Answer:
1. Nature of the business
The first you need to think about is what will you offer. What are you going to sell in your business? In general, you can choose to provide the following: service, merchandising or manufacturing.
Service – it can either be selling time and expertise, such as professionals, event organizers, IT, marketing, etc.; or it can also be restaurants, food kiosks, transportation, salon, spa, etc.
Merchandising – also referred to as retail, wholesale, trading or distribution. Buy-and-sell of goods. Examples are grocery and department stores, retail outlets, online resellers, etc.
Manufacturing – combining raw materials, labor and use of equipment, then turn it into a saleable product. Example are manufacturers of cars, gadgets, clothing, bags, daily essentials, etc.
2. Target Customer
3. Location
4. Formation
Once you’ve identified what to sell, who to sell it to and where to sell it, now think about how you’ll form the business. You can choose on sole proprietorship, partnership or corporation.
Single proprietorship – you’re the sole owner of the business.
Partnership – you can divide the business with another person(s) which you will call partners. You need at least two people to form partnership.
Corporation – you can divide the business with another person(s) which you will call stockholders. You need at least five people to form corporation.
5. Capital
6. Asset Requirements
7. Lease,
8. Suppliers
9. Operating Expenses
10. Hire People or Outsource
11. Registration
12. Bank account for the business
13. Marketing
14. Government Compliance
15. Accounting and Financial Analysis
Explanation:
I SUMMARIZE NIYO NALANG
