Welcome to the Formation Phase of Your Business Journey!

In this phase, you need to already have a vetted business idea and be ready to take the steps to make it a reality.

At this stage you will have questions about registering your business, choosing a business entity, identifying target markets, creating business plans, dealing with insurance, GST, and more.

Get all your questions answered by joining WE Forum TODAY!

Here’s how to make the most of WE Forum’s offerings during this phase:
  1. WE Forum Telegram Hub: Connect with other women entrepreneurs who are experiencing the same joys and challenges as you. Join our supportive community.
  2. Take our Formation Phase Workshops 
    • BUSINESS FORMATION for MSMEs
      • Legally Speaking 
      • Business Plan Basics & Business Model Canvas
      • 10 Step Business Planning 
      • Steps to Start Your Business: Place & Resources 
      • Business Risks 101
      • Record Keeping and Compliance
      • Planning & Managing Resources 
    • Managing Finance for MSMEs  
      • Accounting for non-accountants
      • Balance Sheet, Financial Statements, Ratios 101
      • GST & IT Bootcamp

      The workshops will take you through all the components of exploring business ownership and setting up your business plan while connecting you to legal and financial experts in setting up and registration.

  3. Achieve Your Business Goals

    Upon completing the workshops, you will have a fully vetted business plan! If you wish to gain specific skills in areas such as marketing, accounting, finance, social media, and more, contact your counsellor to explore our skill-specific classes.

  4. Reach Out for Personalized Support

    1:1 Consultations: If you have specific issues or challenges, our counsellors can arrange personalized consultations to help you dig deeper and solve specific problems.

Your next steps are to...

  • Sketch your business model using a business modelling tool
  • Write your business plan (remember it’s not just for the bank, it’s YOUR plan!)
  • Understand your financial projections.
  • Determine & register your legal structure. (Reach out to us if you need any community lawyer, accountant, bookkeeper etc.)
  • HR laws & regulations in your state
  • Build your team structure (hiring employees, partners, consultants, contractors etc.)
  • Building your funding plan (loan, bootstrap, equity, crowdfunding, etc.)
  • Formalize your processes
  • Start making sales!

Once you have made progress on the above steps, speak to your Counsellor to get your next steps for the next phase!