Starting a business can be daunting, but armed with the right knowledge and confidence it is possible to get off to a flying start. This article, which has been created by award winning Entrepreneur Richard McMunn, will show you How To Start A Business and also How To Create A Business Plan.
Starting a business can be an exciting venture, get it wrong and it can be disastrous. If you want to know How To Start a Business then will explain the most effective ways for getting your business off the ground.
To begin with, you need to learn How To Write A Business Plan. The first step of this business plan is your ‘Vision’.
Now your vision is basically what you want to create. The vision may be a website, product or service so try to think of how you want your vision to look in the final stages. Try to think about colours, branding, quality and appearance.
Once you have your vision you now need to think about ‘Action’. Action is what you need to do in order to create your vision. Write down what you intend to do in Month 1, Month 2, Month 3, Year 1, Year 2 and so on. The action plan will change as you progress but is important to set yourself some initial targets.
Ok, so now we have the Vision and we have determined how we are going get there by way of ‘action’. Things are looking good and we are making progress.
Now let’s think about the final ‘Result’. What does that look like? Think along the lines of sales figures, financial reward and also what it is exactly what you want to achieve from the business. Once you have a clear picture of the ‘Result’ you can now determine how much time and effort you propose to put into this venture. You can also determine how you intent to raise the financial capital in order to get it off the ground.
Let’s recap – so far we have determined the ‘Vision’, ‘Action’ and ‘Results’. Now we need to think about ‘Influence’. Who do intent to get on board in order to help me achieve my vision? Start to think about the things that you cannot do on your own such as accountancy work, bookkeeping, employers, contractors or specialists. Whatever you can’t do yourself, you will need to get someone else in to help, and these are called ‘Influencers’.
Once you have decided on the ‘Influencers’ you must now think about how ‘Confident’ you are that your product, website or service is going to work. It is possible to determine, before going to market, is your business is going to succeed. You can ‘test’ the market before creating your product in a number of ways. Start off by asking people what they think of your idea but make sure these are people whom you don’t know. Look at the market place and see what the competition is like. Think about the risks and also what opportunities exist for you in this area. If there is competition, how can you improve on their service or product?
Once you have determined how confident you are that it will work, all that’s left to do is think about ‘perseverance’ and ‘caring’. It is essential, in order for your business to succeed, that you persevere. Things will go wrong along the way, but it’s how you react to these problems that are important. It is also essential that you ‘care’ for your business. Look after it along the way and it will look after you!
Good luck, and now that you know How To Start A Business, you get off to a flying start!