Skip to main content

POINTS TO CONSIDER WHEN STARTING THE BUSINESS

 Many business personnel prove failure in their Business due to the lack of the crucial knowledge or map on their Business start ups, here down are some of the steps which are crucial for any business personnel to follow before he/she starts the business.

Step 1: write business plan
Use tools and resources to create business plan. the business plan will help you to map out how you will start and  run your business successfully.

 Step2:Get business assistance and training.
take advantage of free training and counseling services from preparing business plan and securing financing for relocation of business.

 Step 3: Choose the business location.
Get advice on how to select customer-friendly location and adhere to the laws and regulations of the area.

 Step4:Finance your business
Here try to  find source of fund  to help you to run your business, research grants may be useful to get you started with your business.

 Step 5:Determine the legal requirement in relations with your Business
Decide which form of ownership is best for your business,it  can be partnership,limited liability Company,corporation,Non profit and cooperative.

 Step 6: Register a business name
Register your business name according to your government laws require.

 Step 7: Get Tax Identification Number(TIN).
 Learn which tax identification number you need to obtain from your state revenue agency. for example in Tanzania, where  a business personnel can get a TIN is only at Tanzania Revenue Authority(TRA).

 Step 8:Register for State and Local Taxes.
Register with your state to obtain a tax identification number workers' compensation, unemployment and Disability Insurance.

 Step 9:Obtain business licenses and permit.
Business differ in licenses of operation  so as you start your business try to get the licenses which correspond with the nature of your business you are about to run and not other wise.

Step10: understand employer responsibility.
As the employer understands the major responsibilities of employer like making sure there is the good working atmosphere for your employee,salary payments, employee safety etc.

Comments

Post a Comment

Popular posts from this blog

MWL. CHRISTOPHER MWAKASEGE.

 “MANENO PINGAMIZI YASIKWAMISHE UAMSHO WAKO BINAFSI” (2) Siku ya Pili 28, Aprili 2022  Semina ya Neno la Mungu - Dodoma LINK YA SOMO LA HILI YOUTUBE 👉🏼 https://youtu.be/Rwo70MEHQd0    NAMBA ZA KUTUMA SADAKA, MAOMBI NA SHUHUDA 👉🏼https://bit.ly/Sadaka-Maombi-Shuhuda  UTANGULIZI LENGO YA SOMO ➖Uamsho kutoka kwa Mungu uliokusudiwa kwa ajili yako uweze kuupata majira haya nyakati hizi. Wasomaji wa Biblia, historia ya ulimwengu na kanisa wanajua kabisa kipindi chochote kinachotangulia matatizo, kinachofuata ni maombi na baadaye unafuata uamsho. Kama kuna tatizo limepita katika taifa, ujue kuwa kuna watu watainuka kuomba kwa ajili ya lile taifa, na matokeo yake ni uamsho katika lile taifa. Hili lipo katika kanisa, familia na mahali pengine popote. Msisitizo wa somo hili ni ujue namna ya kufanya wakati Mungu anaachilia uamsho huu katika nyakati hizi, maneno pingamizi yasiwe kikwazo kwako. Pia ujue kitu cha kufanya katika kupokea uamsho huu. Uamsho unaanza na mtu bin...
Post a Comment
Read more

GET TO KNOW WHAT IS INTERNENT

What is Internet The internet in simple terms is a network of the interlinked computer networking worldwide, which is accessible to the general public. These interconnected computers work by transmitting data through a special type of packet switching which is known as the IP or the internet protocol. Internet is such a huge network of several different interlinked networks relating to the business, government, academic, and even smaller domestic networks, therefore internet is known as the network of all the other networks. These networks enable the internet to be used for various important functions which include the several means of communications like the file transfer, the online chat and even the sharing of the documents and web sites on the WWW, or the World Wide Web. It is always mistaken said that the internet and the World Wide Web are both the same terms, or are synonymous. Actually there is a very significant difference between the t...
Post a Comment
Read more

7 BUSINESS LOCATION THAT INCREASE BRAND VISIBILITY

Marketing has changed and it has become more personal. People nowadays need convenience and you cannot expect that your customer will come to you. You will have to go to your customer again and again so that he does not switch to any other brand. Remember that your customer has numerous options in his hand. Thus your business needs to present in locations where the customer can make his buying decision easily. This is where your business location plays an important role. The process of managing a business is continually changing but more importantly with the advent of online marketing, your business location itself has changed. Because of the increasing usage of internet, Smart phones too are the latest trend and hence the reach of internet is now quadrupled. But it is not necessary that your customer be present only on the internet. Brick businesses are as alive today as online businesses. Below you will find a list of 7 business locations that you should be ...
1 comment
Read more