Essay about Essential Steps Of Starting Up A Small Business
1. Write a Business Plan
Some people don’t like to put forth time and effort for planning. If you are starting a business and putting your money on the line, don’t “just wing it.” Many great historical leaders and business coaches have said: “Failing to plan is planning to fail.”
This doesn’t mean you need to create a long, complex document. If you are seeking investors and financing, you may need a more comprehensive plan, but for your own purposes, one or two pages will suffice.
A simple overview of your business includes the following items:
Company vision: Define exactly what you want your business be. Mission Statement: Explain why you want to create this business. Goals and objectives: What are your main goals, and what are the individual steps for reaching these goals. Strategies: For each of your objectives, define the strategies for accomplishing them. Action plan: List the actions that need to be done in order to complete each of your…