You must prove the relevance of your concept, with a minimum of sales to be made. You have to start by testing your speech, your arguments… on a small number of prospects, and then ramp up. Step 6: Obtain funding Initially you can obtain your first funds to launch your business,
in particular with the “Love Money”, ie the money of your family and your friends for your first steps in the italy phone number online. Cash is gasoline and your engine is your business… if there is no more gasoline, the engine stalls and then stops! Once you can prove that your product is aimed at a real solvent market, that you have your first customers… you can raise funds or obtain more financing.
Determine the Business Structure Even If the Creation
of a company can wait for the finalization of your project and your first customers, it is important to think about the legal form of your company, and the distribution of capital. Step 8. Trade name The smaller the company, the more important the brand and the graphic charter will be.
Indeed they will allow you to create emotion and differentiate yourself from your competitors. Step 9. Open a bank account for your business Whether it is a simple Stripe or Paypal account, or a bank account to domicile the company, the bank account quickly becomes essential to pay suppliers and receive the first payments. Step 10. Set up accounting software or an ERP Accounting must allow you to be in good standing with the law (VAT, etc.),
But Above All to Monitor Your Finances
and especially profitability and cash flow, etc. Cash is the fuel of your company’s engine, if there is no longer enough to pay suppliers and employees, the company stops. Step 11. Build your team Alone we go faster, but together we go further. Creating a startup alone is one of the major causes of failure. It is better to create a project together than never to see your project finalized. The team also makes it possible to define responsibilities and know who does what, and the use of subcontracting,
employees, etc. Step 12. Have a minimal presence on the internet (sites & social networks) A beautiful website, beautiful landing pages and accounts fed on social media allow you to increase the notoriety and credibility of your company. Step 13. Find partnerships A small business with few resources, partnerships are essential to gain notoriety and visibility at a lower cost.