Starting a business can change your life — but only if it is done correctly. Many Sri Lankan entrepreneurs begin with passion and great ideas, but later struggle due to missing fundamental business practices.
To help prevent early failure, here is a simple roadmap every startup should follow:
1️⃣ Decide the Right Business Structure
Choosing the correct setup determines how you pay taxes and how protected your personal assets are.
Available options:
2️⃣ Set Up Your Financial System
Track revenue, expenses, and profit from Day 01.
3️⃣ Understand Tax Responsibilities
To operate legally, register for:
Tax compliance builds trust with banks, government, and customers.
4️⃣ Build an Online Presence
Customers search online first — if you are not visible, you lose opportunities.
Start with:
Later expand to a website or e-commerce if needed
5️⃣ Manage Cash Flow Wisely
Plan upcoming payments and ensure enough funds are always available. Never rely only on sales income — forecast and monitor regularly.
🎯 Why Support Matters
SME founders shouldn’t struggle alone. Access to professional support accelerates growth and prevents costly mistakes.
How We Help
We’re here to stand beside Sri Lankan entrepreneurs throughout their journey.
📌 Stay connected for free guidance to help your business not just survive — but thrive!
Ready to simplify your accounting? Contact Bookkeeper today and start your digital journey!
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