Starting
Running
Growing
Starting   Running   Growing
Stage 1


The Steps

Planning
Confirming: your business idea
Developing: your business plan
Organizing: your business
What to Consider
  • What service or product you will provide?
  • Who is your target market?
  • How big is your market?
  • What will customer pay?
  • How will your deliver?
  • Sole Proprietor, S-Corp, LLC?

Funding
Analyzing: your capital requirements
Finalizing: your financial plan
Funding: who do you go to?
  • What are your expenses for 1st two years?
  • What will the money be used for?
  • Prepare detailed financial plan?
  • Identify potential sources?
  • Pitch your plan?

Implementing
Executing: your business plan
Adjusting: to make a profit
Opening: launching a new business
  • Organizing, initiating, producing
  • Tuning your offering for your customers
  • Managing each aspect of the business
  • Controlling costs
  • Selling and delivering for your customers
SBA - Small Business Administration