Starting own business is a big step. It is exciting, challenging, and even a little bit scary all at the same time. There are some important things to think about and some big questions to ask before going into business: why do one want to start business?; what is ones business idea or what will business do?; and is this for one? The information in this guide will help one start on journey in the best possible way. In this context, the report provides the following: developing a business idea; researching the market; writing a business plan; developing a budget; choosing the right location; setting up business records; funding the business; basic business management tools; building alliances and sharing talents; don’t be afraid to ask for help; the importance of family support; key government agencies and where to find them; registering a business name; business licenses; permits; value added tax (VAT); employment, the minimum wage, and Vanuatu National Provident Fund (VNPF); different forms of business structure; and online resources.
Details
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Document Date
2011/01/01
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Document Type
Working Paper
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Report Number
115039
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2017/05/16
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Disclosure Status
Disclosed
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Doc Name
Business start-up guide
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Keywords
minimum wage;networking opportunity;word of mouth;description of good;sale of food;separate bank account;financial service;Business Advisory Service;small business loan;movement of money;access to land;business structure;legal structure;personal asset;commercial loan;operational budget;Public Transport;commercial business;licensing authority;commercial bank;municipal area;fair trade;online resources;democratic principle;audited account;formal business;outstanding debt;school council;social networking;cultural commitments;community activity;family finance;unrealistic expectation;Child care;business supply;raw material;management tool;application process;investment account;membership fee;finance company;business income;community group;financial security;loan repayment;transport cost;vehicle purchase;legal cost;running cost;cash reserve;average price;labour cost;town council;
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Citation
Business start-up guide (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/301321495005154461/Business-start-up-guide