Steps To Starting A Business

Manage the business

13. Manage your finances.

You need to decide whether you will manage your company's finances yourself or will you outsource someone. This includes accounting and financial reporting, budgeting, collecting accounts receivable, risk management, and insurance matters.

14. Market your business.

Marketing drives sales and ultimately create profits. Customers need to know about your business and its offerings before they can decide whether to spend their hard-earned cash with you.

15. Staffing your business.

Decide what positions need filling and research the best places to advertise to find those people. Have a clear idea of what that person's role will be within your company. Familiarise yourself with the legal requirements of being an employer such as registering with SARS, PAYE, UIF, etc.

16. Day to day operational plans.

This is how you are going to run your business on a daily basis. It includes things like how are you going to manage orders, timekeeping and service levels.