Opening a new business is very exciting! From planning to setting up your space, shopping for everything you need to getting your 1st customer, it’s an incredible journey.
Furthermore, it affords you flexibility with your schedule, more time with your family, more money for life adventures, and the freedom to live your life on your terms.
If you’ve been thinking about opening a business for a while, then your mind is probably starting to spin right about now with all of the different tasks you need to get done before you can open your business.
You might also be wondering where to start, how to start, and how to get everything done properly so that you can open your business successfully the first time is top of mind for almost every new business owner.
What Happens When Business Owners Don’t Have a Proper Plan in Place for Opening Their Business
A lot of aspiring business owners and entrepreneurs find the process of getting started confusing, frustrating, and overwhelming, especially at the beginning.
As an Entrepreneur of 12 years, I can tell you for certainty that it does take some work to open a business and can be confusing and overwhelming at times, however, opening and growing a business it is not impossible.
Before I opened my home business I had 4 jobs and only an hour a week to do my business planning. Like most aspiring business owners, I didn’t know where or how to start.
As a result, I had to perform a ton of research and work on my business idea consistently each week (for only an hour) and eventually, I was able to open and grow my dream business successfully, the first time.
How to Open a New Business Successfully The 1st Time
Anyone can open a business and make it successful. With the right tools and the know how, your new business can be as successful as you dreamed it would be, but before you begin, it’s crucial that you need create a Business Plan.
Having a Business plan will provide you with a specific guide for how to open your business and grow your new business successfully and consistently.
It’s imperative to your success that the #1 thing you have in place BEFORE you launch your new business is a BUSINESS PLAN.
Why You Need A Business Plan
A business plan is your guide to launching and growing your business over time.
Imagine opening a business where people loved your products and services and as a result they refer all of their friends and family to your new business.
The advertising and marketing plan you’re implementing is working consistently day after day which is bringing you more new customers. You business continues to grow every month becoming more and more successful.
Before you know it, you need to hire staff to accommodate the overflow of new business you’re bringing in.
Imagine How Your Life Would Change
How would it feel to know exactly how to market your business, where and how to advertise your business, what to say to attract the right customers and when, so that you don’t have to put in very much effort to grow your business at all.
As a result, it grows itself. How amazing would that be for you? What would having a successful business mean your for you and your family?
How would it feel to know that your business is growing on autopilot which means you can focus on doing what you love?
Having a business plan in place provides the ability to run your business like this because it provides a path for you to follow so you can grow your business consistently and successfully.
You might be tempted to skip over this part of the planning process because it still seems confusing, frustrating, and overwhelming but I urge to not to.
How Will a Business Plan Help?
A business plan will provide you with a complete guide for your:
- Startup Costs
- Financial Plan
- Marketing Plan
- Advertising Plan
- Growth Plan
- Legal Structure
- Business Operations
Having a business plan will help you:
- Acquire Funding
- Grow Your Business
- Scale Your Business
- Budget Properly
- Have Proper Legal Setup
and much more!
I know it seems overwhelming at first glance but a business plan is not overly difficult to create.
It just takes some time, research, organization, patience, and the ‘know how’ to write your plan properly.
I know you are ready to start your new business because you are reading this article. I know that you can make it happen!
How Do You Write Your Business Plan?
Work on creating your business plan first so that you have a complete guide for how to launch, grow, and scale your new business successfully the first time!
To help you succeed with your goal of opening your new business, I have created a business plan kit to help you through the process.
This will help minimize the confusion, overwhelm, and frustration that usually accompanies this process.
I’ve created a 119 pg. Complete Business Plan Bundle which includes:
- 9 Step-by-Step Checklists
- Business Goal Setting Breakdown Kit
- Business Plan Basics
- Competitor Analysis & Fee/Product Research
- Calculate Base Income & Hours
- Projected Business Expenses Worksheets
- Monthly & Quarterly Projection Charts
- Complete Your Startup Costs List
- How to Choose a Business Location
- Create Your Complete Marketing Plan + Competitor Research &Strategies
- Create Your Complete Advertising Plan + Research & Projected Costs
- Perform SWOT Analysis
- Decide on Funding Option for You
- Contacts for Borrowing From Friends/Family
- Choose a Business Name – Register it and Start Your Website
- Calculate Profit/Loss Statement
- Step-by-Step Template for How to Type up Your Business Plan
- Executive Summary
- Basic Financial Forecasts & Projections Spreadsheet
- Basic Monthly Cash Flow Report
- Additional Worksheets for Each Section
- Simplify Your Plan on 1 Page
Why Do I Need Such a Large Kit?
The Bundle Pack is meant to help you through the ‘back end’ of creating your business plan meaning all of the rough drafts for every section you require.
The bundle pack contains all of the spreadsheets and worksheets you need to perform research, calculate costs, budgets, and projections, and design your marketing and advertising plan as well as choose a business location, setup your website and more.
After you’ve completed your rough drafts, you will be able to simplify your plan on one page or type it up for presentations for lenders to acquire funding.
Want help creating your plan? Book a free 30 minute discovery call with Alexis to find out how she can help!
Click the image below to schedule your call today.
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