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10 Things To Do Before You Start Your Business


If you are thinking of starting a new business, or if you are just about to take the plunge, you will know that there is a lot that you have to do. But where do you start? It is a good idea to get some of the groundwork done before you start, possibly this will often mean things that you hadn't thought about, things that most people do as a reaction to circumstances rather than as a planned activity. However, in practice you will almost certainly find that it is easier to set things up right at the beginning, so that systems grow with the business, rather than find yourself "firefighting" later on.

Here are a few things to think about and do, before you dive straight into running your new business. Get the foundations right and you will be well on the way to a successful business.

This is by no means an exhaustive list, but should be enough to start you off.

1. Think about your goals. What are you setting out to achieve? Write them down. Did you know that only 3% of people have written goals? ..and did you also know that these people earn up to TEN times more than people without written goals!

2. Why are you setting up in business? What do you ultimately want from your business? Write down your exit strategy. Do you want to sell eventually or pass on to your family? Are you aiming for big profits, to create a 'name' or just fulfil a need that you have identified?

3. Find a good accountant, someone who is proactive and forward thinking. (See "10 Things To Ask Your Accountant")

4. Find a mentor. Either your accountant or other business advisor, someone in the same field who has done it already or perhaps someone from the local enterprise agency.

5. Research your market. Make sure there is demand, do people want what you have to sell? Also check pricing and packaging options, what would people pay, how do they want it delivered and with what choices?

6. Write your Business Plan. It may sound obvious, but lots of people don't do it. There are lots of places where you can find free help and advice, just do a search on the internet, or ask your business advisor.

7. Decide where you are going to work. You have many choices - at home, in an office, in a warehouse, near to customers, out of town?.. What is right for you and your business?

8. Make sure you know how you are going to finance your new business. Have you plans to survive the first 3-6 months whatever happens?

9. Open a bank account. Keep all your business transactions separate from your personal ones. You will find it much easier to manage - your accountant will like it too!

10. Read The E-Myth Revisited By Michael E Gerber. It has to be THE book for new business owners.

As I said, this is not a comprehensive list, there are probably hundreds of other things that people might add. But this should give you a good base to start from.

Julia McDaid is a business coach and author, specialising in helping business start ups. For more information on these issues or on coaching for new business owners, see http://www.startupright.co.uk or enrol on Julia's unique Start Up 101 ecourse, where you can go into each question in a lot more depth. Julia also publishes a free ezine 'Secrets of the Successful Entrepreneur' - to sign up just send an email to [email protected]


Todays News by officejax free advertising and ad exchange solutionsMORE RESOURCES updated Sat. March / 06 / 2021
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Sweaty palms, armpits and feet? Count on these Ayurvedic home remedies  The Indian Express

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In Zimbabwe, Covid-19 vaccine competes with herbal remedies  Quartz Africa

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Home Remedies For Low BP: 8 Easy Tips To Raise Low Blood Pressure  NDTV Food

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Home Remedies For Hair Growth: How To Grow Hair Naturally With Good Food  NDTV Food

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Five effective home remedies to relieve sinus pain  Times of India

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Oral Thrush and Inhalers: Causes, Symptoms, and Treatment  Healthline

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Dogs should be taken to the vet if poisoned, not treated with at-home remedies  AFP Factcheck

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Home remedies that cure a dry scalp  Times of India

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Suffering from sinusitis? Try these effective home remedies to relieve pain, congestion  Times Now

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Have mild COVID symptoms? Ayurvedic doctor shares effective home remedies  The Indian Express

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Sciatica pain treatment: Medical options, exercises, and home remedies  Medical News Today

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3 Easy tips and helpful DIY home remedies to feel refreshed in the rising summer heat  PINKVILLA

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Coronavirus Vaccine: Home Remedies For Side-Effects  India.com

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Struggling with facial hair? Here are 3 simple home remedies to get rid of them  PINKVILLA

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From pacifying dry cough to treating dental issues: Count on these easy home remedies using walnuts  The Indian Express

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DR. WALLACE: Teen worried about being labeled runaway  Goshen News

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Effective and natural home remedies that can help you get rid of facial hair  Asianet News English

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The 5 types of psoriatic arthritis  Medical News Today

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Asteatotic Eczema: Symptoms, Causes, Treatment & More  Healthline

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Coronavirus home remedies: Treatment options and when to seek help  Medical News Today

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Home Remedies Using Apple Cider Vinegar | INTEGRIS  Integris

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6 home remedies for asthma  Medical News Today

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Easy home remedies to cure sore throat  The Indian Express

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Tired of Cough Drops? Try These 5 Home Remedies for Cough  EcoWatch

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6 home remedies to relieve headaches naturally  INSIDER

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10 home remedies to get relief from cough  Times of India

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Fighting the Sniffles? Try These Traditional Indian Cold Remedies  Healthline

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Home remedies for common cold  Times of India

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What to take for nausea: What medications and home remedies work well?  Medical News Today

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5 natural home remedies to get rid of cold sores fast  INSIDER

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