START UP TAKES TIME

Many entrepreneurs, especially those who just start it and those who have never ever been doing business in their lives, thinks that they will be able to taste the success from the very beginning. However, they should definitely come to reality and think more rational as startup takes a lot of time and energy. It is not only about the success that takes time, but actually it is about the whole thing like setting your business which is also very time taking. Normally it depends on what kind of business it is if you want to startup. It depends on the type of business, how complex it is. The location matters as well. Of course if you are going to start a business at home, and you do not need bank loan and employees then it is going to be quite easy and less time consuming. You can start that kind of business in approximately one or two months. If you are going to hire employees and find a place or rent a place and take a bank loan, then of course it can last up to one year even. Now we are going to discuss in points how much time things take.

• The first thing that we need to do is actually we need to find a location for your startup business. If you start it at home then you can start whenever you want, but if you are going to find a place and lease a space then it will take about 3 months.
• Getting the local license, starting your own website and getting the permits might take from several weeks to a month, depending on whether it is a home business or your should wait for special permission.
• Applying for a state business registration will take around a month. You should meet up with an attorney and discuss all the details about what type of business it is going to be and some other details about it.
• If you need some equipment, then buying that equipment can take a lot of time as well. You have to buy them, sometimes from abroad and all of these things can take up to a month.

These things are quite important for business and without having them done properly you are definitely will be unable to open the business. The thing is that everything must be done legally and if you want it to be legal you have to have all kinds of permissions and licenses.  However they might not take so much time. Again, we have to say that time in business is relative and it is all about the type of business. If it is not a home business, then one of the most time taking things in your business will definitely be the  problem of location.

When it comes to location there are a lot of things to do in it. You have to first decide the area, the town, the street etc. Then you have to look what is available there for you. After that you need to find a place, buy it or rent it, and then have it renovated the way that you want. All of these things take a lot of time and energy. It also depends on how quick you are. Some people do it quick but with no quality. Some people are pretty quick but quite productive as well.

Another problem with startup is the bank loan. If you do not have enough money for your startup, then you have to obtain a bank loan. This is really a lot of time taking because in order to get the bank loan you have to write a business plan. Your business plan must include the financial statements, the marketing plan, all the management details and operations. You have to write a very solid and impressive business plan otherwise your bank loan might not be obtained which is not good at all for your business. Not once we have talked about how important the business plan is. Of course the business plan is very important and we see that it is also the key to getting the bank loan.

Be prepared for everything, take all the permissions and find a location, make it the way that you want. One of the first things you should start from is the bank loan. First write your business plan and then rush to the bank. You may start all the things and then you can suddenly find out that  actually the bank is refusing to give you loan, but you have already spent a lot of money which will become a waste in vain. That is the reason why you should first finish it up with all the financial aspects of your business and then only do the other things. There are also some things that can be done simultaneously. Now you understand why startup takes time