Five Steps to Jumpstart Your Business
By: Amanda Ashley
Updated: May 2, 2011
We told you about SCORE NWA on this week's Doing Good. The local organization offers advice, guidance and resources for those who are considering starting their own business. SCORE offers the following five steps to jumpstart your business plan:
1. Clearly define your business idea. Be able to state the purpose and goal of your business using clear and simple language. Know your mission.
2. Examine your motives. Make sure you have a passion for owning a business and for this particular business.
3. Be willing to commit to the hours, discipline, learning and frustrations that are common to owning a business.
4. Conduct a competitive analysis in your market, including products, prices, promotions, advertising, distribution, quality and service. Be aware of the outside influences that can affect your business.
5. Seek help from other small businesses, vendors, professionals, government agencies, employees, trade associations and trade shows. Be alert, ask questions and visit your local SCORE chapter.
You can check out the SCORE website for lots of great resources.
http://www.nwascore.org/
1. Clearly define your business idea. Be able to state the purpose and goal of your business using clear and simple language. Know your mission.
2. Examine your motives. Make sure you have a passion for owning a business and for this particular business.
3. Be willing to commit to the hours, discipline, learning and frustrations that are common to owning a business.
4. Conduct a competitive analysis in your market, including products, prices, promotions, advertising, distribution, quality and service. Be aware of the outside influences that can affect your business.
5. Seek help from other small businesses, vendors, professionals, government agencies, employees, trade associations and trade shows. Be alert, ask questions and visit your local SCORE chapter.
You can check out the SCORE website for lots of great resources.
http://www.nwascore.org/
