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5 Easy Steps to Create Start-Up

If you have some ideas in mind to build a start-up, you’ve landed in the right place! Assure you are on the same page that launching your own business is a long-term process and it won’t happen overnight. If you have never started a business yet, the first time can be a little spooky because it takes lots of hard work and planning. But if you have one, this is gonna addict you.

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#1 Start With Great Concept

Learning to start a business is to identify the pain point and find the right solution. This is time for ideation, is all about having numerous ideas. Defining solutions, filtering out not-so-great from the reasonable and then testing them. But, your idea doesn’t need to be a new one always. You can start updating existing products or services you offer in a way that is better for consumers. Don’t forget that this is just the first step! You will also need to validate customer identity for your startup idea.


#2 Financial Planning

Craft the business plan that will help you figure out how much money you need to build a start-up. If your budget doesn’t fit that amount on hand, you’ll need to either raise or borrow the capital. Banks are more likely to give loans to companies that can clearly explain how they’re going to use the money and why they need it.


#3 Protect Your Business

Bring your ideation to the next level by making it official and safe because starting a small business takes a lot of work, time, and money. This is the time for you to register your official business name, products, and services, and protect with the right business insurance coverage including general liability, business income insurance, data breach coverage, professional liability coverage, and commercial property insurance.


#4 Assure The Legal Step

Before you officially jump into the market, you’ll want to take the right legal steps to elevate the best chance to succeed. That includes creating separate bank accounts, tax registration, familiar yourself with industry regulations, build contracts for clients and others you plan to work with.


#5 Pick Your Nesting Place

From ideation of products or services to setting up your workplace, opening your dream startup can be a lot of fun. Whether you’re setting up a brick-and-mortar business or launching an online store, the choices you make could affect your taxes, legal requirements, and revenue. In many cases, you can get tax deductions for managing a commercial space, which is a benefit of owning your own place.

Find The Best Place To Dwell

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Select the first place to build your start-up that should be in the best location at a low cost. Highly recommend being in a virtual office where you can find the all-in-one solution. In Biliq Bali, you will start your first office in the strategic location in Seminyak or Sunset Road with administrative services, personalized voice-mail, call-answering, comfiest workspace, valuable networking, on-demand meeting room, and more. Book your virtual office today, and make your dream come true.

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