Private Entrepreneurship: Difficulties and First Steps

The crisis that occurred in 2009 showed all the instability of the economic situation and insecurity of workers in front of these circumstances. Some of them decided to stop accepting their position and organize their own business, which will not only be a source of income, but also an opportunity to engage in their favorite business on a commercial basis. In many developed countries, private entrepreneurship is a significant source of funds for replenishing the state budget, so the governing bodies give it all support. Many employees dream of their career independence, but do not dare to open a business due to lack of funds or fear of burning out.

In fact, private entrepreneurship faces a very tough competition and does not always withstand it. In many respects the success of the future deed is determined by the original idea, a concept that reflects its essence, character. Ideally, it should be innovative and not similar to the rest, which will allow it the first to occupy a new niche in the market of goods and services. It is extremely difficult to find such a solution, because the modern consumer is fed up with all possible ideas and things. He lost interest in some categories of goods and services.

So, private entrepreneurship where to start? First, the search for the concept of a future cause. The main criteria for its selection should be innovation, relevance, the prospect of its sale to a wide range of people, evaluation of competitive advantages. Secondly, writing a business plan. This is a very important part of the step for opening a small business. This document prescribes expenses, action plan, estimated income, sources of financing, suppliers, market and cost of services or goods. The business plan is the main document that will be submitted for consideration to investors. Today, the government of the Russian Federation decided to support private entrepreneurship and allocated a certain amount of subsidies given to a businessman after consideration of a special commission of his business plan. Detailed information on the conditions for participation in obtaining this money can be found in any state employment center. On their basis, you can get free training in the basics of doing business and drawing up a business plan.

Many people note that private entrepreneurship in Russia is associated with endless paperwork. Unfortunately it's true. This problem can be solved by applying for advice and assistance to a law firm. They will prompt which documents will need to be collected, in which order to submit them and in what time period they should be considered. In most cases, private entrepreneurship is formalized as LLC or IP, PE. Registration in the Unified State Register of Legal Entities is easiest, with minimum time required. For this procedure, you need the charter, application, name, authorized capital, data on employees, TIN and other documents. The new legal entity will be assigned to the tax inspectorate its own number, according to which it will be possible to control all its activities. Also, the manager will need to file documents with non-budgetary funds with data about his employees and a request for the issuance of a certificate.

At the initial stage, not many entrepreneurs can afford to have an accountant or a lawyer in their staff. In fact, a new legal entity in their services and competent consultations will need throughout their entire existence, regardless of the availability of profit or its absence. This is due to the requirements for LLC, IP, PE, CJSC from the tax inspection. So many newcomers do not know that even if there is no activity, the registered organization is obliged to provide quarterly and annual reporting to the IFNS. Help to understand all the nuances of doing business and their legitimate justification will help the invited auditor or accountant.

Despite all the difficulties, private entrepreneurship opens the door to a world of new opportunities, allows you to test your strength in a new business, reach a certain level of independence.