There are many of us who can only dream about opening up our own business and getting out from under the feet of our bosses, and there are others who make it a reality. Starting your own business is a brave step, but thankfully there is a lot of help out there to help you on your way. Being your own boss, means that you get to keep the profits at the end of the month and your lifestyle changes for the better. There is a lot of hard work ahead of you and there is a lot of red tape that you need to be able to negotiate if you want your ideas to be successful. You should be trying to find ways to make business processes easier for yourself and that includes dealing with lending institutions, wholesalers and customers.
One way to do this is to complete a company registration in Cambodia from Acclime, and once this has been done you can begin to enjoy the many benefits that it offers. If you’re still a little in the dark as to the benefits of registering your business rather than staying as a sole trader or being involved in a partnership, then maybe the following can help to educate you a little.
* Many discounts and benefits – If you’re not a registered business, then you miss out on the many perks that other businesses are enjoying right now. In order for your wholesale to be able to provide you the best service possible, your business needs to be registered to they can offer you special wholesale rates. They need to be able to know that your company is reputable and that they can trust it, and the only way to do that is to have registered. Any other opportunities that come your way will not be open to you and your company isn’t properly registered. If it is your wish to expand and to submit tenders for large jobs, then company registration is essential and other businesses will not dealing with you until you have it.
* It allows your business to expand – If you think that it is a good idea to do some dropshipping to increase profits, then you will need to have a registered business. It is every business owners hope that their enterprise will get bigger and the profits will happen as a direct result. As your business gets larger, you’re going to need to hire new staff but in line with current employment laws in Cambodia, your company needs to be registered so that you can receive an identification number that allows you to pay the taxes of your staff. Before you can even begin to put on advertising in the local newspaper or to advertise online or new employees, you need to have your business registered. To learn more about starting a business and getting it registered, have a look here.
For other essential things like setting up a business account and even borrowing money from lending institutions, you need to be able to show your company registration at all times. Registering your business helps to build your reputation and your brand and will actually help you to save money because registered businesses pay less tax than individuals.