Business consultancy firms like Bertrand Management Group know that, because there are a lot of people without jobs in the United States, more and more are now starting their own businesses.
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Everybody wants to be their own boss and start their own company. Having a business can change a person’s life; no more working for a cranky boss and no more waking up at 6am to go to work. But it also entails a lot of things that some people find risky to take.
For those who are thinking of taking the plunge, the following are the basic steps to start a business:
• Making a business plan. This contains the statement of business goals, the plan for reaching those goals, why those goals are attainable, and a description of the business.
Bertrand Management Group offers consultation services on coaching skills development, organizational change management, and strategy development.
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• Choosing a location. The location of a business needs to be convenient for the customers. Many startups choose to go online.
• Getting financing for the business. Budding entrepreneurs can either loan from a bank or from friends and family, look to venture capitalists for funding, or employ online crowdsourcing funding platforms such as Kickstarter.
• Registering business and obtaining licenses and permits. Entrepreneurs can then register their business name and obtain necessary licenses and permits.
• Hiring employees. Hiring the right people is important. Many people starting a business hire people they already know, like families and friends, whom they can entrust the company’s finances to.
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Starting a business is not as easy as it sounds, but with careful planning and determination, starting one will be easier and can even be fun.
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