To start up a new business takes several things like great skill, motivation, research, planning, discipline and hard work to get right. In the beginning, mistakes will be made, most are not fatal and can be corrected. First, you need to take time to explore and evaluate your business goals, then use this information to build a comprehensive and thoughtful business plan that will help you to reach those goals.
Developing a business plan will force you to think through some important issues that you may not otherwise consider. Your plan will become a valuable tool as you set out to raise money for your business and it will provide milestones to gauge your success. Your answers will change as you develop & grow your business.
LET'S GET STARTED
1. LIST YOUR REASONS FOR WANTING TO GO INTO BUSINESS
Some common reasons for starting a business are:
SELF MANAGEMENT
FINANCIAL INDEPENDENCE
CREATIVE FREEDOM
MAKE FULL USE OF PERSONAL SK! ILLS & KNOWLEDGE
2.DETERMINE WHAT TYPE OF BUSINESS IS RIGHT FOR YOU
You can start by asking these questions & write down the answers:
What Do I Like To Do With My Time ?
What Technical Skills Have I Learned Or Developed ?
What Do Others Say That I'm Good At ?
Will I Have The Support Of My Family ?
How Much Time Do I Have To Start Up A Business ?
How Much Time Do I Have To Run A Business ?
Do I Have Any Hobbies Or Interests That Are Marketable ?
3. RESEARCH & IDENTIFY YOUR BUSINESS NICHE
Ask yourself these questions and write down the answers:
What Business Am I Interested In Starting ?
What Services Or Products Will I Sell ?
Is My Idea Practical And Will It Fill A Need ?
What Is My Competition ?
What's My Business' Advantage Over Existing Companies ?
Can I Deliver A Better Quality Service ?
Can I Create A Demand For My Business ?
4. BEFORE DEVELOPING A PLAN, THE! FINAL STEP IS YOUR PRE-BUSINESS CHECKLIST
Answer these ! question s & write down the answers:
What Skills & Experience Do I Bring To The Business ?
What Legal Structure Will I Use ?
How Will My Companys' Records Be Maintained?
What Insurance Coverage Will Be Needed?
What Equipment Or Supplies Will I Need?
How Will I Compensate Myself?
What Are My Resources?
What Financing Will I Need?
Where Will My Business Be Located?
What Will I Name My Business?
Once you write down your answers to these questions, you will find that, your answers will help you to create a focused, well-researched business plan that will serve as a blueprint for business operations, management and capitalization. Once you have completed your business plan, review it with a friend or associate.
When you feel comfortable with your plan,discuss it with your banker. A business plan is a flexible document and it should change as your business grows.
Clerical Business Solutions is Virtual Assistant &! Business Consultant Company, which offers services to help you to maintain & manage your business or projects. Do you need assistance with your business start-up or assistance with your current business or projects ? Contact Clerical Business Solutions Today!! Email: info@clericalsolutionsinc.net Web: http://www.clericalsolutionsinc.net
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