How do start business or what initial will take to start new business?

There are a number of considerations in the process.

-First of all there is the investigation in to the business output. This is what service your going/intending to supply.

-Once you have your "product" you need to investigate the demand for that service/product. This will include identifying where you will market the product, what is the demand, what is the competition in the marketplace and in the local area you intend to run the business.

You will look at all and ny competition now and in the foreseeble future. This is vital as competition will aim to take away your trade as you will aim to take theirs.

You will look at the expected sales and the expected out lay in the first 5 years. You will most certainly make losses in the first years as you have to purchase business related items.

You will need to identify what capital investment you will need to start the business to the point where finance starts to come in.

This is vital as in this area you will need to identify such things as premises, equipment, utilities (heating, light, water etc). The costs will vary according to what the premises will need to start trading. i.e. If a shop you need displays, stock to see and in warehousing, display lighting etc (all as an example )

If a factory you will need the machinery, licences to make the prduct suppliers to purchase from,

Once you have established these (and the list here is not complete) you will need to create a business plan. This will show what you identified as the product, the sales and market depth you will attempt to break into, competition, any unique selling point you have above all others, any potential threats to business (vital for the bank manager to see) what you intend do ing to review the threats. Advertising to gaim impact with customers

The cost of the initail set up of the business, the expected cash flow, what if any investment you require, why you need it, what you will spend it on and how you will pay it back and the period of time to pay it all back to break even. This will include interest charges made on any funding .

All licences required to operate the business, staffing (labour) cost of hiring and wages, taxes, utilities and equipment.

Once you have gathered all this you can then meet with a range of banks and discuss how you will work with these to open your business.