With Covid-19 being declared a pandemic, the world has witnessed tremendous change in the business scenario. Many companies have shut down & millions of people have lost their jobs in all levels & industries. This guide will provide you with valuable ideas that you can implement & start your dream project.

1. Start Your Own Business: List of Things
You’ll Need to Do
With Covid-19 being declared a pandemic, the world has witnessed tremendous
change in the business scenario. Many companies haveshut down & millions of
people havelost their jobs in all levels & industries. You may not be interested to
apply for another job for the lack of security. The prevailing situation may prompt
you to know how to starta business fromscratch with less capital. This guide will
provideyou with valuable ideas that you can implement & start your dream
project.
How to start a business – Useful steps to follow
 Determine business viability: Find out if there is a demand for your products
or services in your region. Identify your nichemarket and be honest about your
findings.
 Share your startupplan withyour family: Without cooperation & assistance
fromyour family, you will not be able to tackle many challenges in business.
 Business plan: Developing one will offer financial projections and get to know
the details. Revisit your plan & make a logical approach & changes as & when
deemed necessary.

2.  Money source for working capital: You need working capital to operate your
business for sometime until you startmaking profits & surplus. Find outwhere
to get this money. You can approach your friends, relatives, spouse, or financial
institutions for loans.
 Choose an appropriate name for your business: Thename chosen for your
business should relate to your products and be remembered easily by your
target audience. Check out with a professionalif your desired name is already
taken or available for your registration.
 Legal structure: You need to protect your personalassets. This will require
incorporating your startup. Discuss with your attorney aboutthe type of
business structurethat you desire to have.
 EIN application: This is the next step to follow on how to starta business. EIN
stands for Employer Identification Number, where the business is
differentiated from its owner. This is essential to open a currentaccount in any
bank in the country. this way, your socialsecurity number (SSN) is also safe
fromfrauds.
 Bank account: You can visitany local bank to open a currentaccount for your
business.
 Establishan accounting system: On activating your business bank account, the
next step is to select a viable accounting program. Itshould be upgradableto
allow future business expansions & growth.
 Business license: This will depend on your business location &
industry chosen.
 Rent office/retailspace: This step is essential to start your new business.
The location to choose, space required & other facilities will depend on your
investment. Well-selected office space is sureto providedividends in the long
run & attract huge customer traffic.
 Business website: Onceyour business nameis registered, the next step is to
create a website. Itshould have all the information about your business, the
products or services you have on offer. The different webpageshould be
attractive, informative, relevant & easily understood.

3.  social media profiles for your business: Onceall documentation part is
completed, the next step is to promoteyour business among your niche
audience. There are several popular social media channels where you can post
your offers & details about your business happenings. Itincludes Twitter,
LinkedIn, Facebook, etc. This will not only help your business to reach its niche
target but also make you awareof your presence. At the same time, it will also
be beneficial to create a strong brand in the future.
 Assignresponsibilities:If you haveco-founders or hired staff, then you need to
delegate their responsibilities. This should be done in writing to ensurethe
smooth functioning of your business.
Following the abovesteps will allow you to know how to starta business without
any hassle.