Many new ventures are preoccupied with all the money they are going to make, rather than how they are going to the about making it. Set realistic goals by setting realistic steps-discreet 'doable' actions, each of which connects to the next one in some logical progression.
At some point you have to walk through the wall to get to the other side. But don't just 'do it' until you have a good idea of what you do next. If you can't get 'there' from 'here' in a number of very specific steps, then you probably don't have a business yet.
I am a great believer that the more up-front money a new business requires, the less chance it has of ever getting off the ground.
If and when you do, you will probably find that they aren't as eager to part with their capital as you might have anticipated or, if they are, they will want to extract a large piece of the business in return for their faith.
Many new businesses never get off the ground, not because they were bad ideas, not because the people were wrong, but because the fund-raising efforts failed. Yet, many of these new ventures, I believe, didn't actually require the capital the participants convinced themselves that did. If they had been willing to start small, to go back a few steps and start from further back, they could have given themselves a fighting chance.
I can't over-emphasize the importance of starting small and keeping it simple. When I began, it would have been very easy to convince myself that it simply couldn't be done on any less than a million dollars. How could I represent the top three superstars in the booming sport of golf without a staff of seven or eight and at least a token presence in England and Japan? A million dollars, in fact, would have been helpful and certainly convenient. But it wasn't necessary.
Many of the great American success stories emerged from humble beginnings. If you are selling a service, a skill, or an expertise, how much more do you really need than a desk and phone?
This article may be re-printed as long as following resource box is included as it is with out any alteration.
Article by Arvind Kumar. Arvind Kumar is one of prominent writer and consultant on Marketing and Management. You can reach him at arvind@nuttymarketer.com. For more on Gorilla Marketing Strategy and planning visit arvind@nuttymarketer.com
same day cleaning service Bannockburn ..Q: After years of dreaming about starting my own business,... Read More
Cash flow. To stay in business, you've got to keep... Read More
As a solo entrepreneur or small business owner, one of... Read More
At one point or another, almost every business runs short... Read More
When should you create a foundation in order to solidify... Read More
Canon City, Colorado is known for it's 6 Prisons; State... Read More
Many ventures are faced with the challenging task of raising... Read More
There is much competition in the mobile auto detailing business.... Read More
The following tips have come from a wide variety of... Read More
Car Wash Crime in the Hood. Apparently not everyone is... Read More
You need to be visible to attract customers, right? But... Read More
It's the dream of every person who starts a business... Read More
Starting a business? For many people, the bravery to venture... Read More
Motivational author and speaker Jim Rohn says that for a... Read More
There are many little details that go into making sure... Read More
You can't imagine how many people ask me how I... Read More
What does buying a fat pig have to do with... Read More
One overlooked individual in the process of taking a company... Read More
We all know that a building has to have a... Read More
Success is the desire of everyman on the face of... Read More
It has been discussed allowing Franchising companies to electronically disclose... Read More
How is your pipeline structured?I assume most of you have... Read More
When you go into business for yourself, there are many... Read More
The Service-Disabled Veteran-Owned Small Businesses (SDVOSB) is a program that... Read More
There are many factors to be considered when you are... Read More
housekeepers near Deerfield ..Hew Hampshire car wash market. Well we have visited every... Read More
As a business owner, you already know how important it... Read More
Sometimes when you run a business you feel as lonely... Read More
Don't you find that there are so many decisions you... Read More
Most businesses accept checks as form of payment for goods... Read More
Cleaning concrete is tough and there is an easy way... Read More
Think of your business as a living, breathing, organism. It... Read More
If you are just starting your business, or if you... Read More
Pet Transportation Services are needed as the number of pets... Read More
Doesn't it frustrate you when you've given good service, sometimes... Read More
All cities have a purchasing office and/or a procurement officer.... Read More
It appears the mini-blimp indoor theme and concept is making... Read More
What is the satisfaction & expectation review of the business... Read More
The following are six essential skills to business success. You... Read More
You can provide affordable health care plans to your employees.... Read More
When you hear the word "success" does it bring on... Read More
Your business is making profits, but where is the cash?... Read More
There are no "rules of thumb" in the pursuit of... Read More
A tongue-in-cheek look at the skills required to operate a... Read More
Are you a motivational speaker who consistently gets rave reviews... Read More
Every employee would like to earn as high a salary... Read More
It's obvious when a small business has accepted the fact... Read More
The Federal Trade Commission is upgrading the franchise law and... Read More
One of the greatest pitfalls in e-commerce is Field of... Read More
Have you been searching for the perfect home-based business? I... Read More
Small Business |