Useful information, key step to start a business

To make success a business/project, a structured approach is necessary. We suggest you the below following step to put the odds in your favour:


1. Having financial power or good ideas are not enough, a good preparation of the project through a structured approach will assure its perpetuity:


  • Define its objectives
  • Determine its available financial resource and its available time
  • Choose the activity domain
  • Working with specialists (Technical, financial, legal, etc.)
  • Improve its knowledge of the activity
  • Improve its knowledge of the local environment
  • Study the commercial and technical feasibility of the project
  • To Establish a specific and tailored business plan
  • Finalize its financing by optimizing the project financial balance


2. Determine a precise chronological action plan


3. Determine the detailed organization of the future entity as well as the initial team


4. Take into account local specificities


5. Choose the legal vehicle as well as a mode of governance the best adapted to its situation


6. Create the company


7. To Set up the target organization


8. Know how to follow closely its investment if you are abroad.


Source: conference led by Amadou Sangaré

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