Starting a Business 101: What’s Your Plan?

By November 5, 2013Marketing, What's New

An idea is a dream. When you plan out your idea that distant and unreachable dream becomes a reality. This is the reality of a business owner.

Starting a business from scratch is not an easy feet. There is a category in business known as Entrepreneurship that is as specific as it is tough to spell correctly. Entrepreneurship means taking on innovation, or realization of a new idea and following through until achievement has been made.

Not everyone has the ability to become an Entrepreneur and follow the dream of owning and creating original ideas, services or offers. You need to have a go-getter attitude, passion and a truth belief in what you are doing. You have to exude with information and love of your product or service. You have to be aggressive, well planning and do whatever must be done to get your business heading the right direction.

Entrepreneurs need a plan, a budget and a long-term vision for your company. You must be aware of the trends and strengths of the market, find a perfect storefront or office and many other pieces of the pie have to be executed for a well organized business.

Here are some important benchmarks that you should be aware of and organize, before you can branch out into public:
Business Strategy- create a long term plan of action
Social media plan of action
Direct marketing plan
Web marketing plan
Traditional marketing- print, radio, TV
Youtube marketing- viral videos or creating and updating your page
Budget allocation
Market analysis
Competitor analysis
Start up funding- private/public share holders
What Niche market are your clients a part of?
Product, promotion, place (demographics), price- 34 P’s of business

Use these aspects of business planning to fully equip yourself with all of your planning business planning needs. A well thought out business plan will make your new business run smoothly, even in the infant stage. You will therefore have less issues and hiccups along the way.

Author everymerchant

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