SMALL

BUSINESS
BASICS
How can beginners start?
 WHAT IS THE CONCEPT OF SMALL
BUSINESS?

Small business is defined as a privately owned corporation,

partnership, or sole proprietorship that has fewer employees
and less annual revenue than a corporation or regular-sized
business.
HOW DO I START MY SMALL BUSINESS?

Conduct your market research.

Create your business plan.

Decide on your business structure.

Register your brand name.

Secure licenses and permits.

Some businesses are more
profitable than others.

This can be due to expenses and

overhead being low or that some
businesses charge more for their
products.
MOST PROFITABLE SMALL
BUSINESSES

Tax Preparation and Bookkeeping

Business Consulting

Catering Services/Food Delivery

WHY YOU NEED TO CONDUCT MARKET RESEARCH?

Market research will tell you if there’s

an opportunity to turn your idea into a
successful business.
CASE STUDY

Business plan writing for a

local veterinary clinic
SOURCES OF FUNDS

• Personal Savings
• Creditors
• Banks
• Loans
• Collaterals
TIPS ON PICKING THE BEST LOCATION FOR
YOUR BUSINESS
 The legal structure you choose
for your business will impact your
business registration requirements,
how much you pay in taxes, and your
personal liability.
reallygreatsite.com
business name website

branding marketing