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: a compass
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“'Just Do It!'”
—NIKE
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Business Start-Up
You’ve evaluated your idea and are ready to launch your business.
Here are some steps to get you going.
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1: Attracting Customers
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- How will you market, advertise, and promote your business?
- How will you attract your target customers and promote your business?
- What is the best use of your marketing budget?
- What is your price, quality and customer service strategy?
- What is your overall marketing plan?
2: Managing It All
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- How will you manage the day to day details of operating the business?
- What are your staffing needs and how will you build a winning team?
- What are your bookkeeping, accounting, cash flow and tax needs?
- How much working capital (cash) will you need for inventory and money management issues?
- What are the regulations you need to consider for your business?
3: Product, Service and Delivery Operations
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- How will you deliver your product and/or service to your customers?
- What are your facility, equipment and furniture needs, layout and design?
- What are your capacity capabilities, workflow and process design?
- What business systems do you need to control the business operations?
4: Funding it all
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- How much money does it take to support you, your business and your creditors?
- Where will you get the money?
- What level of profits do you need to ensure financial success?
- What are the total cash flow needs on a monthly and yearly basis?
- How will the financial performance of the business support future growth and goals?
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Need more help? Get free and confidential business advice from an experienced BizCenter advisor- in person and on-line. Register now
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