Almost everyone is dreaming to run their own business, although only a fraction is able to there are some individuals who are able to put up a business but is completely lost. Well for starters it is really a daunting tasks and careful planning along with countless decisions is first needed since it is not something that you should rush to start.

Deciding what business to put up

Probably the hardest decision you will ever make is deciding which niche to enter and what products and or services to offer, most business gurus and experts will recommend choosing a niche of your interest and expertise this is fairly true since you will possess the knowledge and passion that help drive growth and development, however you must also take into account the market feasibility and commercialism.

Research, research and research again

Conducting research is one of the most important tasks before starting a company or any business, the results will give you an insight how the market will accept your products or services which will ultimately dictate your success. Be sure to conduct at least two to three researches with variable participants to obtain a good statistic. You can check online how to do market research or seek professional help.

The Paper works

After you have decided which niche to enter and conducted market feasibility research then the next thing to do is to do some paper works, be sure that your business will comply with all law requirements local and national. A friendly tip, check your local government website or better phone them to ask for the detailed list of requirements and considerations that you need to take into account so you can prepare accordingly before you apply for a permit to operate.

Your office - where the dream in pondered

You are pretty much all set and all that is left to do is the actual requirements of the business. Choosing an office or the base of your operations is also important since you need to maximize every penny that you will be spending on rent and infrastructure costs. If your products or services require hands-on selling like a restaurant, a laundry shop, a salon or an internet cafe then location is your primary concern, the busier the street you’re in the better. On the other hand if you are running something similar to a car rental, moving services, custom furniture or any other business that customers need not just run into your store and buy then you can settle for an office on a less busy place where rent is cheaper.

At times you can even go completely virtual meaning use your home as the base of your operations, however this may only be applicable for certain businesses.

Infrastructure set up

Investing on equipment that you need is as important as the choosing the niche, equipment like computers, networking devices and equipment that are specific to your business like tables, chairs, cooking utensils for a restaurant should be thought of carefully. Never settle for cheap items however this does not mean that you should buy the most expensive items out there. Choose products are sturdy and durable although you might spend a bit more t is worthy as time pass by.

Other infrastructure like communication platforms is also vital as any company big or small should have way to communicate with their customers and internally, technology today gives you the luxury to choose between two platforms, the traditional PBX and a cloud PBX which is a solution from VoIP technologies. Both are rich in features however a cloud PBX is well known for being cheaper however this doesn't mean that a cloud PBX is better in all aspects. What is best for you are often dictated how you run your business. Contact service providers of both platform and weigh the benefits.

Hiring your staffs

Be extra picky before hiring somebody to work for you, make sure that you thoroughly assess their qualifications. You can create posts in social networking sites and ads sites on your job opening to open doors a wider array of applicants. You can even hire overseas professionals to accomplish tasks that do not require physical contact like managing your website, optimizing it, invoicing and even managing sales and support calls.

Spreading the word

Marketing is very important and with today’s technology you can market in various ways to promote your products and or services. The internet is a good place to start, it almost free to market your website by doing organic SEO and utilizing social networking sites. However spending some dollars also pays in the long run like printing brochures advertising on radio and TV stations.

Author's Bio: 

David Clarkson is a well versed telecommunication engineer with years of background in the industry, In his experience the demand of structuring internal and external communications for small to large scale businesses was perfectly solved by Cloud PBX technology and has recommended it since then.