#040 How to start your business well

After thinking about your project, you are finally ready to start creating your business. But sometimes it can become a real headache. In order to guide you as best as possible, we will see together how to get your business off to a good start.

Starting a business first goes through a planning phase . During this, you will first need to develop your business project by asking yourself the right questions, for example: What am I passionate about? What can I offer that is different from existing companies? All this information will allow you to create your business plan , it is a written document in which there is the description of your business, the description of your project, your marketing strategy, your operation , your team but also some financial forecasts. The latter will be particularly useful for you to present and thus sell your idea to possible lenders or investors.

Then, the time has come to choose a business name , it must correspond to the products or services that you offer and which, obviously, is not already in use. In addition, you will also need to think about the direction you want to give to your business but also ensure that the chosen name is easy to pronounce and also easy to remember. Subsequently, you will have to check if this name is already used because you cannot use it if it is already referenced. To find out if this is the case or not, start with a simple internet search, so you will have a first idea of ​​who uses this name and for what domain.

When you finally find the name of your business, you will need to register it with the government. But before getting to this step, you will already need to know the location of your main office, the geographical delimitation concerning the exercise of your activity, the name you want for your company as well as the type of company. more suited to your needs .

For information, the three most common structures are:

• Sole proprietorship: it has a single owner. The latter is solely responsible for all liabilities, i.e. the legal debts that the company has contracted from its creditors.
• General partnership: in this case the partners are responsible for the debts of the company and the shares are not freely transferable. This status can, for example, be used by members of the same family with the aim of operating a joint activity.
• Joint stock company: There may be one or more shareholders. The joint stock company is a legal entity in its own right.

Choosing the right legal form is very important. For your information, here is a link allowing you to learn more about the legal forms.

You are now ready to create your business, but don't forget that we are here to help you in your efforts, so do not hesitate to contact us.