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What are the essential steps in starting a business?

To successfully start a business, it is necessary to proceed in stages. How to do it ? Where to start ? All the answers.

Have you decided to start building your business? It is important to think carefully and not to neglect several essential steps. Find an idea, look for the name of your future company, finance your project... So many points to think about before taking the plunge.

1 – Find a business idea

Do you want to start your business but haven't found the idea yet? You can create an activity based on the experience and skills you have acquired. Duplicating a known activity by simply switching from employee to employer significantly improves your chances of success.

Another option is to create a business by taking advantage of a new trend. This means regularly consulting magazines and media that refer to startups or entrepreneurs and monitoring the latest innovations on the market.

2 – Make sure your project is relevant

After finding a business idea, you will need to ensure its relevance by conducting market research. This step consists of collecting and analyzing information relating to a specific market in order to know all its characteristics. Indeed, how do you consider selling a product or offering a service if you don't know who it is for or who your competitors are? Market research allows you to analyze your customers in detail.

The implementation of this project also requires taking stock of your personal situation. It is important to think about the change that the creation of a business will bring about, to become aware of the associated variation in income and to measure its impact on your family life.

3 – Find out about the formalities related to setting up a business

Several information courses provided by the Chambers of Commerce allow you to learn about the formalities to be completed to create a business. It may also be wise to join a network of project leaders in order to exchange with other entrepreneurs and promote the sharing of experience.

4 – Develop a business plan

Once the market study has been carried out and after knowing the formalities that await you, you will have to take an interest in the financial aspect of your project. The business plan details the context in which the activity will develop, the targets and their identified needs to which it is proposed to respond, the strategy implemented by the company being created, the method of financing the project, the development plan. evolution and the expected return on investment. This document allows you to explain to third parties (financiers, distributors, partners) what your project consists of. Do not hesitate to call on professionals to help you carry out your business plan.

5 – Finding funding

The business plan will be particularly useful for raising funds. To find the financing necessary for the realization of your project, you can turn to your bank or competing establishments. The State via the Regional Council may possibly grant you assistance in setting up a business.

6 – Setting up your business

After having chosen your legal status according to your starting capital, you will have to complete the formalities related to the creation of a business, namely:registration in the Trade and Companies Register (RCS), the constitution of a contribution , the drafting of the statutes, the choice of the corporate name. Finally, you will have to find a place to carry out your new activity.

Thus, the creation of a business results in a succession of stages and requires making important decisions. This project must be carefully considered before being implemented.