How do I Start a Business?

All About Being Self Employed, Starting Your Own Business, How to Start Your Own Business, Financing, Marketing, Salaries and more on Mywage Zambia.

Starting a business is not as easy as it looks. It has its own requirements.  Anyone wishing to start their own business must have these requirements:


You will definitely need some form of money to invest in order to start up a business or company. You can either generate this by saving or acquiring a low interest loan. There are several micro financial lending institutions in Zambia that offer loans to business starters. Commercial banks also lend out money but they charge high interest and demand high collateral. 

Business Plan

Once you have sourced considerable funds either through saving or a loan, you will need to outline what kind of business you want to get into. In this regard, a basic business structure is important. You do not necessarily need all the legislative and legal technicalities to establish your business. All you need is some form of a guide.  Free advice on setting up a basic business structure is readily available from institutions such as Citizens Economic Empowerment Commission (CEEC) or Zambia Chamber for Small and Medium Business Associations (ZACSMBA). 

Operating Permit 

Depending on the nature of your business, you will need a permit from relevant authorities in whose jurisdiction you wish to establish your business. A permit may be obtained from local municipalities or councils. The permit gives you legality to operate your business at a particular place and time. 

Space (Premises)

For you to start a business, you will need a place to conduct your business. The space can be something owned by you or rented. Selecting business premises matter because it determines the visibility and accessibility of your business. You can operate from your home but this depends on the nature of your business. Certain businesses are by law not allowed to operate in residential areas. 

Goods and Services 

After you have gathered your funds, drawn your basic business structure, obtained a permit and operating space, you will need to roll out what goods or services your business will provide. In all this, ensure that you read and understand the Employment Act because soon or later, your business will expand. You don’t need to be caught off guard when your business turns you from self employed to employer. 

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