by Maria Marsala
How do you start to plan your business? What is required? What should you research? Where do you start? Use the checklist below to guide you as you build a strong, solid business foundation.
Check your Personal Foundation.
Make sure you are ready mentally, emotionally and financially to begin your new venture.
Make the time.
Budget your income.
Create balance in your life.
Know your strengths, weaknesses, top 5 values and needs.
Order a copy of your credit report.
Choose your ideal business.
Any new business venture will go more smoothly if you know right from the start what you have to offer, who you want to offer it to, and how you want your business to be organized.
Read a few books on business start-ups and marketing
Check the need for your services.
Prepare a business plan and ideal client profile.
Price your service or product.
Develop a customer service policy.
Create an Operations Manual.
Plan for your office - location, supplies, utilities, and set-up fees.
Develop a strong network and referral base.
From support to legal advice, starting your own business is never something you do all by yourself.
Look for assistance: employee, independent contractor.
Legal: licensing, business type, contracts, trademarks, copyrights, patent, service marks.
Build support: family, friends, business coach, consultant, advisors, business and social networking.
Insurance: health, home, car, income, liability, risk, disability, loss of pay.
Money: taxes, accounting, banking, billing, cash flow, loans.
Marketing: copywriter, proofreaders, website designer, graphic designer, an assistant, Toastmasters, etc.
Create a Marketing Plan.
A new business often doesn't have a huge budget for marketing and a plan you help you save money.
Design your marketing plan with your integrity in mind.
Develop print media (business cards, stationary, forms, advertisements, newsletter, etc.).
Decide if online marketing will be part of your plan (website, newsletter, ad's, etc.).
Practice describing the benefits of what you do in 30 seconds and 2 minutes (called verbal logo, USP, elevator speech).
Re-evaluate your plan every 3 months.
10 Rules for Small Business Success
Will your business thrive, or will it join thousands of others that have faltered along the way? Here are ten rules to make sure your business grows and
Top 10 Tips to Create A Business Plan!
(For People Who Hate Business Plans)
One of the key challenges for any business is to remain focused and invest resources for maximum pay-off. A business plan can help, but most small business owners
hate doing them! In the spirit that any map is better than no map, here are
the top ten keys to creating your own map to success:
Business Plan Outline
outline of a typical business plan is given that can serve as a guide. You can adapt it to your specific business. Breaking down the plan into several components helps make drafting it a more manageable task.
© 2003 Maria Marsala, President of Elevating Your Business. Helping businesses attract clients and improve their bottom line by providing blue chip methods, practical ideas and proven systems for businesses growth. To join Elevating Your Business Ezine, visit http://www.coachmaria.com/a/subscribed.html