Steps To Starting A Business

Manage daily operations

9. Decide what you'll charge.

Setting a price on your product or service can make or break your business. The amount must be affordable for your customers while producing a profit for your business.

10. Find premises, equipment and suppliers.

Choosing a site from which to run your business is of primary concern. You also need to decide whether to purchase or rent equipment for your company. Establishing relationships with suppliers for your business will ensure a good support infrastructure.

11. Take out insurance.

Familiarise yourself with the specific risks faced by your area of business and insure your business against that risk.

12. Have record keeping systems.

You need a proper record of your business' financial transactions. Not only will this help you keep track of how your business it doing, it will prove essential should you need to apply for funding.