To be an entrepreneur, you need to follow the ensuing steps as I have outlined them for you!
(If you already know what kind of business you want to start, skip ahead to
Step II. )
You want to start a company that will, "yes," make you money...but you also want a company that will make you happy...otherwise what is the point? Why start a company that will make you miserable?
I have a proven method to determine the kind of company that is hand made for YOU!
If you need help to ascertain what kind of business you want to run, or what kind of product to sell, or what kind of service to offer, get out your paper and pencil and do the exercise below. It will help you narrow down your thoughts to the kind of business will make you happy and will make you money. It will help you find YOUR niche!
If you would like my help AFTER you have done this exercise to determine whether or not your idea is viable, fill out the form* at the bottom of this page and submit it. I will gladly puruse it and let you know my thoughts on how to tweak, how to improve, or how to better make money with your ideas...if possible.
(Note: I will not be able to help anyone who has NOT filled out the form completely...meaning, if there are not at least 15 ideas in the first area, 6 in the second, 3 in the third, and 3 in the fourth, I cannot respond. I need to know that this is being taken seriously)
This is the hardest part of the process. I have watched many people who believe they have a great idea for a business, go down in flames because either their niche was too small or they couldn't get the profits to outweigh the expenditures.
Here is how it works.
I hope this gives you some ideas on how to create your own business model. If you have questions comments or concerns, click CONTACT S and I will be happy to address them.
Once you have determined what your business is going to look like, think of several different names for your service or product. Once you have settled on that, move on to:
The next step is to raise some “beginning start-up capital.” “Beginning start-up capital” is the money that you will need to acquire some things that will help you get your “start-up capital.” This money is usually gotten from friends and/or family. You are NOT ready to approach a bank or an angel investor yet. They will tell you "no" and laugh at you behind your back because you are not ready for them.
To get this “beginning start-up capital,” it is important that you know what to say, how to say it, when to say it, and why to say it.
I have a script I can send you that will help you raise the "beginning start-up capital" from your friends and family. I will send it to you once you have filled out the form below and we have established WHAT business you are starting and if it is viable or not. If you did not need to fill out the form below because you already knew what your business was going to be, contact me so we can start a dialogue.
Step III is the "why" of why you need the "beginning start-up capital"
The initial money you have raised so far should be used ONLY for purposes of helping you raise the Start-Up Capital, which step you are NOT at yet.
You should not be paying yourself or buying equipment you think you might need, etc.
The "beginning start-up capital" goes for these items:
A business plan is one of the most important tools you will ever have throughout the history of your company.
It tells, anybody who reads it, what the company is, why the company exists, how the company is going to make money, how the company is going to pay back it's investors, the marketing plan to attract customers, the risks that you will be taking, why you are better than your competitors, how much money you will need in order succeed (with minimum and maximum projections), who is on your team, why they are on your team, extensive reports on the products or services you provide, etc.
The better your business plan, the better your chances are of raising capital at the beginning AND the better your chances are of successfully growing your company to the end (if any)!
Once you have raised the "beginning start-up capital" and completed the things listed above, it's time to raise the "Start-up Capital."
Click here for the next steps: Be an Entrepreneur, Part III
* The form for STEP I...
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