Before you can start rolling on a fast track with your new business, planning is needed. Don’t miss one of the 10 original business packages that we mentioned below. Some things are absolute necessities before your opening date for business.
Let’s make it easy and simple. Below is a 10-step package that you need to do before the opening date of your new business. It’s just an initial list but you will find and add more in the next day and Sunday.
Your own business expertise and experience will clearly play when you work on your complete business plan. For now, let’s get up and start working through the list of important business decisions below …
1. Determine the service and / or product you plan to be marketed / sold.
2. Select the Accounting Firm or BPA if needed
3. Hire competent legal advice
4. Location is an important key for your success
5. Know your finances, the source of money, before investing anything
6. Determine employee requirements – background; education; professional; etc.
7. Recruit the Mastermind Team
8. Is the new building needed before you can open for business?
9. What licenses are needed, certification, etc.?
10. What is your opening date for business?
Shooting from “hips” or without a plan is a disaster waiting to happen. Even the smartest entrepreneurs don’t want to take such risks. Will you “Solo” or this franchise with the history of long-term success? 90% vs. 10% The level of success can give you a reason to invest for a franchise business.
Weigh the chances. Historical research, do your thorough test. Don’t let anyone in a hurry makes you make a decision because other people want the same area and are waiting with money in hand, ready to roll and cut you on a pass. Don’t believe it without evidence and then only if you believe this is your choice.
Everyone dreams of having their own business. Make a big dollar, driving fine cars with all goods, great houses in beautiful places for vacation as they please, membership clubs on the best golf courses, places to dine and meet crust over the community.
Where is the problem? For most of us, it took 25 to 30 years of hard work without a guarantee that we will reach the ownership of success. Too many business bite dust rather than reaching a great time. Taxes, employees, thieves, bankrupt customers are the main causes of business disaster.
Not a beautiful picture but his awareness is very important. The more you know what can happen, the more prepared you will. Watch out for every employee with too much “strength” in your business that likes to take over.
Many services you need to run your business better outsourcing than being handled internally. Hire leading people in all fields both at home or outsourcing. Compare it by building a company with competent staff, paid well, good benefits just because it is your key for a long-term successful business.