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1
Starting A Small Business – How Do I Start?
2
Starting A Small Business – What To Think About?
3
Starting A Small Business – Make Sure You Know Why
4
Your Employees: Performance Reviews
5
7 Ways Of Financing A Small Business

Starting A Small Business – How Do I Start?

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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Starting A Small Business – What To Think About?

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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Starting A Small Business – Make Sure You Know Why

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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Your Employees: Performance Reviews

What is the biggest asset in your business?

Your employees.

Good employees are valuable in any small business. Even if you don’t employ anyone right now, you will. Employees scale your business, doing what you alone cannot do.

Good employees can mean added productivity. They can mean experience. Good employees can help you grow because they become integral to how your business serves customers. Good employees make your business capable of growth because they do more work than you can, and they can be used to supervise and train even more employees as the need to hire continues with growth.

In time, good employees take over management, and you can finally achieve your dream of running your business – without fixing the nuts and bolts every day!

How do you build a team of good employees?

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7 Ways Of Financing A Small Business

Whether you are starting your small business, or planning to invest to grow an already existing business, you will come to a time when you need to find extra cash.

Here are seven ways you could finance your small business.

But first, we should discuss the good and bad reasons why you are seeking the extra cash to invest in your business.

Good reasons to invest in your business include starting a business with a proven market or product and expanding a profitable business. Starting a business with a totally new idea is riskier, so if you are borrowing money or investing your own savings, you should be aware of the higher risk involved.

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