By English J.
As a way to get into company by yourself, this advisor to the necessities of self-employment can assist you switch your dream into truth. A guide of functional, common-sense recommendation approximately find out how to begin a solo enterprise, and the way to run it effectively, it goals that can assist you navigate your approach in the course of the most vital features of being your individual boss, yet with out weighing you down with plenty of aspect. The e-book can be approximately learning what you really need to get out of existence, and the way your paintings will be in concord with how you are looking to stay. it really is approximately greater than being self-employed and getting paid for what you do - it is in regards to the energy of being small.
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Extra resources for Going Solo in Your Small Business
Technical knowhow You have the technical skill and knowledge to produce and market the product or service. Network You have a sufficient network of contacts to be able to put the business together. Although many solo business operators prefer to work alone, nearly all successful ventures rely on personal contacts. Resources You can get hold of the assets and capital needed to organise the business for the start-up phase. Orders You are able to generate enough sales to provide the cash flow to operate through the start-up phase.
We will focus on newsletters, publicity and the relative merits of low-cost advertising. GENERATING SALES 55 Internet marketing is also an important element for solo businesses, and is discussed in Chapter 8. Marketing mix The marketing mix refers to the operational components of your marketing strategy. They are often called ‘the four Ps’— product, place, promotion and price. Managing the marketing mix is analogous to baking a cake. The marketing strategy is your recipe and the four Ps are your ingredients.
A proprietary company is usually formed to obtain the advantage of limited liability for individuals who might otherwise conduct business as a sole proprietor or a partnership. The name of the company must contain the words ‘Proprietary Limited’ or the abbreviation ‘Pty Ltd’. A single-person company need only have one director and one shareholder, who can be the same individual. A proprietary company must also have a company secretary who may be a director and shareholder. The duties of a company director are complex and you should be aware of the personal responsibilities that you face.
Going Solo in Your Small Business by English J.