5: Commencement of Activities

Chapter 5: Commencement of Activities

Tip: “Today, making money is very simple. But making sustainable money while being responsible to the society and improving the world is very difficult.” (Jack Ma. Founder and CEO Alibaba Group)

Always consider registering your business with authorities and acquire a Certificate of Business plus relevant documents in order to avoid future inconveniences.

Things to First Consider
1. The idea
For every good idea you have, there are hundreds of people out there who have the exact same idea…did someone else already beat you to the punch? A prudent approach is to research your idea from top to bottom looking to see if your idea already exists. If it does, it’s certainly not the end of the world. Simply ask yourself if you can find a unique angle or a different, better approach to the idea.