What we need to start up a company

To begin, look at the general business structure to get an idea of the department you need to set. Here are the most essential things you need to do to start up your business:

1. Have a Business Plan:

• Company description
• Type of Business
• Start up cost: Funding request?
• Business Structure (Financial Project, Service of Production, Market & Sales, Market Analysis, Organization & Management)
• Executive summary

2. Register a Company name 

3. Open a Business account

4. Establish a Finance System:

• Bookkeeping system: Complete transaction needs to be monitored
• Accounting, Filing and paying tax system
• Payroll

5. Legal aspect

• Licence
• Contract for employee

6. General business start-up:

• Setting Standard Operating Procedure
• Setting management and staff team (with training provided)
• Research & design
• Manufacturing or service providing
• Marketing & sales
• Data science research & survey