10 Steps to Starting Your Business

We were looking for an article on Fox News Small Business and the SBA website that we couldn’t find, so we thought we’d do our own, based on our courses.
1. Validate your idea the right way….market research! Take your friends input, but unless they’re veteran entrepreneurs, it’s not much use.
2. Figure out the cash flow mechanics of the business, once you decide that it’s viable. Do you have enough resources? Can you find them from friends and family? Banks aren’t generally lending much, although our course on alternative financing will show you other ideas.
3. Do a business plan if you’re going to go to friends and family. They deserve it. Don’t automatically go to venture capitalists.
4. Look over your launch checklist, match it against ours in implementing a business venture.
5. Look into your domain names and trademarks….these should be among the first things you register, even before the name of the company.
6. What does your management structure look like? Have you looked over contract people versus hiring your own? Do the skills complement yours?
7. What’s been the competitive reaction to your launch, or what do you think it will be? (This is a commonly overlooked area of launch)
8. Where do you want the business to be, 12, 24 or 48 months out? This gets at business plan items, but you need to be thinking about these.
9. What’s your exit strategy? You might think it odd to be thinking about this now, at launch, but it goes to the core of why you started the business, or should.
10. Lastly, and possibly most important, is your family supportive of your entrepreneurial ventures? Entrepreneuring is tough enough, and it helps to have folks in your corner when the going gets tough, as it most assuredly will.
Now, go out and git ‘er done

This entry was posted in Marketing and tagged , , , . Bookmark the permalink.

7 Responses to 10 Steps to Starting Your Business

  1. I precisely wanted to thank you so much once again. I’m not certain what I would’ve done without the entire ways shown by you concerning such situation. It was actually a very traumatic case for me, nevertheless being able to see the very well-written strategy you treated that took me to jump with joy. I will be happy for this assistance and thus wish you find out what a powerful job that you’re carrying out instructing others thru your webpage. Most probably you’ve never encountered any of us.

  2. oh my god wonderful put up admin will examine your webpage often

  3. Very interesting topic , appreciate it for posting . “We need not think alike to love alike.” by Francis David.

  4. Do you have a spam problem on this site; I also am a blogger, and I was wondering your situation; many of us have developed some nice practices and we are looking to exchange techniques with others, be sure to shoot me an email if interested.

    • asechmentor@gmail.com says:

      Yes, we have a spam problem….maybe 25% of comments we get are spam. You’re welcome to share your anti-spam techniques.

  5. car says:

    Appreciate it for helping out, great info. “Those who restrain desire, do so because theirs is weak enough to be restrained.” by William Blake.

  6. Oren Buggy says:

    One thing is the fact one of the most widespread incentives for making use of your credit card is a cash-back as well as rebate supply. Generally, you’ll have access to 1-5% back upon various acquisitions. Depending on the credit card, you may get 1% in return on most expenses, and 5% again on purchases made at convenience stores, gasoline stations, grocery stores along with ‘member merchants’.

Leave a Reply to Boys over Flowers Cancel reply

Your email address will not be published. Required fields are marked *


two × = 8

This site uses Akismet to reduce spam. Learn how your comment data is processed.