It is true that many companies were established after careful consideration and careful planning, and there may be many companies that were established almost overnight in a hurry. Some people are eager to work independently, but they are fired before they have done it. Although it can cope for a while, the future development can only be resigned to fate.

Similarly, many companies initially planned to run a certain business, but in the end they did another completely different project. Of course, this does not mean that careful planning before starting a company is useless-this view is obviously incorrect, but points out one of the basic keys to the success of an enterprise-flexibility. For example, a few years ago, Microsoft had no intention to enter the Internet at all, but they soon realized their stupidity and adjusted their focus almost overnight. This is an example worth learning.

Here are seven basic steps to start a personal company:

Step 1: Self-assessment

First of all, carefully evaluate your own situation and situation. Why do you want to do business? Do you need money, freedom, creativity or other reasons? What skills do you have? What industry do you know better? Do you want to deal in products or provide services? How much money are you going to inject? Is it full time or part time? Wait a minute. The answers to these questions will help you narrow down, concentrate, and finally choose the industry you want to run.

Maybe you don't know which industry suits your idea. If so, you can get hints in many places. Look through the yellow pages of the telephone, attend trade exhibitions, buy business magazines, go to the small business association to check, read the business section of the newspaper, etc. , will help you finally find the right industry for you.

Step 2: Analyze your chosen industry.

Once you decide on an industry that meets your life goals and lifestyle, you should start to think about your ideas further. Who will buy your products or accept your services? Who will be your competition? At this stage, you also need to calculate the initial capital.

Step 3: Legalize the company.

There are many ways to form a company. It can be operated independently, or it can be a joint venture or cooperation with others. As I mentioned many times before, although the initial investment of the joint venture company is large, it is definitely worth it. The joint venture company is an independent entity and bears the legal responsibility of the enterprise. In case something happens, the individual will not bear any legal responsibility.

At the same time, it is necessary to apply for relevant business licenses and permits. Different cities, regions or countries have different requirements for different industries and need to apply for different licenses and certificates. At this time, we can also handle insurance for the company and need to find an excellent accountant.

Step 4: Draft a business plan.

A business plan is absolutely necessary if funds are raised from other sources. However, even if you plan to invest by yourself, the business plan will help you know what you need at first, what you need to do and when the company will start to develop in that direction.

Step 5: Raise funds.

Decide whether to raise money from "angels" or venture capitalists according to the size of the company. Many small businesses started with credit cards, personal loans and family fund-raising. As a rule, in addition to the initial funds, it is necessary to prepare a daily income and expenditure budget for at least three months.

Step 6: Build a factory building.

Determine the location, negotiate lease and purchase materials. Install telephones, print stationery, hire employees and set prices. Don't forget to hold a grand opening ceremony.

Step 7: Test run and find loopholes.

After a period of operation, we can know which practices are beneficial and which practices are not helpful to the development of the company. According to the business plan, but also need to be open-minded and innovative. We should vigorously advertise! Don't worry about making mistakes. The most important thing is to enjoy the business. After all, running your own company is one of the greatest happiness in life.