What is a bank guarantee
A bank guarantee is one of the types of risk insurance in bringing deals. The essence of such insurance is that a bank, an insurance company or another legal entity…

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What is a bank guarantee
A bank guarantee is one of the types of risk insurance in bringing deals. The essence of such insurance is that a bank, an insurance company or another legal entity…

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Trust management
Where and how to place your money is a very important question for any person who has it. As a rule, only a placement of money can be considered successful,…

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How to open your business

1 step. Idea
Every businessman should have an idea, otherwise what business can we talk about? It is not necessary to invent something new and supernatural, you can take an existing idea and find in it the disadvantages that can be improved. It is much easier to launch a product or service on a formed market than to create a new one!

2 step. Market analysis
After determining the business idea, it is necessary to analyze the current position of the market. How much your product or service will be in demand and for which target audience.

Also, market analysis will provide an opportunity to see the quality, prices and customer service of your future competitors.

3 step. Planning
Create a business plan and write down:
– Costs;
– Promotion strategies;
– Prices for goods / services;
– Planned income.

This makes it easier for you to store information and easier to set goals and objectives.

4 step. Business registration
Depending on your field of activity, it is possible to use LLC or SP.

5 step. Taxes and Reporting
Decide what taxation system you will work on, the amount of tax and the method of payment will depend on it.

6 step. Testing the idea
At this stage, you need to make a test sale of your product or service, spending the minimum amount of money on advertising. Testing will help to feel the demand in practice.

7 step. Business development
After the adjusted plan and test sales, it is necessary to carry out the following work based on your field of activity:
– Improving the site;
– staff expansion;
– Increase warehouse.

8 step. Scaling
After successful development of your business in one city, you can try to expand the geography, or master a funny direction.

Example:
Do you sell digital equipment? Open repair service
Business Performance Parameters
– If the net profit has strayed from the zero mark (excluding taxes and equipment), then the money generation goes and the business keeps afloat. If below zero, then perhaps additional investments are needed.
– If sales are planned for 500,000, and the figures are about 100,000, then it’s time to revise the work and sales plan.

Criteria for an ideal business niche
1. "High Resolution" Here we are talking about your “resolution” in this niche, that is, about your level of understanding, your experience, knowledge. For example, if you enjoy your entire…

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Calculation of cash limit
Calculation of cash limit To calculate the cash balance on hand, the following indicators will be required: Cash receipts for goods sold, services rendered or work performed, or revenue in…

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Consumer and Needs Research
All activities of the organization are primarily aimed at meeting the needs of the target audience. The purchasers of an enterprise can be individuals and families, as well as other…

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Ways to increase the credibility of the site or online store
1) Customer Reviews The most banal thing - the availability of reviews from existing customers. If we are talking about an online store, then it can be reviews that registered…

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