Complete guide: How to open a company?

 

Just as you probably want to start a business , people around the world also dream of following the path of entrepreneurship. However, in the face of many demands and costs, this dream can end up becoming a nightmare for many, who end up giving up halfway or decide to skip some important steps in the opening process.

 As you may have noticed, having your own business is not an easy task, since most ventures require qualities that only an excellent professional possesses, but for those who accept the challenge, check out the step by step how to open a company and be ready for success. Prepared?

 What do you need to know before starting a business?

 Becoming a boss is the goal of many people, however, starting a company and making it a reality is not an easy task. In order to be an entrepreneur, in addition to the duties and responsibilities that the position requires, several skills are essential to make the venture work .

 First of all, you must ask yourself: is this investment a good deal? What are the risks? Do I have the ideal profile to lead? These are questions that you must answer sincerely and be consistent, your answers will be the starting point for opening a business.

 In addition, it is necessary to define which segment your company will operate in and whether it will be adequate to the demands of the market. In other words, to start a business you will need to plan ahead.

 Speaking of planning, it is good to have an action plan in mind, it will be responsible for defining the costs, the available resources, the main goals and objectives. Before taking the idea off the paper and putting it into practice, you need to find a strategic location for your company and identify the target audience that you intend to reach with the new business.

 How do I know if I'm ready for a deal?

 For some companies, courage is not lacking when starting a business, however, it is not always enough to keep an enterprise running. It is therefore essential to assess the right time to take the first step in the business world.

 Taking a conscience check is a smart move. In order to start a company, some skills are important and acting impulsively is not a good way to start things, since the best way is to know the job market and know the business strategies.

 Many entrepreneurs, who are just starting out, end up risking the business, without first knowing how to make decisions, make good planning, deal with employees, among others. Before “sinking your own boat”, try to know if you are prepared for this new phase.

 Where to start the opening of the company?

 To start a company, the future entrepreneur will face some bureaucracies that are part of the beginning of any business. Many complaints are made because of these requirements, but they are fundamental to the recognition of your activities and to ensure that your company does not receive an unwanted visit from an inspector in the future.

 And what are all these requirements?

 It is necessary to formalize your company, to define the legal nature, for that you will need to gather several documents and pay fees and taxes for the legalization of your business.

Before starting to think about opening a company, you must have a (National Register of Legal Entities). This document represents that your company is registered with the Ministry of Finance and Federal Revenue.

 But, if you have no free time to pursue these requirements, there is the possibility of taking the through the internet, through an application made available by the IRS. If you feel insecure in relation to the choice of regimes and frameworks of your company, there are accounting companies that offer assistance for starting companies registration. The right choices at the beginning can generate savings and bureaucratic optimization for your business.

 Social contract

 The social contract is a document that you may need more than once, to prepare it you can count on the help of a lawyer, who must also register it with a notary.

 The document must contain the name of the company, the value of the initial capital and the names of the owners of the business. This record is important to classify the type of segment of the initial business and what are the amounts of taxes that will be charged.

 State registration

 If the company you are opening operates in the trade, industry, transport or communication and energy services provider, State registration is mandatory. The other companies that provide services are exempt, but they must still contribute with another tax: ISS (Tax on Services).

 Banks, hospitals and laboratories are examples of companies that are exempt from state registration. But if the company provides outsourced services and also sells products, it will have to pay both taxes.

 Commercial Board

 The commercial board is the body whose function is to register the activities related to the different branches of companies in the country. Each United Arab Emirates state has its own board, which is also responsible for issues such as the issuance of judicial letters, certificates and registration forms, for example. example.

 For the opening of a company, you will also need the City Hall's operating permit. Generally, only registration with the IRS, the social contract and personal documents are charged.

 It is also essential to obtain the Health Surveillance and Fire Department Permit. Requirements that are fundamental in any location, to ensure everyone's safety - especially if your company operates in the food industry.

 How to make a business plan?

 With the legal issues already resolved, we can begin to put together a business plan. But what is this? The business plan is a roadmap used by new entrepreneurs.

 Its purpose is to plan, in the short, medium and long term, all the necessary actions for good business results. Tracing this planning is essential to conquer your space in the market.

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However, with the absence of the business plan, a company can close before it even starts. But, so that it doesn't happen to you, here's how to assemble yours:

 Market analysis

 As a good entrepreneur, you can't count on just luck to start your business. It is essential to know in detail the preferences of your target audience and the strategies that competitors use.

 The best way to obtain this information is to do market research, analyzing the products and services that competitors offer, in order to find inspirations or ways to overcome them in their deficiencies.

 Another way to analyze the market is to research consumer preferences and behavior. It is the ideal time to understand the needs of customers and how they can serve them.

 Defining strategies

 It is good to start thinking: how will your objectives and goals be achieved? How will your company be publicized? Having an idea is easy, however, it is necessary to know how to put it into practice to achieve better results.

 Therefore, in order to define strategic planning, everything your company needs to exist must be placed at the tip of the pencil, what actions must be taken so that the competition is overcome, how to make it attractive to customers and how to consolidate itself in the market.

 Financial planning

 To calculate the costs of an initial investment, you must take into account all fixed investments, working capital, investment in operational services (equipment, labor, etc.) and income statement with the profits obtained from the services provided.

 When opening a company , the results take time to appear. But with the financial plan, you balance your billing so you don't lose out and allow you to calculate the time it will take to get a positive return.

 After knowing about the profits that will be obtained, make your annual projections and remember to be in line with the accounting standards that are required.

 How to define the best tax regime?

 Right at the beginning of your business you need to decide what is the best tax regime for paying taxes. This decision is of great importance, so it is necessary to know the systems well so that you do not end up paying additional fees to the government.

 Most of the time, entrepreneurs hire accountants to resolve this issue. But, if you know the behavior of the market well and each one of these modalities, you will be able to decide which tax regime is more appropriate when opening your company.

 Learn more about this subject: Real Profit or Presumed Profit? Which one is the best?

 How to register a trademark?

 It is obvious that you know big companies whose brands are recognized worldwide. In addition to talent and entrepreneurial spirit, these companies have a fundamental: the legal registration of their identities.

 It may seem simple to create a name for your company, but you may experience complications if you copy an existing name or have the name copied.

 To avoid these inconveniences, it is best to know how to register a trademark. Thus, you acquire exclusivity and still have greater chances of promoting yourself within your segment, since that way your company will be seen from a new corporate angle.

 Check if your brand has already been registered

 It is common for entrepreneurs to think of common and similar names and this is one of the causes for many companies to register their brands: not to be copied.

 The first step to be taken is to search for brands that already exist in the market. This research can be carried out by anyone in a practical and free way.

 Determine the brand type

 Trademarks can be nominative when they are made up of words; they can be figurative, which occurs when accompanying symbols; and they can also be mixed, where there is a mixture of words and symbols.

 Pay an upfront fee

 When starting a Business Consultant in UAE, all processes require costs, even to register a trademark.

 See the costs of this operation and remember that small companies have discounts of up to 50% in fees. It is also necessary to pay for the exclusivity of the brand, being valid for up to 10 years.

 How to get customers?

 After all the bureaucratic process, your company may open its doors, but the principal is still missing to complete your mission. It is the customers, the key part for any enterprise to succeed.

 Conquering customers, especially at the beginning of the company, is a task that requires marketing and sales strategies. With the market becoming increasingly competitive and selective, it is not worth waiting for your company to receive the visit of customers from one moment to the next.

 So, check out some tips on how to get desired customers for your company:

 Determine your target audience

 Knowing who your customers will be is essential to meet your needs. However, not all people in the world can become your customers. On the contrary.

 The more segmented your business is, the more targeted your customer base will be. You must profile your audience and research preferences, it is also worth researching how the competition serves this same target audience.

 Determine marketing strategies

 Calculate the capital available for marketing actions and make a monthly disclosure plan.

 In addition to social media, you can invest in pamphlets, advertisements in newspapers and magazines, advertisements on billboards and, mainly, in digital marketing strategies. After all, customers need to know and never forget your company.

 Prepare your team

 Your team must always be prepared to offer the best service, as soon as the first customer crosses your door.

 And the best way to obtain this preparation is to invest in constant training on the products and services that your company offers. Don't forget to also allow them to offer discounts and possible gifts, attracting the customer and earning their loyalty

 Make partnerships

 Think of strategic establishments that can contribute to the promotion of your company. These alliances offer several advantages, such as new customers contacting suppliers. After all, alone nobody gets anywhere.

 After this complete guide your company and you are prepared to face the market. Nothing better than being aware that getting here is not easy. Now, with the right information, you can start your dream and succeed in your venture!