The main indicators are:
Product price: how much the product/service will sell for.
Demand volume: the amount of goods/services that people will buy from you per month.
Cost of production: how much you will spend to create one unit of product/service.
Fixed costs: payments that do not depend on the amount of goods/services sold, but that will need to be made regularly (for example, utility bills, rent).
The financial model is the basis for developing a business plan.
Search for sources of funding
The prepared business plan will help you understand the amount of start-up capital required to open an online business. There are no standards that determine the amount of taiwan whatsapp money required to start a project. The amount of investment required depends on the industry, planned production volumes, and a large number of other factors. You can start working without any financial investments if you do not need to purchase raw materials and tools to launch an online project. If you need investments, you need to decide in advance where to get the funds. The following options are possible:
Conclude a social contract and receive the amount established for this type of contract for the development of an online business.
Apply for a preferential loan from a bank to start an online business.
Enter the grant support program for young entrepreneurs under 25 years of age or social enterprises.
Get a grant for beginning farmers.
Search for sources of funding
If the options offered do not suit you, then you need to look for a business partner who is ready to make a financial contribution to opening your business.
Preparation of documents for the selected business area
It is necessary to study the legislation regulating business in the industry you have chosen. For some types of activities, you will have to obtain special permits and documents: licenses, certificates, declarations, patents, medical books, etc. In most cases, they are not required. But if you plan to work with children, provide catering services, produce food products, manufacture or sell alcohol, then knowledge of the laws and execution of relevant papers is mandatory.
Determining the location of business
The choice of location for doing business depends on the scope of your business and the scale of your project. It is most profitable to start working from home. But this is not possible for all types of online businesses. You can consider the following sites for running a project:
coworking;
business incubator;
mobile trade, fairs (weekend, thematic, etc.);
non-stationary trade facilities;
rent of office, retail, production, warehouse space, catering facility;
industrial parks and technology parks.
Choosing a legal form for online business and taxation system
For a budding entrepreneur opening his own business, the choice of the organizational and legal form and tax regime of the enterprise is not difficult:
Self-employment is suitable if you plan to produce and sell your own goods or services without using hired labor.
If you plan to resell goods or hire employees, register as an individual entrepreneur (IE). It is almost always more profitable for an IE to work under the simplified taxation system (simplified tax system, USN). If the cost of goods is more than 60% of revenue, it is advisable to work under the USN scheme - "income minus expenses", in other cases - under the USN-"income" scheme.
If a business is created by several individuals (founders), a limited liability company (LLC) is registered. The founder may be another legal entity.
Business registration
The process of registering your online business is very important for a new entrepreneur.
Registration as a self-employed person is simple and quick. You need to download the “My Tax” app to your phone and go through a quick registration (on iOS or Android).
To open an individual entrepreneur or LLC, you need to submit an application for registration at the My Business center, MFC, tax office, notary or banks.
To register an individual entrepreneur, the following documents are required:
general civil passport with registration;
certificate of assignment of TIN;
pre-selected types of activities with their OKVED codes.
To register an LLC, you must provide:
passports of the founders;
the address where the management bodies of the LLC will be located (letter of guarantee in case of lease or certificate of ownership);
charter of an LLC, which can be made based on the samples posted on the tax service website.