When you plan to start a business , you really want to do and you can’t wait to leave. But beware: initial enthusiasm can give way to disillusionment and haste can lead to more or less serious mistakes. Before launching into the business, take all the time you need to make the necessary assessments: the idea that comes to your mind could turn out to be unattainable or unoriginal. And the costs you had budgeted far from those that you will have to support instead.
Do not despair: it happens to anyone with little experience in the entrepreneurial field. For this reason, if you are planning to give shape to your project, you need to surround yourself with the right people, keep the audacity at bay and proceed calmly and reasonably. By committing to understanding what you really need and what you can, instead, 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 aspires to conquer an important slice of the market, you will have to – almost certainly – join forces with someone else’s. And equip yourself with everything you need to tackle such an onerous and demanding business (saving money cannot be your priority in these cases). If, on the other hand, you are thinking of giving substance to something smaller, you can surely do without a couple of things:
an office. Your small business could start from home , allowing you to cut costs on rent and space set-up. Everything obviously depends on what you want to do: if you need a simple workstation and an internet connection, your home will be just fine. At least to start.
employees . Your idea could be big, but simple to manage and implement. If you think you can make it on your own, don’t delay. It is not a question of being presumptuous or suspicious, but of trying to better manage your starting budget (especially if it is limited). If you realize you have deficiencies in some areas, you can turn to temporary collaborators, but avoid recruiting resources that you can’t afford.
And what do you need instead? What do you need to start a small business?
a current account. Opening a current account is a real necessity. Without it, it will be impossible to manage the receipts and payments that you will have to prepare to keep the company going. The advice is to open a specifically corporate one and to distinguish it from your personal current account;
a business plan. No matter how small your project is, before launching into the business, 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 up 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 one’s intentions to paper and describing the methodologies with which one hopes to carry out one’s project is an essential step;
authorizations and licenses. Watch out for bureaucracy: when the idea of starting your small business has definitely taken shape, find out what you need to have to open your doors. What 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 manage it from home): get yourself on all fronts and don’t take unnecessary risks.
expert advice. It is something that, those who tend to save the most, do not take into due consideration, but that can make the difference.
When you “take off” with an activity, you never know where you can go. And very often, you don’t have all the information you need to start off on the right foot. For this reason, it is important to ask for help from consultants and experts who will show you the way to follow in the fiscal and legal field (you can perhaps do without an accountant, but hardly an accountant). Not to mention those who have already passed: confronting those who, before you, have experienced the hard work of giving life to their entrepreneurial design can be salvific. The right advice and warnings can make you sail with full sail.