Build and formalize your business

[Dimaeiya333]

Your objectives should include a marketing and sales section. How?

Offer a product or service that provides unique value.
Set a budget for the expected expenses for your marketing campaigns.
Establish the means to promote your product or service, sales and distribution plan.
Determine a pricing strategy
Execution Stage

Once the above has been defined, it is time to put into action everything that was planned. One of the important points or the one that has the most weight at this stage is money.

Normally when starting a business it happens that the budget does not chief vp sales marketing officers email lists fit the plans, but it is very important not to get into debt with loans from the beginning.

The most ideal thing is to have the resources to make the initial investment. However, if you do not have that, regardless of the reasons, then you have to look for a plan B, “Financing.”


It often happens that entrepreneurs do not formalize their business to avoid paying taxes, but doing so will allow you to:

Protect your assets
Ability to issue payment vouchers
Qualify as a credit subject
Being able to sell and buy without restrictions
You will also need to:

Designate whether your business will be incorporated as a natural or legal person.
Determine the type of company or business. The legal structure of your business needs to be described. There are 3 basic types of legal entities:
Sole proprietorship: This type of business gives you complete control over your company.
General partnership: if your company will have several owners.
Public limited company (formed by individuals or shareholders).
Register the name of your brand or business.
Create an organizational chart to graphically represent your employees and managers. This will also help you balance the financial and legal protections of your business.

Looking for funding
start a business

The vast majority of businesses finance their new venture with their own capital, but when this is not possible, they look for the option of a loan. These can be from family or friends, credit cards, financing from small or large businesses, banks, financial institutions geared towards SMEs, among others.

In many cases, successful professionals or emerging companies also invest in new businesses in exchange for a high rate of return.

Team and Organization
Always look for employees who complement your skills but first analyze your weaknesses and strengths.

Create a job description and prepare benefits to offer with the compensation package, conduct appropriate interviews and build your team.

LinkedIn is one of the platforms you can use to find people who meet the right skills.

Once you have selected your staff, train them and let them know what your objectives and mission are so that they can feel committed to you and your goals.

Sellers and Suppliers
Determine what type of supplier you need for your products or services. Get quotes and compare quality and prices.

Avoid purchases from third parties or informal companies, make sure the process is reliable and transparent.

Factors to consider:

Reputation and experience
Discounts
Refund policies
Warranty and duration
Delivery time of the product or service.
Choose a space
Consider the needs and requirements when choosing a location, tax implications, licenses and permits, whether it is necessary to buy or rent, services, accessibility, among others.

Give it your personal touch and decorate or adjust the design according to the type of business, always focusing on functionality rather than aesthetics.

Business Insurance
If you want to protect yourself from losses and risks as your business grows, you can rely on the types of business insurance for a new business, such as:

Compensation for work accidents
Professional civil liability
General liability insurance
Open and promote your business.
It is through actions, time and effort that benefits grow.

start a business

Pay attention to the needs and understand your customers.
Develop valuable products and services.
Customer service should be one of the best services, because it makes customers feel satisfied and special.
Responds quickly and efficiently.
Promote your business on social media , with family and friends, showing the location, date, and the services or products you will offer.
Remember that it is not just about getting customers to buy, but also about building loyalty. When it comes to promotions and discounts, inform them first.