Before starting a private publishing company in Kenya, one needs to understand various factors which will definitely ensure that nothing goes wrong in the whole process.
There are various steps which one needs to adhere to before anything else. Let's look at some of these factors.
Steps to setting up a publishing company in Kenya
Make a decision
This is the most important part of any strategy. One needs to make that decision of starting a publishing company. One also needs to decide if what he/she wants is to make writing and publishing a serious business or will it just be a hobby.
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Research your options
This is the step in the process of opening a publishing company. One needs to research his/her options. This will give bone idea on what options are available in his/her country.
Consult with experts
Consulting with the experts is also one of the important steps towards getting to know the important factors which will help one get all the necessary information about what one intends to do.
Decide on a business name
Once you have decided on which type of business you want to set up. The next step will be to decide on the name of your business. Ensure that the name you choose for your business is unique and that it is not registered or trademarked by any other business.
This is also the stage where you want to choose a business name that is professional and perfectly fits your brand. This is very important and it advisable that you do not rush into choosing the name. Take your time to think critically because your business name will definitely stay with you for a long time.
Finalize the business type
After you have all the above steps and you are sure that you have chosen the right name for your business, you can now finalize the set up of your publishing company.
Set up your business bank account
It’s important that you set up a business bank account for your business. Remember different banks have different requirements for opening a business account. You therefore need to consult your local banks for more details.
Set up an accounting system
It’s also important that one sets up an accounting system for the business. This is very important, especially in ensuring that all accounting issues are dealt with well.
Register a domain Name for your business
For a business to be known and grow fast it needs an online presence. This is why nit is important that one registers a domain name for his/her business.
This will add more professionalism to your company and it can also be the best platform for one to post a list of your published books.
Learn laws related to your business
This a very important aspect one has to ensure that he/she adheres to. There are different laws governing different types of businesses in the country and it is very important that one takes time to study and understand them so as not to go contrary and get into trouble.
Well the above are the steps that one needs to follow when setting up a publishing company in Kenya.
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