Starting your own business can seem a very daunting task. Here, at GBS, we have helped many people set themselves up in business and strive towards the financial freedom they have always wanted but above all we have helped them to become their own boss. So you would like to have that freedom too?
Ok, so the first thing you need to decide is what type of business you want.
Ask yourself these questions:
1) What do I know about? 2) What skills do I have? 3) Who do I want my clients to be? 4) What budget do I have available to start a business?
Everybody has interests and everybody knows something about something, whether it's about gardening, plumbing or consulting services. The trick is to decide what you know best and how to turn that into a business.
Especially important is defining who you want your clients to be, so you really need to think about who you are aiming the product at? It is no good selling bikinis to Eskimos in the middle of winter!!! Unless, of course, it's an end of line stock that you need to clear out and the buyer is willing to stock pile them until the summer just because they are at a give-away price!!!
So, just give some thought to the client you are aiming at and define your product purposes. These have to be clear in your mind before you start thinking about business & financial planning.
In deciding what kind of business you would like, it may help to check out what, and how much, competition there is in your chosen field. You may want to look at how they are marketing their product/s, you may want to make pricing comparisons. Carefully study your local market or the market you'd like to be a part of and see if you can find a niche for your own product/s.
When looking into these areas you should ask yourself:
1) Can my product be made competitive enough, in comparison to my counterparts already in operation? 2) Could I offer special promotions/incentives to buy from me? 3) What could I add to my product that would make it more attractive to my clients?
As per my example above; if the bikinis are an end of line stock at an extremely affordable price, then why shouldn't the eskimos buy them and stock pile them until the summer. It might be a once in a lifetime deal for them at the right price.
OK, so now you've decided what kind of business you'd like, who you would like your clients to be, what niche there is in the market and you've checked out the competition and decided how you could make your business equally, or more, competitive, you need to sit down and think about the nitty gritty, the financial aspect.
I forgot to mention. From the moment you start thinking about having your own business start writing everything down. Keep a journal, jot down details about your competitors, potential client areas, niches, write down what you do during the day, keep track of everything and I mean everything. Write down the questions I have given you here, write down the answers. Make note of the pros and cons of having your own business. EVERYTHING.
Why? ... Quite simply because, for one ... the hardest thing in the world to do is have your own business. It takes a great deal more motivation and incentive than getting up in the morning, going to your bosses office and working till 5pm because he says so!!! With your own business there is no one to pay you for getting up in the morning. There is no one to keep track of whether you are getting the work done or not.
Secondly, no matter how good your memory is, there is always something that gets forgotten. If you set yourself a regular set of clearly written daily, weekly, monthly and yearly goals, in a journal, you can always go back over them and see what you have done, what needs to be done, what hasn't been done and why.
Moving on to the financial aspect of having a business the questions are quite simple:
1) How much to I have to invest? 2) Can I really afford this? 3) How much would it cost me in the worst case scenario?, i.e. if I didn't get any clients in the first few months.
Don't forget, write it all down.
Done? ... Ok, so ... think about these things next.
1) How many clients would you need per day or per week to make ends meet? 2) How do you plan on getting those clients? 3) What goals are you setting yourself, (in the short-term) 4) What goals are you setting yourself, (in the long term)
Write down all the answers ... congratulations you have just taken your first steps in making a business plan.
If you would like to know more or if you need assistance, a GBS Consultant is available to help you. Please contact us if you wish to receive our "Business Start-up" E.book, printed manual & CD rom, priced at 300,00 Euros, a very small price to pay for tools that could make you become a very successful entrepreneur.
Our Ebook and Printed manual shows you ways of setting up business tools and the CD Rom gives you talks, advice and awesome inspiration to keep the pace in achieving your goals.
In addition, we will give you:
5 Hours FREE on-line consulting in real time. Innumerous FREE tools to help you get started Our FREE e.commerce manual to help you get set up on the web Innumerous FREE Internet tools, links and helpful sites.
So, what are you waiting for? Are you serious, or not, about having your own business, don't wait any longer, contact us NOW!!! | |