SETTING UP A BUSINESS; THE TACTICAL ISSUES

DEMETRIS C. HADJISOFOCLI

ENTREPRENEURSHIP FRONTIER NETWORK, LTD.

THE RULES

• DECIDE ON A BUSINESS STRUCTURE

• REGISTER YOUR BUSINESS

• UNDERSTAND TAX RESPONSIBILITIES

• PURCHASE INSURANCE

• LEGAL SERVICES

OFFICE SET UP

• FIND SPACE

• OFFICE FURNITURE AND EQUIPMENT

• OFFICE SUPPLIES

• CHOOSE HW/SW

• GET CONNECTED

• BACK OFFICE SYSTEMS SET UP

• SHIPPING ACCOUNTS

• TECHNICAL SUPPORT

ANYTIME/ANYWHERE MOBILITY

• MOBILE DEVICES

• PORTABLES WITH WI/FI

• MOBILES

• REMOTE ACCESS

• SECURITY

• COLLABORATION SOFTWARE

BRANDING

• NAME

• LOGO

• DEVELOP AND PRINT MARKETING MATERIAL

• WEB SITE

• DOMAIN NAME

• IP PROTECTION

PROMOTION

• RESEARCH THE MARKET

• DEVELOP MARKETING PLAN

• PLACE ADVERTS

• USE SEARCH ENGINES

• USE PR RESOURCES

• CONSIDER TRADE SHOWS

• TRACK RESULTS

SALES

• DEVELOP A SALES PLAN

• SET UP PAYMENT SYSTEM

• SELL ONLINE

• SELL OVER THE PHONE

• SELL VIA RETAIL

• SET UP A POS SYSTEM

• GET CUSTOMER CREDIT RATINGS

• TRACK CUSTOMER RELATIONSHIPS

FINANCES

• ESTIMATE COST AND REVENUE

• FIND CAPITAL

• DESIGN CASH MANAGEMENT SYSTEM

• HIRE AN ACCOUNTANT

• CHOOSE INTERNAL ACCOUNTING SYSTEM

• SET UP BANKING SERVICES

• INVENTORY MANAGEMENT

HUMAN RESOURCES

• EMPLOYEE STATUS

• RECRUITING

• OUTSOURCING POLICIES AND DECISIONS

• UNDERSTAND EMPLOYMENT LAW

• TAX ISSUES RELATING TO EMPLOYEES

• EMPLOYEE BENEFITS

• TRAINING

• PAYROLL

• RETIREMENTS PLANS ETC

OPERATIONS

• PROCESS FLOW

• INVENTORY MANAGEMENT AND CONTROL (JUST IN TIME)

• SCHEDULING SYSTEM

• RESOURCE MANAGEMENT

• SUPPLIERS (SUPPLY CHAIN MANAGEMENT)

THANKS FOR YOUR TIME