Connect with us

Business

Biz Chat: Tips for establishing a start-up (part 3)

Published

 on 

PHUKET: When it comes to starting your own business, it’s easy to get lost in the details. However, there are a few necessary steps you can’t let fall between the cracks. These are the last three crucial steps (see part 1 here and part 2 here).

As a business owner (or prospective owner), you have to obtain the appropriate licences and permits. Different fields in every country are different when it comes to licensing requirements. But it’s your job to figure out which one is specific to your business. To that end, enlist the help of the local business community and small business agencies – people love talking about their business and themselves.

Ultimately, it’s up to you to find out what the necessary certifications really are. These can vary based on your visa type, country of origin, proprietary conditions and the amount of money you are willing to invest into your new enterprise.

As an employer, you’ll have certain responsibilities. Firstly, you need to hire employees and give them insurance and, obviously, you need to pay your taxes. Eventually, you’ll have to pay them, and it’s your job as the head honcho to put the appropriate systems into place. Hiring agreements, tax returns, medical and accident insurance contracts all need to be laid out and followed through in order to avoid the wrath of ‘The Man’ if something unfortunate happens.

Lastly, get help. Local government agencies are all there to help you get through this, whether you know about them or not. They will give you advice on what is and isn’t allowed in the country, and not just to help you make profits. Hopefully, they’ll help you figure out the dos and don’ts of getting your business off the ground, and to avoid unnecessary headaches in the future.

Zohaib Sikander is the Business Editor at the Phuket Gazette. He has a degree in entrepreneurship and operations management. Drop him a line, ask questions and/or suggest ideas for articles at zo@phuketgazette.net.

— Zohaib Sikander

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Transport5 mins ago

Plane PA system emits moans “between an orgasm and vomiting”

Guides6 mins ago

Common Diseases in Thailand 2022

Thailand18 mins ago

Thailand’s Emergency Decree to End, CCSA Dissolved Sep 20 | GMT

Sponsored1 day ago

Starting a business and obtaining SMART Visa in Thailand is easy with Startup Booster

Video14 hours ago

Siam Paragon Bangkok International Fashion Week 2022

Thailand16 hours ago

Thailand News Today | Flash flooding to hit every region of Thailand

Thailand16 hours ago

Off-duty officer fires shots & fights with Bangkok cabbie

Join the conversation on the Thaiger Talk forums today!
Thailand17 hours ago

Venomous snake emerges from parcel at sorting office in Thailand

Technology17 hours ago

Line Man Wongnai now Thailand’s largest tech startup

Thailand18 hours ago

Customer buys brand new Honda PCX motorbike with coins in eastern Thailand

Drugs18 hours ago

Drug chase ends in flipped car, 6 million spilled Yaba pills

Thailand19 hours ago

169 Thai police officers dismissed for serious violations

World19 hours ago

Edward Snowden received Russian citizenship

Thailand19 hours ago

American told to stop riding go-kart in Chiang Mai

Thailand20 hours ago

Thailand legalises abortion up to 20 weeks

Coronavirus (Covid-19)21 hours ago

Nasal spray to prevent Covid hits stores October 1

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending