The main tasks of an entrepreneur, or what and how to do if you are an entrepreneur
Being an entrepreneur, at least a successful entrepreneur, is not just leaving your job and starting your own business. A successful entrepreneur (or one who wants to become one) has…

Continue reading →

How to make money on tea?
In order to open your own business you need a business idea, of course. Today we’ll tell you about one interesting thing - we’ll call it “how to make money…

Continue reading →

Coronavirus is considered force majeure ?! How to foresee a contract or supply breakdown
The spread of the coronavirus COVID-19 officially received pandemic status, i.e. global epidemics. However, the effect for the business became obvious much earlier: companies faced with non-fulfillment of contractual obligations…

Continue reading →

How to establish a business

On the topic of how to establish a business, I already wrote in an article on how to organize your business. But since setting up a business is not the easiest thing, let us return to this topic again. In the future, we will probably come back again. In today’s article, I will share my opinion on how to establish a business in terms of its systematization, i.e. division of business processes into several subsystems and their integration, and organization.

I would like to note (although for you, the reader, from the point of view of running your own business it may turn out to be insignificant), that this article was placed under the heading “Starting a business” and not “Doing business”, although, probably, the second would be more correct. But, I think that it is necessary to establish business processes at the very beginning of their business, therefore the article is placed in the “Start of Business”. Although I understand that for a completely novice entrepreneur this is not an easy task, but it is necessary to strive for this.

how to establish a business
How to establish a business or what needs to be done to improve it?

What business processes need to be established?
Firstly, it is important to note that the business is a single whole, and its division into separate elements is done from a practical point of view. It is true that there are different business processes with different intermediate tasks and goals, but they are very interdependent, and in the end they are still responsible for a single result – profit. Profit is the ultimate goal of any business, this is not discussed.

So what business systems need to be set up? I list some:

The system of organization of work in business.
The system of motivation and personnel management.
Communication system at the enterprise.
Communication system with customers (existing and potential).
Competitive and market tracking system.
The system of training, growth and development.
Systems closely related to the specifics of a particular business.
The list, of course, is not exhaustive. All these processes, in fact, are part of some more global business process that we are trying to establish. For example, staff training and communication in an organization are part of HR, tracking competitors and the market is marketing, etc.

What am I saying? And besides, it’s very important to systematize your business like this to the last link, and to improve each of them. One weak link can adversely affect the business as a whole. Just like, for example, if any one part of the car fails, it will not go. This is the interaction in the system. Replacing one part of the car, you fixed the whole system – the car went. It can be the same in business: systems are so arranged – many elements, one whole.

And again, why am I telling you all this? After all, the article is about how to establish a business. In order to competently establish a business, friends, it is important to understand it as a system, put it on the shelves and consider each individual business process as an opportunity to establish and improve the business as a whole.

“We fix everything said in writing”
CEO of PG Brand Reforming Company - We made the decision to switch to temporary remote work together with Vitaliy Yatskevich, who runs our Polish office. We in Minsk are…

...

Common Small Business Mistakes
A couple of days ago, I began to think, and what are most often mistaken? I mean us - small entrepreneurs. What are our most common mistakes? I thought, honestly,…

...

Learning business by watching others succeed
In this article, we’ll analyze and learn business lessons from two completely different stories: the Barack Obama campaign and the Google success story. 6 business lessons from the Barack Obama…

...