Creation of a start-up
WHAT YOU NEED TO KNOW BEFORE YOU GO FOR IT
The creation of a company in general and a start-up in particular stipulates that one proceeds in stages. Once you have found an idea for your future business, you have to think about a number of fundamental things such as the question of financing, support structures, hosting your start-up… In addition, the choice of the future legal status for this type of company is crucial.
CRITERIA FOR CHOOSING A BUSINESS CENTRE
Any capital city abounds with business centres providing a variety of services to companies. To choose a centre, the entrepreneur or business leader must take into account a set of criteria. First of all, think about the size and type of your business and the nature of its activities. It is also advisable to visit the premises and work spaces for your future employees and see if they offer the necessary equipment. It is also important to consider whether the company can be located in the business centre and at the same time receive mails & posts there.
Ready for innovation
FINANCING A BUSINESS: WHERE TO START?
There are several ways to finance your business. It is obvious that if your self-financing is not enough, you will get the rest from your family circle as well as your friends. This solution is called “love money”. This means of financing depends partly on whether people are willing to lend you money or not.
There are other alternatives for financing a business. One of the most popular is crowdfunding. This is participatory financing where individuals each contribute a sum of money if your project idea convinces them. In addition, government grants are made available to future entrepreneurs as well as bank loans.
MARKET RESEARCH PROCESS
DO NOT CONFUSE BUSINESS MODEL AND BUSINESS PLAN
The business plan
HOW TO WRITE A BUSINESS PLAN?
Given the importance of the business plan in the process of creating a company, it must be written well. Know that this type of document must include certain crucial information inherent to several aspects (economic, financial …). If you have no idea how to go about it, either you are looking for models or you entrust the task to a professional. Concerning the content of the document, it starts with a presentation of the creator(s) of the company and then that of its products or services. The economic section will include several elements such as a market study, competitors… the legal section focuses on the future status of the company without forgetting the financial section.
The business model
WHAT ARE THE KEY ELEMENTS IN DESIGNING YOUR BUSINESS MODEL?
The business model includes key elements that essentially make it possible to know how a company is going to proceed in order to generate profit. It emphasizes key notions such as the nature of the product or service to be sold, to the customers for whom it is intended. It is also fundamental to present your sales strategy and the partners with whom you will collaborate.
Business of the future
THE FUTURE OF BUSINESS: A CONCENTRATE OF INNOVATIONS
Benefiting from the continuous innovations of digital technologies, business will be turned upside down within a few years. If e-commerce is already a reality, it will undoubtedly undergo many changes. Starting with the introduction of virtual reality to make the shopping experience more realistic and more pleasant for the customer. In short, it is the digitalization of commerce that will characterize the commerce of the future. There will be an increasing use of mobile phones and related payment technologies.