and how many small shops, small factories and small companies they occupy in their future business scope? How big is their market share, what are the characteristics of their business methods, and in what aspects can they meet the needs of customers, etc. On this basis, the selected projects will be evaluated and calculated from a technical and economic perspective, and finally a feasible entrepreneurial project will be determined.

3. Preparation for starting a business

Preparing for starting a business mainly includes address selection, fund raising, and formalities.

The location of the enterprise should be determined according to the characteristics of the industry. The address selection for production and processing entrepreneurial projects generally needs to consider:

1. Meet production and processing needs. Planting requires land, breeding requires water, and building materials processing requires space.

2 Convenient transportation.

3 The rent is affordable.

4 Employees’ lives are convenient and safe.

The location selection of commercial shops, restaurants, and various service departments should consider: high population density and high mobility, convenient transportation and easy parking in downtown or prosperous areas; in specific places (such as schools) , stations, hospitals, etc.); close to where peers gather.

There are generally two channels for raising entrepreneurial funds: one is entrepreneurial capital, and the other is bank loans. Bank loans are intended to be given to companies with a ratio of capital to liabilities of about 1:1. Such companies have strong risk resistance and debt repayment capabilities. It is relatively simple to raise financial funds for individuals and families, mainly by self-raising.

To start a cooperative business, partners must jointly invest in the establishment. They must clarify their rights and obligations, clarify the amount of investment, the method of investment, and their respective responsibilities. They must operate together and bear risks. *Enjoy profits.

To open a store or a factory or a company, you must have legal business qualifications and go through the corresponding procedures. These procedures mainly include industrial and commercial registration, tax registration, labor employment, bank account opening, and corresponding licenses for various industries. Among them, the industrial and commercial registration of individual industrial and commercial households and private enterprises generally goes through three steps: first, application and acceptance; second, review and approval; third, license issuance and announcement. The steps of tax processing mainly include tax registration, tax declaration and tax payment.

What preparations are needed before starting a business?

Choose the most suitable entrepreneurial project

Everyone can start a business, but not everyone can start a business successfully. There are There are many secrets to successful entrepreneurship, and these secrets are not all derived from the experience of successful entrepreneurial cases. Many of them are derived from reflection and understanding from failed examples. Based on these experiences, the first thing entrepreneurs must do is to decide Which industry and type of project do you want to engage in? Before you make a decision, it is best to take a small test for yourself to understand where you are more creative and potential; which career is more attractive to you. Focus, and urge yourself to move forward, etc. Once the choice is made, many of the following topics need to be implemented step by step by the entrepreneur in order to gradually move towards the road to success.

Self-charging and Persist in learning mentality

With a complete entrepreneurial idea, the next step is to try to expose yourself to various information and resource channels; such as professional associations and groups and other organizations. These groups and organizations can not only Help you evaluate your own entrepreneurial opportunities and potential, and put your entrepreneurial plan in place as early as possible.

Other effective resources: such as autobiographies of entrepreneurs, entrepreneurship books, business magazines, etc.; or professional business organizations, For example, the Small and Medium Enterprise Administration's plan advisory group can also provide many good materials for entrepreneurs to brainstorm. Entrepreneurs can also take the initiative and inform local business organizations, groups, etc. of company information to increase the company's exposure. .Even if you may suffer the jealousy of regional competitors, you can still try to exchange entrepreneurial experiences and seek timely advice with peers in other regions. There are many successful entrepreneurs who have this same experience, the difference is just the solution. They are just different, so don’t give up too early and waste others’ good intentions.

Choose your brand or company name carefully

The best brand or company name is one that can fully reflect your product Or the distinctive features and uniqueness of the service. Basically, the relationship between the brand or company name and the product is directly proportional; that is, it must be able to create a close association in the minds of consumers or customer groups. .A creative brand or company name not only helps to build the brand's image, but also impresses customers' desire to purchase. The brand or company name you choose should be forward-looking and far-sighted; the brand or company name you choose should be able to Recommend yourself to consumers flexibly. Finally, don’t forget to investigate the registered company name first to make sure that the name you choose has not yet been registered or is protected by the company’s trademark law. Remember, don’t choose a name that is too lengthy. The name is not easy for consumers to remember.

Determine the legal organization and legal structure of the company

Before you start planning operations, you must choose which legal organizational structure is suitable for your business plan. In short, first you must decide whether you want to start your own business? Or start a partnership? If you choose to start a partnership, how will the company's initial capital be allocated? The partnership model can be a limited liability company or a group company. There is no set of rules to follow to analyze various possible situations to distinguish the pros and cons; therefore, you must first understand the pros and cons and operational methods of various company organizational types, and then choose the most suitable combination. The model matches your business plan.

Although there are some subtle differences in the operating structures of various companies, the most important thing to pay attention to is who will be responsible for the final legal responsibility once the company's operations are in trouble. Financial responsibility? For example, if you start a business as a sole proprietor or a partner, the company's organizational law requires the individual to bear the ownership of the company's debts. In other words, once the company loses due to being involved in a property lawsuit, the property under the individual's name will and real estate, etc. will be seized and auctioned by the court to repay debts. No matter which business model you choose at the beginning, it does not mean that the company's business system has been finalized and remains unchanged, and timely changes can be made based on the company's development and future potential. .

Evaluate a specific budget report

Operating a profitable new business must have sufficient liquidity and be able to meet the expenses required for actual operations. Therefore, drafting an annual budget is necessary and cannot be careless. It is not easy to draft an accurate annual budget. Even if a master with the most budget concepts prepares the budget, there will still be some inaccuracies. Underestimating the budget or missing some small details,

These small details are often miscellaneous expenses and overspending items that occur in the budget sheet; in addition, sometimes these small troubles will occur when the company grows too fast. In short, when you start to prepare a budget, you must pay attention to the fact that the annual budget for the first year of the company should be Including the company's first operating expenses and monthly expenses for ongoing operations.

Regardless of the company's situation, an ideal budget report is best to slightly increase the required budget ratio when preparing the budget until the company can bear operating costs and underestimated profitability. It is best to listen to the opinions of other peers, and when preparing a specific budget evaluation form, follow expert advice and compromise between the best and worst financial evaluation cases. Then set your budget somewhere in between. Experts suggest that a trip to an accounting firm will give you a better understanding of the company's expenses, revenue, and working capital plans.

Choose the right address, Get twice the result with half the effort

After deciding to start a business on your own and choosing a project, the next most important thing is probably the location selection. How important is location selection for setting up a company and opening a store? Experts’ opinions are: Regardless of setting up any business, the choice of location is a major factor that determines success or failure, especially in service industries such as retail and catering, which are mainly stores. The choice of store is often the key to success or failure. The decision is made before the store is opened. Destiny of success or failure. It can be said that a good site selection is half the battle.

Although the priorities of various industries are different when choosing a business site, there are two factors that cannot be ignored. That is, the ability to pay rent and the conditions of the lease. The rent of business premises is one of the most fixed operating costs. Even if the business is not open, it still has to be paid. Especially after housing prices soar, rent is often a big burden for operators. You have to "care about it" carefully. Some industries, such as boutiques, high-end fashion stores, restaurants, etc., whose goods circulate quickly, are small and do not take up space, can afford high rents and can be located in high-rent areas; while furniture stores, Thrift stores, etc., because they require larger space, are best located in low-rent areas. There are two types of leases: fixed price and percentage. The former has a fixed rent, while the latter has a lower rent, but the owner shares a percentage of the total income, similar to Use the store to invest as a shareholder. The lease term can be set for different time periods, but for first-time entrepreneurs, the most cost-effective way is to book a one or two-year lease term to prepare for the option of renewal.

< p> Raise sufficient entrepreneurial funds

As the saying goes: "Use money to create wealth!" In many cases of entrepreneurial failure, insufficient funds are often the final cause of entrepreneurs shedding "heroic tears". The main reason. Therefore, confident entrepreneurs should not forget to raise sufficient funds before the company can officially operate; in other words, entrepreneurs must understand that the company may not be able to make a dime in the first year of its startup period. Entrepreneurs must therefore be vigilant and fully prepared to tide over difficulties.

When entrepreneurs raise entrepreneurial funds, they must aim to cover all operating expenses in the first year of business. Generally speaking, Generally speaking, unless you win the first prize in the lottery, the easiest and most convenient way for an entrepreneur to raise funds is to save money from your monthly salary bag. If this method is not a good idea for you, The method of raising funds from outside is also the most common source of funds.

Entrepreneurs can raise funds from many sources. Simply put, relatives, friends, banks, house mortgages, pensions, and even credit card loans It can also come in handy. However, what entrepreneurs must keep in mind is that a successful entrepreneur always knows how to make good use of various channels to raise sufficient funds as a strong backing for starting a business. You must not just Obtain funds from a single source to avoid finding a way out when funds are tight.

Complete company registration and understand various legal provisions