Ready to launch?

March 14, 2011 at 11:40 pm Leave a comment

I read an article on Entrepreneur about getting a business up and running.  The site has five steps that are suggested to follow in order to make the start up worth while.  1. Look for that “aha” moment.  The aha moment is often finding a problem and creating the fix to that problem by starting up a new venture.   2. Plan ahead.  Planning ahead means that you are two and a half times more likely to go into business.  Putting down all your ideas down on paper allows for more thought to be produced.  Research can be conducted by making a business plan, such as competition and marketing.  3. Value your business.  Valuing the business is a very important step because investors usually do not see the business at the same value the owner might and having an idea prior to finding investors will prevent a broken heart.  4. Find the right location.  Location means everything for retail if that is what the business is.  High traffic areas mean everything for drawing in business.  5. Find your first customers.  First customers are very beneficial to gain feedback on their experience with the company.  Feedback upfront allows for changes to be made before the mass of employees swarm the new venture.


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