Are you about to start your own business and wondering where to start and how to proceed? Be pragmatic and take the right approach. This will allow you to make this launch a success. Here are the 5 steps to follow to successfully start your business.
Complete your business model
First of all, be clear about your project. In fact, your reflection must have gone beyond the idea stage. He must have come up with a strategy, broken down into action plans.
You must have identified the precise characteristics of your offer: nature of the business, target audience, prices charged, distribution channels, means to differentiate yourself from your competitors … Also, make sure that there is demand in your market. .
A business model is never fixed. You can (or, more likely, will have to) adapt it later.
Do a market study and business plan
In case of doubts about the feasibility of the project or about the interest of the offer, do not hesitate to carry out a market study. And if the need arises, draw up a business plan.
The market study and the business plan are two tools that will allow you to structure your thinking, to get to the point and above all to highlight the profitability of your business.
Set goals, but be realistic in your predictions and try to remain as objective as possible about your chances of achieving them.
Choose your legal status
When all the lights are green, you can move on to the next step and enter the “production” stage. During this you will have to find a legal status: micro-enterprise or sole proprietorship, SASU or EURL, SAS, SARL, SA, SNC …
Complex, this choice requires the analysis of many parameters: number of participants in the project, social status of the manager, tax regime on profits, methods of financing (bank loan, fundraising, etc.).
Define the main characteristics of your company
If you opt for a company, you will need to find a name (company name), an activity (business purpose), an address (headquarters), a duration (generally 99 years) and a capital. You will also need to identify all the contributions it will benefit from. So, if you associate with other people, you will need to plan the distribution of the company’s titles.
All this information is included in a written document called statutes. For information, sole proprietorships and micro-enterprises do not have to create one.
Know that many professionals can accompany you if you do not feel able to do it on your own.
Request registration of your business
It is the latest of stages of business creation. It consists of declaring your business so that your company is registered in the appropriate register. The registration procedure is very light for sole proprietorships and micro-enterprises. Generally it is sufficient to submit a declaration of start of business (P0) and some supporting documents.
For commercial companies, the process is longer and more complex. You must complete an M0 form, complete a beneficial owner declaration (RBE), post a legal notice and communicate numerous documents.
Once the company is registered, your business can be officially launched!
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