Question

State the main steps involved in establishing an enterprise in the small scale sector

Answer 1

Answer:

Explanation:

Step 1: Identification of Business Opportunity. Business opportunity refers to a business idea which can be converted to a profitable business. ...

Step 2: Generation of Business idea. ...

Step 3: Feasibility Study. ...

Step 4: Preparation of Business Plan. ...

Step 5: Launching the Enterprise.

Answer 2

Answer:

Explanation:

Step 1: Put together a business plan. ...

Step 2: Reach out to an advisor. ...

Step 3: Determine the legal structure and register the business. ...

Step 4: Get a tax identification number from the IRS. ...

Step 5: Register with state and local tax, business license, and permit departments. ...

Step 6: Create a bank account for the business.