Page 14 - The Notice Board JULY AUGUST 2021 edition 69
P. 14
Page 14 July-August, 2021
How to Start a Small Business at Home
with the Registrar Generals business, it's a good idea to
Department.. Set up a home office check on the national and local
If you plan to work from home, requirements. Some districts
Set up a business bank it's a good idea to set up a will require a business license
account designated home office. This or permit, and you could be
Once you've established your can either be an empty room in fined for failing to follow these
business entity, you should your home or just a designated requirements.
set up a business bank corner in your bedroom. But Depending on the type of
account. This is important you want to choose an area that business you plan to run, you
because it separates your will offer you a certain degree may need to look into local
personal finances from your of privacy. Also, be mindful of zoning laws. Once you've
business finances. the background, especially if chosen a business structure and
It's a good idea to partner you'll have to conduct client fulfilled your district's
with a local bank so you can registration requirements,
e s t a b l i s h a p e r s o n a l check to see if there are any
relationship. Many people other laws that could affect
find that smaller banks are your business.
more helpful and are able to
respond quickly if a problem Come up with a marketing
occurs. plan
Marketing is crucial for
Look into insurance building a successful business,
There are a number of risks but too many business owners
that come with running your go into it without a plan. This
own business, including lack of planning often leads
lawsuits, data breaches or calls regularly. them to spend a bunch of
business interruption. So, money without seeing any real
you should start by making Work with an a Consultant, results. Or worse — something
sure you have the right like Dilton Consult. does work, but they have no
insurance. It's a good idea to Taxes are confusing to most way to recreate it.
speak to an insurance agent people, and they get even more That's why it's essential to start
for recommendations that are complex when you're running with a marketing plan. A
specific to your business. a small business. Plus, you marketing plan will outline
how you plan to get the word
need advice on how to
structure your business, how to out about your new business. It
will typically include:
To Advertise call set up payroll and how to track
your expenses. That's why it's a · An overview of your
055 6533307 good idea to work with a marketing goals.
020 8131656 consultant. They can help you · A description of your
with all of this and ensure that target market and customer.
URL: www.diltonconsultghana.com your business is up to date with · A timeline of tasks to be
the most recent tax laws. And completed.
E-mail: diltonconsultgh@yahoo.com in the unlikely event that your · Important metrics to
: info@diltonconsultghana.com business is audited, they can track along the way.
walk you through this process.
From there, you can outline
C h e c k o n a n y l e g a l your plans for your website,
requirements social media channels and
Anytime you're starting a new Continue on pg 5
