29 Jul 2015
You’ve decided to follow your life-long dream and begin a new business venture, one where you are your own boss. It is exciting stuff and if you aren’t careful, your excitement could derail your success. Don’t get me wrong. Excitement, passion, and commitment are musts if you are going to succeed in any business climate. Yet, all of these must be balanced with a cool head, planning, and concise focus. So, where do you start?
#1. Draft a written document (call it a business plan, idea factory, personal plan, or whatever suits you) and state everything from who you are and what it is you produce or provide as a service, what your brand and packaging will be and how it is produced, to who will be a part of the team that makes it all happen.
Do you have a great memory and don’t think you need to write it all down? Think again!
Without a written business plan for where you are headed:
- You don’t have anything to keep you on course and your team certainly won’t know where they are going either!
- You have nothing to keep you focused on what YOU want, and you risk allowing the everyday trials and tribulations that starting a business brings to cloud your vision.
- You will spend money that is unnecessary, either fixing problems that could have been avoided, or on efforts or supplies you don’t really need.
- You will get completely worn out remembering what it is you want and what needs to be done to get it!