WEB ARTIST® offers FREE complimentary E-Books that will explain some of the questions you as a New Business Owner might have or when compiling a New Business-Plan
You might get overwhelmed with the sheer number of items on your to-do list. But not to worry; we have broken down this start-up checklist into the primary tasks you need to do now, and those that you can defer until later.
What You Need To Do Now
- Determine viability
- Create a business plan
- Figure out the money
Be brutally honest. Your start-up needs to be something you can make a profit doing or delivering. Ask yourself: would you buy it? Run the numbers: will customers pay enough so that you can cover costs and make a profit?
It’s easy to convince yourself that you don’t need a business plan, but creating a business plan with financial projections forces you to think through details. Keep your plan a living breathing thing that you revisit and adapt regularly.
Most start-ups take a lot more time to get off the ground than you expect. Know where your living expenses for the first year will come from (savings, a job, spouse’s income, etc.). If you need financing for your new business, start investigating your...
Download the entire Business Start-Up Guide E-book
Before you start writing your business plan ensure that you know as much as possible about your product, the industry and your target market. Determine the purpose of your business plan whether it is to make money or if you want investors to invest in your business. Create a company profile as it is an easy way to attract potential customers. Documenting all aspects of your business from your expenses to cash flow, this will help you when writing your business plan as all the necessary info will already be available. Ensure that you have a strategic marketing plan in place (this is where we at WEB ARTIST® Team will be able to assist you).
A Business Plan Needs To Consist Of The Following:
- A cover page
- An executive summary
- A business overview:
The cover page is the first page of your business plan that highlights the key information of your company like a company logo, company name, address, and other key information. By looking at the business plan cover page, a banker or investor can get a quick idea about the purpose of the presented document. Your cover page should be neat, clean, attractive and professional enough to draw your reader's attention.
It is the most important part of a business plan – it has to sell your strategy for success to your investors. It is an overview of the entire plan and it must contain the highlights of the business plan and summarise each of the sections in the plan. An important thing to remember is that the summary should be written last as it contains a short description of all the components of the business plan
It comprises out of a business profile & the products and services you have on offer. The business profile needs to include a background of the business, what type of business it is and the mission statement of the business along with...
Download the entire Business Plan E-book