CALLING ASPIRING ENTREPRENEURS – PULLING IT ALL TOGETHER
December 24, 2010
Tip 5: Pulling it all together
By now you have lots of really good information ,from other tips, and hopefully, more than a few valuable suggestions. Now it’s time to bring all this work together and figure out how to use it to form a foundation for your new business.
Before you take another step, check your original list of that you are good at, Tip: 1, and those skills you’ll need to either learn, buy or hire. It’s time to start setting some direction with these. If you’ve received recommendations and referrals, jot those down. You may have received the same advice or name from different sources, these need to head up your action list. Whether it’s courses you should take, seminars to attend, books to read, people to meet, or businesses services on which you can depend, referrals will be a big part of your success as an entrepreneur.
Make a plan now about how to manage the follow through for these recommendation and referrals. You might decide to do the easiest actions first, maybe a certain number of completions per week, or start immediately with those that take the longest. Whatever your pleasure, get it down on paper to solidify the plan.
Start Building Your Business Plan
A word about planning. The more information you can get on your plan the better. What we are building here is a basis for the much dreaded and often avoided Business Plan. While much of what you are forming isn’t typically included in a Business Plan, the ability to follow through with the outlined strategy might give an investor evidence of your systematic approach and determination. These two very important qualities that most financial people rate very highly.
If you decide to seek additional education, which I absolutely do, these courses will be included in your Business Plan, as well as any support services you plan to engage. You’ll need to include pertinent information about them including the estimated amount, types of services you will need and their fee structure.
Gathering a Pool of Enthusiastic Referrals
The people with whom you spoke in Tip: 4 could prove to be valuable as character references. What plan wouldn’t benefit from a few successful business owners attesting to an entrepreneur hopeful’s ability to tap existing resources, set and achieve goals and determination to succeed? The people you contacted early on would be able to enthusiastically write glowing references for you, having been part of your research process.
Tracking Saves Time
Never underestimate the power of real time tracking. While we all think we’ll remember certain important things, when we sit to write our Business Plan our mind is completely empty of even the most exciting events. It’s so much easier to take out your notebook, from Tip: 1, and thumb through a few pages and see a living history of your path to your new business.
Thank You for Reading
I appreciate your time and hope that I was able to move you toward your dreams of self-employment.My ultimate goal is for us to run our businesses more efficiently, effectively and expertly, which having tons of fun.
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