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ESCAENPA

Plan to open your business

Here are the steps in order. If you skip one, do it on purpose and not because you are in a hurry.

1LearnWork or practise in the sector.
2TestCheck there are customers who pay.
3NumbersInvestment, costs and break-even.
4AskTown hall, technician and gestoría.
5PremisesSign only when everything adds up.
6OpenSmall, with a cushion, and go find customers.

Checklist before signing

  • ☐ I have worked or practised in this type of business.
  • ☐ I know who my customer is and why they will choose me.
  • ☐ I have done the numbers in the calculator with real data from my area.
  • ☐ The town hall has confirmed I can do the activity in that premises.
  • ☐ I have a quote for the building work and the technician.
  • ☐ I have the investment and a cushion of 6 months of costs.
  • ☐ If I borrow from family, it is in writing.
  • ☐ I have decided my loss limit before opening.

The first month open

  • Open the business account and a sheet with daily sales and costs.
  • Google listing and social media ready before opening.
  • Set aside the tax money every week.
  • Every month, compare what you sold with your break-even point.
And the most important thing, explained in the Mind zone: consistency. The first months are hard and slow for almost everyone. Trusting the process is not sitting and waiting: it is doing the work well every day even before you see the result.