a video guided process to setting up a company

Thursday, February 18, 2010

Company Formations

Setting up a business requires a lot of planning and strategy. Do it right from the start with a good foundation, a sound strategy, and resourcefulness, your business has a good shot at success. Do it wrong haphazardly, with no strategy, and with little attention to being resourceful, and you are doomed to failure.

To be sure, it will be hard to devise a lot of sound planning and strategy if you are entering small business for the first time, or are entering a market with little knowledge. If this is the case for you, then you will have to perform a lot of trial and error and feel your way through the process. As such, the process may be a lot slower and unsteady. However, if you do have some small business experience and do know a lot about the market you are about to get into, then you will be in a much better position to monetize your plans quickly. However, in either event, it is crucial to have some sort of plan from the start. This plan should be fluid, and not concrete because you will necessarily find that some of your assumptions about the market and your customers or clients will be dead wrong.

The first step should be to determine what your future customers or clients are desperate to pay money for now or in the immediate future. Notice I did not say to figure out what your customers want. But for set up company,company formation must be check



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