What preparations do you make before starting a business?

You need to do a lot of preparatory work before starting a business. The following are some important preparation items:

1.** Market research * *: Before you decide to open a store, you need to conduct market research to understand the target customers, competitors, industry trends and other information, so as to formulate appropriate business strategies.

2.** Business Plan * *: Make a business plan, define business objectives, products or services, market positioning, sales strategy, financial budget and other contents, and make a clear road map for your own entrepreneurial road.

3.** Capital preparation * *: Starting a business requires capital investment, and it is necessary to prepare funds, including self-owned funds, loans and investments.

4.** Legal Affairs * *: Entrepreneurship needs to comply with relevant laws and regulations, and it needs to go through relevant registration, licensing, taxation and other procedures to ensure legal compliance.

5.** Personnel recruitment * *: To open a store, employees need to be recruited, as well as recruitment plans, recruitment standards, recruitment processes, etc. It needs to be formulated to ensure that the right talents are recruited.

6.** Supply chain management * *: To open a store, it is necessary to establish a cooperative relationship with suppliers, formulate procurement plans, procurement processes, supplier management, etc. Ensure sufficient supply and reliable quality.

7.** Store location * *: Store location is an important part of opening a store, and factors such as convenient transportation, people flow and competition need to be considered to ensure that the store location is suitable.

The above are some preparations that need to be made before starting a business. Of course, there are other details that need attention, such as store decoration and advertising, which need to be considered according to specific circumstances.