Setting up a new firm Checklist to keep in mind while setting up a new business/start-up: 1. Make sure you have a properly drafted business plan – This is extremely important since after a while you would need to go back to basics and look back at what it was that you wanted to do as a firm, what is your company fundamental and why did you start off the business in the first place. a. A raw plan with a lot of detail is anyday better than a strong idea with no detail. b. A business plan has components describing the whole answers to what, why, where, when and how of the business. 2. Registering a company – Initially the whole setup of the company and registering the firm with the legalities of the system gets over whelming for the majority of people. Let me give you some pointers from my own experience on where you could water-down your company registration: a. Start off your firm with just a n...
Memoirs from a time undefined.