When you awoke this morning, you found yourself buzzing with a fantastic idea for starting a new business and you hadn't a doubt in your mind that you could turn it into a huge success. But now what? All those great ideas floating around in your head and you're excited about making them happen, but at the moment you don't know where to begin. What is the first thing you should do as you contemplate your plan of action?
Start Writing Things Down!
The best suggestion in the early stages of your start-up venture would be to start writing things down. Even if the thoughts that occur to you seem insignificant at the moment, keep all your ideas in a simple notebook so that when you're ready to start moving forward, all your ideas are in one place and ready to go. It's amazing how quickly you can forget something that you thought would stay with you forever, so keeping notes on all your ideas is crucial. I can't count the times I didn't write something down immediately upon thinking of it and later couldn't remember it no matter how hard I tried. Now I make it a point to quickly jot down a few words on a notepad no matter when they occur. Even if it's just a few brief terms, those few words will jolt your memory and bring the idea to the forefront when you're ready to address it.
Preparing a Business Plan!
The next step would be to start preparation for a business plan. Whether you are applying for a loan, seeking investors or are presenting your idea to other business associates you need a well thought out plan. No one will take you seriously unless you have a strategy in place. Furthermore, your plan will not only be utilized for presentation purposes, but it will in addition make your idea a reality and propel you to the next stage of your venture. Seeing your plan in place provides the impetus needed to forge ahead.
How to Write a Business Plan!
At this point you are probably thinking that you have no idea where to start your plan or even what it should include. A good place to start is by constructing a summary of what your plan will contain. Create a table of contents that includes whatever you think a good plan should encompass. In all likelihood your plan will contain an objective, an executive summary, information about your product or service, marketing strategies, target market, competition, financial analysis, and profiles of key decision-makers. There may be other aspects that should be included in the plan but for now, the above mentioned are the primary ingredients for a good start up plan.
Seeking the Counsel of Professionals!
You might also consider seeking the counsel of an attorney to be sure your plan and business venture is legal. What a disappointment it would be if you put a lot of hard work into your plan and later found out that some important legality was overlooked, requiring you to start from scratch. In addition, unless you are prepared to construct spreadsheets and projections explaining how you intend to use your money and what you expect for the future, you might want to hire someone who knows all the financial ins and outs of a business.
Obviously, this is only a brief summation of what to do with your ideas for a start up venture, but it is a good place to start. Remember, words have power so use persuasive, influential language that demonstrates your enthusiasm, experience and knowledge regarding your idea. The words you choose to sell yourself could mean the difference between attracting the right investor or failing to be heard. Copyright2005
Charlene Rashkow is a freelance writer with more than 15 years of experience to her credit. She has assisted countless numbers of individuals and companies by writing web site content, business plans, marketing strategies, promotional material, bios, special letters, press releases, manuscripts, resumes and articles of interest. You may contact Charlene by visiting her at http://www.allyourwritingneeds.com
Lincoln Stretch rentals Alsip ..Passion. Passion alone can make your business successful. As an... Read More
If you're serious about wanting to start a business, the... Read More
Remember the training programs, seminars, and workshops you had to... Read More
If you're just ramping up your small business email newsletter,... Read More
If you are a motorcycle detailer and need to expand... Read More
Are you a motivational speaker who consistently gets rave reviews... Read More
Many mobile car wash operators would like to add de-ionized... Read More
With the massive explosion of start-ups and home businesses developing,... Read More
Nothing can drive a business down faster than customers who... Read More
Small business owners often enter their field with great expectations.... Read More
Microfiber cleaning towels have been around for about ten years... Read More
In my 18 years of consulting I have heard it... Read More
While I was hard at work last week, an everyday... Read More
One of the major complaints in the QSR Quick Service-Fast... Read More
Anyone who is serious about washing aircraft as a full... Read More
Get maximum results with minimum effort. Sounds great doesn't it?... Read More
Paul Leonard's BirthdayCards2Go.com paid greeting card service offers convenience when... Read More
The choice to incorporate a small business in Florida has... Read More
In the Truck Washing Business every single type of vehicle... Read More
There are many potential niches for pressure washing companies that... Read More
Most small businesses will not even try to advertise on... Read More
What is a guru?A guru is a teacher. A mentor.... Read More
Let me get right to the point. The single most... Read More
To have one of the popular in home daycare businesses.... Read More
It is an American dream to own a business. But... Read More
Western Springs shuttle limo ..Should your business have a toll free number for customers... Read More
Business card size works well for invitations to special events.What... Read More
Before you read any further in this article, I'd like... Read More
Many ventures are faced with the challenging task of raising... Read More
As a solo entrepreneur or small business owner, one of... Read More
In the summer, I can't drive two blocks without seeing... Read More
How do you make sure you have the business solutions... Read More
Ok, so next to the taxman, your company payroll department... Read More
It has been said that the only constant is change.... Read More
If I had $1.00 every time I heard someone say... Read More
It is not surprising that some people may perceive Six... Read More
Starting a business? For many people, the bravery to venture... Read More
The Dynamics of Daylight Savings Time changes the way we... Read More
One of the most common horrific mistakes a business can... Read More
It's a commonly quoted statistic: 80% of all small businesses... Read More
Would you rather have one good client paying you five... Read More
A career coach could be simply defined your job seeking... Read More
Did you ever have one of those days or weeks... Read More
Would it help you as a real estate investor to... Read More
1. There Are No "gimmes" ? They count two-foot putts... Read More
There are many little details that go into making sure... Read More
It behooves every professional mobile auto detailer to stay up... Read More
Just recently, I took a break and caught "The Return... Read More
Do you spend every waking minute in your business? Do... Read More
-- Building Credibility Through Success Stories --Successful solo entrepreneurs spend... Read More
Small Business |