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HOW TO START YOUR OWN SMALL BUSINESS

Planning to set up a small business from home? Many like this idea as it is tension free and allows you to work at your own pace. Many hours spent in commuting and chatting in an office can be brought for productive use while working from home. Well, good idea! However, setting up a business or office for yourself is not so easy and needs much groundwork to be done. Attention to detail is the keyword as you will be the sole person looking after your needs. Since it is initially a small set up, you need to more attention to official formalities like paperwork, and registration.

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Preliminary requisites:

Get the licenses and registrations done: Make sure you fulfill formalities like licenses and registration under respective company law. Remember that you can start operating only after you get licensed by the authoritative law.

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  • Place paperwork in order: All paper related work like certifications and accreditations should be done beforehand. For instance, certification bodies like ISO issue certificate for clothing manufacturers once they abide by their standards. You need to stand up to certain benchmarks to get certification.
  • Defining your work area: A work area is something where your regular duties are carried out without personal disturbances. This should be the primary agenda when you are planning for a home-based work. To make this happen, you have to define work and home separately. Let your family or any other personal affair not involve in this.

Sitting up business needs:For the successful running of your business, you need to work on certain aspects like what your business needs are. For example, if you are setting up a printing business, you will need a lot of stationery like papers, ink, orienting machine. See if the latest equipment is available and stand up to the trend.

Start social relationships:There needs to be proper public talk for your business to grow quickly. For this, you need to move to places and talk about the new entry in the market. Forming good relations with the same sector business people and maintaining them profits your business. Get socializing and attend relevant events and seminars regularly.

Adhere to work timings: Ensure you maintain strict timings while at work. Do not allow personal affairs come in the way of your work. Make a time and abide by it. By maintaining a separate office phone, a different address for commercial use and separate mail id for business communication you can manage your private life without getting disturbance.