Do you need to register a business to start doing business??

Posted by Fadzuli

September 16, 2007

One of my Internet Workshop students was shocked when I said “No” to this question.

Probably a lot of you don’t know this. You don’t need to register a business “FIRST” to start a business. What is required is just your will and the energy to execute your ideas.

What you should do is to start earning your cents and dollars first, then plan out and think about future strategies. This way you could also start building your capital if don’t have any and along the way too you can get a little experience handling clients, customers and so on..

Many people don’t start due to the thought of registering a business and they saw how complex it could be especially for the food business. Fear then overcomes them and ideas get dashed easily.

So how do we overcome this? Remember that every business needs to start somewhere. Take baby steps. List down the things that you need to do and immediately take action to get that business started. You don’t have to complete the list, but make sure you have a dateline for each task.

So why then people register their companies? There will be a time that you or your team need to be in a spotlight and easily recognize by people. A registered company would then be more trusted and credible else it would be tougher for you to grow.

The best time to register is when you have found a team that could help you reach your dreams together!! If you running a one man show than that’s not a business but a self employed company!! Why should i share the profits???.You must always tell yourself that wealth needs to be shared and you can’t do everything by yourself. If your team know their task specifically and you can manage them, things will start to move faster and you start growing exponentially faster too and profits will be bigger than a one man show biz!!

My Life Mission: I enable others to discover purpose in their lives and empower them to pursue their dreams and live life to the fullest with God’s blessing.