Starting a business is fun. Planning a business is not as fun. So how do you take your fresh idea and turn it into a viable business without sacrificing your enthusiasm in the process? Here are some ways to get started now.
Plan well, but plan quickly.
You know you need a business plan. (You do know that, don’t you?) You also know that business plans are long, scary, and mind-numbingly boring. They tend to take a lot of time, time which you might not have.
The most important part of your business plan is your SWOT analysis. This is where you identify your Strengths, Weaknesses, Opportunities, and Threats. The SWOT analysis is your new best friend. Run one on your business, on yourself, on your business partners, and on your competition. Figure out what’s helping you and what’s hurting you. Do not fall into the trap of shoving your head into the sand and thinking you have no weaknesses. Think about this. Write it down.
Photo by z.about.com.
Get A Fresh Biz Idea Off The Ground
September 12, 2008 by Rich | 1 Comment
In Advice, Startup, Strategy
cassy on September 12th, 2008 at 7:58 pm
Think about this.
“Do not fall into the trap of shoving your head into the sand and thinking you have no weaknesses”.