Starting a business is no joke, whether it’s small or not. Luckily for you, this article will be running through the myriad of dos and don’ts that you need to know before you take the leap. So, what’re you waiting for?
Don’t Spend Too Much on Appearance
Having your first office is a great feeling. As it’s an embodiment of you, you want to make it look as best as possible. This would tempt you to spend a lot on its appearance, especially furniture. This is a horrible thing to do as if you’re not a design company, you’ll be wasting a lot of cash.
The interior just needs to look nice, not extravagant. Your customers are going to care more about the work you do than anything else, so keep this in mind.
Do Be Approachable
One of the most important things you’ll have to make sure of is your demeanour. You need your workers to be able to communicate with you freely. There’s no way they can do this if your demeanour isn’t the best. So, always try and be friendly, especially make conversation with them.
If you don’t, they’ll not communicate with you which will cause a range of work-place blunders. In fact, you could seriously lose cash because of this.
Do Be Nice to Customers
Customer is king, as they say. You need to keep this in mind and treat them like they’re royalty. Whatever you do, don’t lash out as this would prevent them from working with you. Most importantly, it’ll ruin your reputation which is basically shooting yourself in the foot.
Do Get A Lawyer
Corporate lawyers are a must. You need to work with the best ones as otherwise, your business is going to sink. You could make the wrong move, risking your assets as your business structure could be illegal.
What’s more, your work place environment could be breaking the law. Unfortunately, you weren’t aware of this. So, you’d get sued.
Moreover, the lawyer would help you figure out the best entity for your business. In the long run, this would contribute to your growth.
Do Get Registered
Depending on what you’ll be selling, you’ll have to consider registering for GST. Otherwise, you’ll be breaking the law.
Do Befriend Your Suppliers
You and your suppliers need to be amiable. They’re the people that get you what you’re about to sell, so if you can form a relationship with them, you could get a considerable rate and access to goods before anyone else. They’d also take extra care with your products, which is something you want.
Don’t Forget Insurance
You need insurance. If you started a clothing store and it burned down, what would you do? You’d not only have lost the establishment, but a myriad of stocks which weren’t the cheapest to get. This could happen at any time which is why insurance should be immediately bought.
Not only could your clothing store burn down, someone could steal from it. This is the most probable situation that could happen and thankfully, the insurance would pay for anything lost.
At the end of the day, the above points would help you the most, so make note of them!