“Business opportunities are like buses, there’s always another one coming.” – Richard Branson
Seize the moment.
Be passionate about your idea.
Know the competition.
Start while you are still employed.
Don’t do it alone.
Properly train new employees.
Get clients or customers lined up.
Pinpoint the right market.
Do your research.
Write a business blan.
Get professional help.
Put the right people on your side.
Think about the road ahead.
Get your financing in shape.
Use your time well.
Iron out the technicalities.
Make Sure the Money Is Lined Up.
Get the Legal and Tax Issues Correct the First Time.
Get feedback from peers.
Evaluate your offering. Compare your offerings with similar businesses to understand what customers are purchasing.
Invest in growth.Reinvest excess funds from your profits into your business as it grows.
Raise funds.Seek funding from investors that can support your business growth.
Understand your starting budget.
Spend time on marketing activities.
Create brand awareness online.
Build a business website.
Analyze your target market.
Understand your customers’ needs.
Be aware of operational costs.
Enlist support when you need it.
Determine selling prices.
Figure out your desired profitability.
Plan for challenges with an exit strategy.
Establish your values and mission.
Build a network.
“There’s no shortage of remarkable ideas, what’s missing is the will to execute them.” – Seth Godin
“I don’t know the word ‘quit.’ Either I never did, or I have abolished it.” – Susan Butcher