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The ultimate checklist

By Louise M. Francisco

Jul 11, 2012

We bring you the ultimate checklist of basic requirements for setting up a business :

1.    Legal documents
2.    Mayor’s Permit
3.    DTI Registration of  Company Name
4.    DTI / SEC Documents
5.    Building Permit (if needed)
6.    SSS / Philhealth /
7.    Pag-IBIG registrations
8.    Business plan
9.    Required capital
10.    Entrepreneurial skills

And the entrepreneur has to pay attention to the following issues:

The external environment
• The dynamics of the country’s economic indicators, such as inflation and GNP (gross national product), affect consumers’ disposition to buy.
• The degree of competition in the sector determines your market positioning.
• A good set of suppliers will determine how you could get resources at least cost.
• You need to pay close attention to daily operations to control costs.

The internal environment
• Concrete operational and functional policies should be consistently observed to avoid conflicts in decision-making and delivery of tasks.








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Comments

1. iritof says: Now after you understand what formal steps you need to take to start a business the next step is to understand what Brain - Attitude Motivation isBrain does not mean brainy It means you have or have developed knowledge in a niche perhaps from a hobby job and other life experienceAttitude means you are a positive optimistic person who works well with others Motivation means that you want to build a business and take control of your life If you do have BAM Taking back ownership of your life by building a profitable long-term e-businessIs possible only if you have the right support There are many companies that you can use for help but you need to do a research and fine the right match and check carefully because some companies giving you unclear instructions some just created to extract money I searched for years I spend money on all kind of programs and found out that clear instruction and good customer support is the key to success
July 24, 2012 at 11:58AM

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