The first step in every organisation is to have a strong business infrastructure. We are sharing some tips to build a best infrastructure for your IT business.
2. The Business Structure
Select a name for the business. Obtain a copyright for the business name if needed.
Decide how your business will be formed. The requirements and business documents
necessary to start a business vary from state to state.
3. Developing a Business Plan
Research possible competitors in your area. Obtain an overview of the market and
demographics in comparison to your business model, as well as a comparison of
products and pricing. To get this information, use tools such as your local library, the
Internet, and by interviewing like-minded business owners. Secondly, define the type
of operating environment the business will need during the initial growth phase.
Determine whether you will lease office space, purchase existing real estate, or begin
construction on a new building.
4. Budget and Finance
Create a budget for your business. The budget should include start-up costs, salaries,
operating costs and marketing costs. Detail the capital needed to survive the first
year, progressing through the next five years from startup. Define what financial
assistance is needed to start the enterprise, as well as where the financing will come
from.
5. Management
Create an organizational chart for the business, detailing the positions needed to start
the business, ranging from CEO and management to general staff and hourly
employees. Create a projected growth list. Include future employees needed and
materials or tools you might need as the company expands. Prioritize these items
based upon need and budget.
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