Archive - August 2021

In this series about starting a small business, we are going through all the steps to take when you are starting your business.

But if this is the first blog post you are reading in this series, then you have already missed out on knowing your Why, What to think about and get ready when you start, and How do you actually start the business. You may want to go back and catch up on the last three weeks!

This week, we are going to look in some detail about how you check if your business idea is sound and capable of succeeding. This is called a Feasibility Study.

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As part of our series on starting a small business, we’ve looked at making sure you are clear about why you want to start your own business and what you need to think about, so this week we will look at the steps to take when you start your small business.

But first, I need to recognise that Teik Oh Dot Com is followed and read by small business owners across the world, so I need to say that the legislation and taxation requirements are different in every country, and even in the different jurisdictions like States or Territories that you may be situated in. So it pays to check and research with your own government agencies and tax authorities.

Indeed, the first step to take is to find yourself a good accountant who can guide you through incorporation and registrations.

If you don’t already know one, how do you find one?

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This is the second in our series of blog posts about starting a small business, and this week we will look at what you need to think about when you are planning to start a business.

Next week, we will continue and look at the steps you need to take from registrations to opening for business.

Starting a new business is not as simple as deciding what you want to sell and opening your doors – at least, not if you want to build a successful business.

A business is made up of many parts and you need to think about how these parts will work efficiently and at the right quality standards, right from the start, so that you design your successful business from the ground up.

There are three critical parts of a business, no matter what size and no matter what you sell,

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This the first of a series of posts about the life-cycle of a business.

First, we will start with the things you need to know and consider when you are starting your small business.

But don’t stop reading if you have already started your business, or if you believe you are operating a “mature” business! You may still learn a thing or two about setting up successful businesses, and you can still use some of these strategies to improve your growth or spurt the next cycle of expansion.

In this post, I will start with making sure you understand why you are starting your small business. In the next few weeks, I will talk about all the things you need to consider, and then later the “how” or steps to take, how to check your business idea through a feasibility check, planning, hiring your first employee, and setting up standard operating procedures.

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