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The first issue to be resolved is the legal form in which you will conduct your business. A company in the form of an individual business does not necessarily mean operating alone, but it does impose certain ways of signing contracts, hiring employees, accounting for taxes. You have an idea for a business. You know that he should draw up a sound business plan before setting it up. Even if you won’t have to submit it to any financial institutions,
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Continuing the theme related to building a business plan, I will now give you a general and universal business plan structure that you can use to plan your business. You don’t have to write 100 pages of text and do all the analysis. It’s up to you what you use and fill it with content. I advise you to think about all the points, but more or less describe them, depending on what kind of business you are planning. When
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Today I am starting a series of articles on writing your own business plan. This will be a several-week guide on what should be included in a business plan. If you have a business idea, read the next posts. Someone thinking about their own business needs to consider whether to operate independently or in a partnership, what to sell, for how much and to whom, and what profits the business will bring in. A business plan allows you to assess
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Often budding entrepreneurs ask me how to divide the time from the business idea, to writing the business plan, to opening the company and then running it for… here the term “indefinitely” falls most often… How to plan the time from today to, say, 3 years from now, taking into account all the necessary steps that have to happen and that I myself have to do in order to achieve what I intend? Whenever I advise people who want to
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When you think about starting your own business, ideas probably come to mind about what products or services you will sell and how much money you will make from it. This is usually the first association and vision of your, at least professional, future. However, starting and running your own business involves a complete change in your lifestyle, not just your job or income level. In this post, I will introduce you to what I believe are the 3 most
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