How to Start a Service Business

In this post we will see how to start a service business,and the resources that are needed.

WHAT IS A SERVICE BUSINESS

A service refers to activities where, instead of selling a tangible product, something intangible is sold, taking advantage of a specific talent or knowledge.

In the case of using a talent, some business ideas are carpentry, gardening, sewing, etc.

And in the case of specific knowledge, there are services of lawyers, accountants, consultants, translators, etc.

REQUIREMENTS TO START A SERVICE BUSINESS

Before starting a service business,we need to check several points:

1. Demand: Is there a demand for the service? We can verify this by doing market research. (I recommend you check out MERCA2's ongoing market research course)

2. Offer and competition: How many services already exist in the city. It is a good sign that there is competition, since it indicates that there is a market. However, too much competition gives indications that the supply is saturated, and we have to look for another twist. You can check the competition in the yellowing section, and the size of the competitor.

3. Capacity: Most importantly, are you able (i.e. do you have enough knowledge and experience) to offer the service? For example, let's say you wanted to start an online business selling your own clothing brand. I would ask you the following questions before investing your time and money:

– Do you know web design or can you hire someone?

– Do you just start your brand or do you have time?

– Have you tried to sell your product before?

What we seek is to determine the degree of experience. If you have very little, preferably try to invest little money when starting your business (What business to put with little money),since you will be making many mistakes at the beginning (and mistakes cost time and money). If you already have enough experience, you can risk more money by putting your business in.

4. Legal hurdles: Did you verify that the business is legal? Many times we "think" that there is no problem in starting a service business,however, sometimes the government requests specific procedures that must be filled out before starting.

For example, appraisal experts are a highly sought-after service for renting and selling real estate. Although you have experience in the field, you need to apply for a special license to be an expert, not just anyone can be, and additionally fill out annually a number of hours of training to maintain the license.

5. Treasury or not?

Finally, if all goes well, the last decision is to decide whether to invest in the Treasury or not. This depends on the type of service, the size of the business, and whether your customers need an invoice to buy the service from you.

I recommend you ask for advice from an accountant, and check whether or not it is worth it at the beginning to register with the Treasury. Most likely, if you are going to put a physical business in a local, IF you have to register (you need in RFC in the procedures before the government).

STEPS TO START A SERVICE BUSINESS

The steps you can read into 12 steps to start a business. I also recommend you check out the CEUN 2.0 course, How to Start a Business,to develop your business plan and implementation in reality.

RESOURCES FOR STARTING A SERVICE BUSINESS

The resources you will need vary according to the turn. However, we will see 3 scenarios of starting a business:

Home delivery business

– Business

cards – Ads positioned in the

colony where

you

offer the service

– Landline and cell phone – Vehicle – Brochure and service catalog – Website

Business of services in commercial premises

– Rent or Purchase

of commercial

premises –

Conditioning of facilities

– Purchase

of furniture – Payment of advertisement

in yellowing

section

– Business cards

– Ads positioned in the colony where the service is offered – Landline and cell phone – Vehicle – Brochure and catalog of services – Website

Internet business of services

– Website

– Fixed and

cellular phone – Service software

معالجة البيانات

How to Start a Service Business