Starting a business preliminaries
- It starts with a dream and an idea
- Analyze your business idea by doing a SWOT analysis
- Assess your strengths and weaknesses as an entrepreneur
- Establish business and personal goals
- Establish start up costs
- Assess your financial resources
- Decide on your business location
- Identify a team to work with (director and partners
- Do a thorough enviroment research
- Identify your customers
- Identify your competitors
- Assess amount of capital needed for start up
- Develop a marketing plan
Step of setting up
- Select company registration consultant
- Select a business name preferably a catchy one
- Choose a form of organization (Private Business Corporation, Private Limited Company, trust
- Select a banker and set up a business checking account
- Establish a line of credit (if possible)
- Select an insurance agent and obtain business insurance
Don’t leave out
- Prepare corporate brochures
- Build a business website
- Set-up corporate email accounts
- Get business cards
- Obtain a lease if neccsary
- Line up suppliers (if applicable)
- Get furniture and equipment
- Obtain business licenses or permits (if applicable)
- Register with NSSA to get SSR number (if applicable)
- Register with ZIMRA to get a BP & PAYE number (if applicable)
- Join a professional organization or network
