Characteristics and selection of distribution channels
The distribution channel is a complex of interrelated enterprises whose activities are aimed at organizing the process of commodity-money exchange. In other words, the distribution channel includes a certain number…

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Where to find and how to get the most favorable loan
Surely, each of us asked this question at least once in life, because an unforeseen personal or family budget may need the money at any time - for repairs, recreation,…

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Enterprise Cost Analysis
The process of economic activity involves some costs, ie, the costs of the enterprise or the economic value of the resources necessary for the full functioning. The nature of costs…

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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.

No longer fiction: future professions
Five years ago, a number of modern professions were beyond reality. But technologies are rapidly advancing, and their development gives rise to unusual activities. Learn new or stay true to…

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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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Enterprise Cost Analysis
The process of economic activity involves some costs, ie, the costs of the enterprise or the economic value of the resources necessary for the full functioning. The nature of costs…

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Market Capacity Assessment
Market capacity is an important criterion, showing the state of demand for a particular product. Market capacity can be defined as the total effective consumer demand at a given price…

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