| Starting a small business involves many
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| | needed and finance sources, financial
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| types of decisions, steps and processes.
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| | projection etc. You can make it yourself
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| The beginning is a big matter for the
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| | or you can delegate it to experts.
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| entrepreneur. You have to perform
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| | You have to arrange for the finance for
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| different activities to find out what you
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| | your small business in this stage.
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| will be doing, when you will do it, and
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| | Finance source may be different for you.
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| how you will do it.
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| | You have to complete the entire
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| You have to find answer to many
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| | certificate and license related works.
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| questions. You will have different
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| | You will need to find out the location
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| operations to perform like selecting the
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| | and start the structure for future
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| business, the industry, ownership form,
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| | processing.
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| finance, business plan, tax related
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| | Post startup stage:
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| issues, business process, site selection,
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| | This is the implementation of the idea
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| licenses, registration and so on. The
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| | and plans. The entire plan that you have
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| list is very big.ou have to not only
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| | for your small business is to be done
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| perform these; but have to perform them
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| | practically.
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| fine. You have to prioritize the
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| | You have to mage the business in this
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| activities and perform them accordingly.
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| | stage. Already you have started the small
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| For an inexperienced entrepreneur, the
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| | business. Now you have to manage it
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| tasks become more needed.
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| | daily. You have to mange the customer
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| Starting a small business may be divided
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| | related issues, employee related issues,
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| into two stages: one is pre-startup
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| | inventory and supply chain related
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| stage, and the other is post startup
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| | issues, and production related issues.
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| stage.
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| | Starting a small business can happen in
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| Pre-startup Stage:
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| | three ways. You can start a new business,
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| This stage is actually a planning stage.
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| | you can acquire already existing
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| You have to plan your activities and act
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| | business, or you can start a franchisee
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| accordingly. This stage is very crucial
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| | of a reputed organization.
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| as you plan out your whole business here
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| | Starting a New Business:
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| only.
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| | You will start a new enterprise from
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| In this stage you will decide about the
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| | scratch. This is a long term process and
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| idea of business. The idea development
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| | is really tough. You have to start and
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| will take sometime. Idea generation
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| | build all the systems in a business.
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| depends on many factors like your
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| | Acquiring a existing business:
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| exposure, background, family, education,
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| | If you want to acquire an already
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| psychological state, prior experience,
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| | existing business, then it is a little
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| cultural background etc. Business ideas
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| | easier for you than starting a new
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| will vary from person to person. Your
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| | business. Here you get some of the
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| previous experiences will decide what you
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| | systems of the business pre built. This
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| will do.
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| | will help you to start the business fast.
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| After you decide the idea, you will have
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| | You can select a business that you want
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| to prepare a business plan. A business
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| | to start. You can design it accordingly
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| plan contains everything about the
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| | after you take it over. You will get
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| business idea like idea, market, process
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| | customers existing already.
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| of producing or developing it, finance
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