4 steps to starting a small business and to becoming your own boss
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4 Steps to Starting a Small Business and to Becoming your Own Boss
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
Starting a Small Business
• Should be done with diligence and careful planning.
• Requires motivation and determination.
• Should possess sufficient knowledge in the proposed business.
• Eliminate the risk factors.
• These essential characteristics and adequate money as capital are required for starting your business.
• Before starting a business consider the following:a) Know the right Business for youb) Create a Business Plan
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
Meet CFA
• Chief Encouragement Officer of CFA Leverage
(Digital Marketing Consultants)
• Entrepreneur, Public Speaker and Author
• Founder, www.CFAgbata.comMy mantra is Conditioned for
Accomplishments
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
Know the right Business for you
• Find the right business that suit your needs.
• The ultimate goal is a business that gives you good income.
• Good income is needed to sustain all your basics needs and lifestyle.
• All of this is very vital to your goal.
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
Create a Business Plan
• Find the right business that suit your needs.
• The ultimate goal is a business that gives you good income.
• Good income is needed to sustain all your basics needs and lifestyle.
• All of this is very vital to your goal.
• The first 3 months is a crucial time in determining if you will succeed or not.
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
4 steps to starting a small business
These steps become your master plan in creating your presence in the business world.
1. Get the Capital You Need .
2. Name is Vital.
3. Business Structure.
4. Set-up a Good Accounting System.
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
1.Get the Capital You Need
• Every business requires the right capital.
• Finding that capital is important.
• Every business has a different start-up need, and funds can be different for everyone also.
• Every business is different has its own requirement of capital.
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
2. Name is Vital
• A business name is essential.
• It will be the one that will set your business apart.
• The name must convey what you want your customers to know.
• Explanatory about your service and products.
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
3.Business Structure
• Structure is important and must not be set aside.
• A corporation, single or sole proprietorship and partnership have a different taxes and liability that all future entrepreneurs must know.
• Research the pros and cons of each business structure.
• Then decide the right one for you.
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
4.Set-up a Good Accounting System
• Many companies and business owners, particularly those in the sole proprietorship and partnership failed in their businesses because of a bad accounting system.
• There is need to separate the personal and business aspect of their finances.
• Research and set up the accounting system favorable for your business.
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
Keep In Touch
Email: service@cfagbata.com help@cfaleverage.com www.cfagbata.com www.cfaleverage.com
cfa@cfaleverage.com | BB: 29659EEB
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Please let me know if you learnt something or have implemented any
strategy after reading Steps to Starting a Small Business.
Thank You
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