Now that you know what to consider before starting a business , we are going to detail the 5 general steps so that you can create your company .
1) Business plan
A business plan is a detailed document that describes a company's objective, strategy and plan of action .
It usually includes information about the target market, business model, organizational structure, financial projections and marketing strategy. Yes, it is a key document for every company!
The purpose of this document is to number data help you define your goals and design a plan to achieve them.
It is also often used to attract investors, request loans (this is related to the external sources of financing we saw in the previous section), or to guide the long-term growth and direction of the company.
It is important to clarify that this is not a document carved in stone : the business plan has to be updated and revised regularly as the company evolves.
Extra tip: shape your project with this free template to create a business plan , designed based on the Canvas model. It includes trigger questions to make it easier to create!
This is the first step to creating a company , now let's go to the second.
2) Registration
The legal framework of your business is essential for operating in the market.
In this step, you have to register your company name and register your business with the corresponding agencies, depending on the country where you are located.
3) Permissions
What industry is your business in? Apparel? Food? Professional services?
In addition to registering your company, you must obtain the corresponding permits to operate legally and in accordance with the requirements of the industry in question.
Do you know this brand? Read its story here:
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ÍNTEGRA: nutritious foods co-created with the Lau Romano community
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4) Online store
You already have your business plan and your company registered and established. It's time to create your online store !
An online store allows you to have your business open 24 hours a day, all year round, increasing your sales chances .
In addition, your potential customers can purchase from the comfort of their home and pay with their preferred payment method.
We invite you to learn how Tiendanube works and why our platform is the ideal ally for your new business.
Boost your brand by creating your own online store.
5) Strategies
Although this point is part of the business plan, we believe it is important to give it a separate mention.
In addition to understanding the steps on how to create a company , it is important to know how to maintain it, what strategies to implement to keep it alive and, of course, make it profitable.
To do this, it is important that you think about and implement strategies for:
Customer acquisition . Where are your customers? What is the best way to attract them?
Company promotion ( branding ). How can you position yourself in the market? What is your competition doing? What sets you apart?
Selling products or services . What is your sales goal for the next semester/year? What promotions or discounts could you offer to achieve that goal?
Loyalty . How to keep your customers happy? What can you offer them that the competition can't?
Thinking about these strategies means going one step further than creating your business: it means thinking big and ahead.