Are you ready to build a business
Take this quiz to see if you are up to starting and running your own business. The more YES’es the better!
- I love my work
- My business gives me a sense of purpose and meaning
- I have a healthy and fulfilling life outside my business
- I can take a one week vacation without regretting it afterwards
- I am clear about the vision for my business
- I have all the energy to accomplish all I want to do in my day
- I make decisions based on my values and the vision I have for my life and business
- I focus as much on my personal health as I do the health of my business
- I have developed a 1-year and 5-year growth plan for my business
- I have instituted simple, repeatable systems that reduce the day to day business details so I can concentrate on doing what I love
- I earn as much as I’d like in my business
- I have explored and taken advantage of opportunities for multiple income streams in my business
- I am confident that I am marketing my business effectively
- I have made it easy for my customers to purchase from me
- I am confident that my customers have a positive experience when they do business with me
Basic Checklist for Starting a Small business
Below is a basic checklist that can be used in starting a Small business
1. Get a good business idea suitable for small business
2. Carry out a general research into the product / service, industry etc
3. Define your Small business Niche, the narrow the better
4. Write a mission statement that explains your niche for it to be clear in your thought process
5. Research market expectations, competition, customers etc
6. Name your Small business
7. Decide on a legal structure – sole trader, Partnership, limited company
8. Write out your business Plan for the Small business
9. Establish your market and supplies
10.Decide on your location- home based, locality or internet
11.Get licenses and permits
12.Seek Professional help in starting the Small business e.g. Businesslink, Enterprise bureau, chamber of commerce, small business advisory services etc
13.Explore / Contact your professional team- Banker, solicitor, accountant, Establish supply lines
14.Source for finance
15.Get equipped – furniture, Computer, telephone/fax/answering machine, business management software, internet access, business e mail etc
16. Get Professional stationary – letterheads, business cards
17.Network everywhere and spread the word about your new Small business
18.Access employee needs
19.Develop an employee policy
20.Get “targeted education” – polish sales skills and presentation, marketing strategy,
21.Open for business
Bibi Apampa is a top Business Coach / Mentor. She has helped many people start and grow their own business and create multiple streams of income with an exclusive Business Mentoring program. Visit www.MyBusinessCoach.biz to download free eBooks on Home Business ideas and Newbies Guide to Internet Business