18, January 2016

Starting Up Your Own Company

Making the decision to stock you own company after leaving your full time job can be an exhilarating experience however it can also turn out to be a disaster is not planned. You will need to consult with a professional business person about how to go about your new business and what steps you should take to prevent running at a loss and potentially losing your company. During the first few months of your business you are unlikely to make much of a profit and therefore you will need to run at the minimum cost possible even if this means running the entire company by yourself.

How to start your own company

Company formation in DWC Dubai is not an easy task however if done right you can become one of the most successful entrepreneurs around. The trick is to know how much to invest at the beginning and to not go overboard. One of the biggest mistakes companies make is to overestimate how successful the company is going to be and how soon. Although it is important to run an advertising campaign at the beginning to let people know you exist it is important to stay small until you have managed to collect enough of money to be able to confidently run a campaign knowing you will not run at a loss.

You may have left your full time job thinking that your new life is going to be easy however running a company is not easy. Company formation means you would have to work double the amount of hours you work at your full time job where you will have to spend the entire night working on your company because you will not have enough of money to hire someone to do it for you.

Thinking of starting a company most people think that they will be able to hire a number of employees and have them do the work for them. The employees means salaries and you are unlikely to be able to pay too many salaries at the beginning. Therefore you will be doing almost all jobs in your company from managing the company to accounts to even cleaning the floors. While it is a lot of work there’s also a lot of satisfaction in knowing that it is your own company and that it is growing. It feels good not to have to take orders from anyone and therefore you will be motivated to work even 48 hours in a row to make your new company. One of the most important things is not to give up even if it seems like your company is not working.