Ideas for a small business start up - Web Design Forum Graphic Design Site Templates Flash CSS Discussions

sliver12 · #1 04-17-2010, 08:00 AM

Hi

* We begin by assuming that you are in the business you love. If you are not, the first tip we have for you is that you find something about it to like or move to something that you are passionate about.
* Cash! Plans! Cash forecasting and financial plans are next on the agenda. A planned budget, a measurement process, both short and long term will help your business start up. It's imperative that you know your projected income or revenue and cash expenditures to drill down to your cash flow.
* Research your business, your competition, and the industry and stay current and then define your USP. (Unique Selling Proposition) Read, read, and read! Get start up advice, join organizations that will help you, get on to the net and do all your homework there.
* If you can differentiate and find that USP, leverage it to the maximum.
* It helps to establish and fall back on a trustworthy mentor or advisory board. It could even be family, someone whom you can bounce ideas off, and get an objective opinion on your USP among other factors.

Keep sharing and reading
Thanks

wendy34 · #2 09-01-2010, 10:53 AM

Hi

The very first step you should take before doing anything else is to take some time and evaluate what you enjoy doing in life. What are your interests? What are your hobbies? Take a piece of paper and a pen and write down your thoughts.

In your interest inventory, take the time to think through your life. Your initial ideas will likely focus on those topics that you enjoy and are good at. New business ideas shouldn’t necessarily focus on those areas where you’ve found both enjoyment and success – but the enjoyment factor is key.

For example, let’s say that you love to cook and entertain for large parties. But you’ve never done this outside your own home. You’d love to start a catering business but how will you know you can succeed?

Well, business success depends on a lot of factors – but the critical factor when getting started is that you enjoy what your business is all about.

Does enjoyment = success? Unfortunately, no. The point we’re trying to make here, however, is that when starting a business, it needs to be based on something you enjoy.

Thanks