Each structure has its own advantages and disadvantages
Business plan The first step when starting any business is to create a business plan. This plan will serve as a roadmap for your craft business and help you identify your goals, target audience, competitors, pricing strategy, and marketing plan. Take the time to research your market and competitors, and make sure the goals you set are realistic and measurable. In addition, you also have to determine whether you will sell online through Shopee, Lazada, Tiktok or participate in fairs or open a store in a certain location. Do you need more staff or will you "handle" everything from a to z yourself.Receive a free Guide Kit to help you start an online business froZ DB to Data successfully!cide on business structure Enterprise structure Enterprise structure You will need to decide on the legal structure of your business. Will you be a sole proprietorship, partnership, LLC or joint stock company? so it's important to choose the one that best suits your needs and goals. Register your business Register your business with local authorities. This step will ensure that your business is legal and recognized, and will also help you obtain the necessary.
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Certifications and licenses.Get licenses and certificates Speaking of licenses and certifications, you will need to get the right ones for your business. Depending on the type of handmade products you sell as well as the place where you sell them, you may need a business registration certificate, business license, retail business license, etc. Step 5: Open a business bank account To separate your personal finances and business finances, opening a business bank account is important. This will also help you keep track of your income and expenses more.
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