Starting a new business may seem overwhelming and complicated.

Well yes, there are many things to do to setup your business.

But, it’s not that hard anymore!

OctoBus will help you know more about business setup in Dubai.

We have put together this guide to take you by step by step through business setup.

Business Setup Step#1: Determine Your Motivation For Starting A Business:

Before starting a business, you must be clear about why you are doing this.

This may seem obvious for you, but there are many reasons why you should choose to start a business or not.

This means that you need to be clear about your purpose and what you are trying to achieve.

Business Setup Step #2: Come Up With Your Business Ideas:

Having a business idea is easy, but having a great business idea is hard!

That’s why you need to explore many ideas before deciding on the final one.

These steps can help you generate business ideas:

·      Solve A Problem That Your Customers Care About

·      Identify Where You Provide Best Solutions

·      Innovate In A Traditional Market

·      Build A Business For A Future Need

·      Think About A Global Business

Business Setup Step #3: Create A Business Plan:

So, you have chosen your business idea ant it’s time to turn it into a real business and create your business plan.

Your business plan will help you sort out your business in a real structure.

Great planning from the start is the step that will separate you from your competitors.

Your business plan should include:

• Executive Summary
• Contents Page
• Business Model And Products/Services
• Customer, Market And Competition
• Marketing And Sales
• Finances And Projections
• Team

Business Setup Step #4: Set Up Financing And Accounting:

There are many important financial and tax responsibilities you need to figure out.

And they include:

• Open a business bank account

• Understand your accounting, tax and filing responsibilities

• Record your financial transactions

• Hire an accountant

Business Setup Step #5: Create A Brand And A Visual Identity For Your Business

It’s time to create a public facing  identity.

A visual identity means how you present your business to the world, and it includes:

• Your business logo
• Your color scheme
• Your slogan
• Your business website

And now you’re ready to start!

If this still seems hard for you, you can ask for OctoBus help!

OctoBus is one of business setup leading companies in the United Arab Emirates!

So, don’t hesitate and let our experts help you setup your business and skyrocket.