Your small business idea
"The way to get started is to quit talking and begin doing" Walt Disney
Do you have a business idea that you are itching to try but are not sure how to start? Isn’t it time you put your idea to the test? Stop wasting time and start working on creating your own business! Now is the time to take action! Get proactive.
I am not saying go big or go home. Here is a warning - your small business idea may or may not be that great. The only way you will find out is to research and discover whether your idea is worth testing. Go online and get to know your business idea from the perspective of others (your competitors or potential clients). You need to understand the challenges and commitments that come with having your own business. Once you decide that your idea is worth testing, then you need to design a business plan. Here is a simple and practical path to get you started:
You have this brilliant idea! To get started you need to define your product or service. What are you selling? Is it a product? It can be ice cream that you make at home or shirts of your own design. Is it a service? For example, wedding planning or home cleaning. Defining what you are selling is important for you to understand your competitors (others who are selling what you will be selling) and how you will succeed in winning customers.
Challenges and Commitments
Understanding the challenges and commitments before you get started provides you with a set of expectations that will prepare you for working for yourself. What challenges do you foresee? One of the most common challenges is uncertainty about the future. How about commitments? The usual concern is time:
Writing a business plan is crucial to help you clarify your vision and business idea. Initially, a business plan does not have to be very detailed. In this early stage, a business plan can be 1 to 2 pages that detail the following:
Keep in mind that your small business idea does not have to start big. It can be a side hustle that you start on a part-time basis. You can test it out with family or friends. Their reactions and critiques will either strengthen or weaken your resolve to start your business. Owning your business is not all fun, it requires a lot of effort and it may test your patience. There will be good and bad days so you need to be persistent and resilient.
Are you ready to test your idea? Is it time to launch your business? Email me and I will send you a Mini Business Plan Form to get you started. Still not sure, it is ok to questions in the comment section, DM for 1:1 chats or check our Events page for workshops on the topic.
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