Have you ever calculated the amount of time you spent on Facebook, Twitter or any other social networking sites? Or have you calculated how much money you spend for your daily expenses? If you have spent a part of these to establish your own business, you will be surprised to know how many businesses you can build with that existing time and money.
Instead of surfing just like that on social media websites, spare that hour to develop a new commercial activity. Here’s how you can launch a new business in just 60 minutes.
1) 20 minutes – Prepare for your new business
Create a business deck that has four sections:
- Objectives – Have a detailed version of your idea and figure out the finances needed to start the business.
- Problems – Draft those problems which your customers and clients are facing today.
- Solutions – This part should contain answers to the above problems and also the solution to fix them.
- Market Analytics – Conduct surveys to understand the market better.
2) 25 minutes – Launch your business online
- Select a name for your business which is attractive and eye catchy for your customers
- Log on to any domain name registrar and check availability for your domain name
- Book your domain name and web package
- Create your website with a single page overlay
- Meanwhile, create pages on different social networking websites to provide the visibility of your business.
3) 15 minutes – Check for your business legal registration
- If you are already running a business and want to merge the new ones to the existing ones, then you just have to call your CA and complete a few formalities.
- Otherwise, if you are starting your business from scratch, then opt for a general partnership.
- You can hire a professional service provider who is an expert in business entity formation and taxation solutions as well.
- Next, go for trademark registration of your business.
- Leave a message to the CA of the service provider you select and you are done with your business’s legal formalities.
Well, now you own a business model, a brand for your business and also the legal formalities in place in just 60 minutes. Kick start your business with the same enthusiasm in your near future.
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