While the economy is recovering take advantage of this time to start your own business the correct way – slow, deliberate, and thorough. Remember how everyone was in a rush to do everything fast and now everyone is taking time to think about their next step. How you spend your next dollar should make sense and is thoughtful and deliberate. The impulse of spending haphazardly has diminished. If you can grasp this concept you will have the opportunity to put your dreams into action.
It is a great time to start a business! Why? Time is on your side
1. Time to think about what it is you have to offer and why it is needed
2. Time to get off the ground the correct way
3. Time to do your research – the competitive landscape has changed
4. Time to think smarter and develop a good strategy
5. Time to think about how you will handle revenue (expenses, reinvestment, etc.)
Most businesses fail within the first 2 years due to lack of planning and resources. Most common failures are: lack of an effective foundation (business plan), no research on the product or service (marketing plan), and no strategy to manage funds (budgeting and cash forecasting). Without professional advice this can seem like an impossible feat. LVisions is designed to provide low cost marketing advice that will help businesses survive and thrive. It’s our mission to help dreams become reality.
Now, let’s take all reasons not to start a business out of the equation and focus on your passion. Whatever you are passionate about is what your business should be about. If you are passionate about it, you will do an excellent job, and the most important thing is that you will enjoy doing it. Think about this question carefully – What is that one thing you could do every day with a smile on your face and is truly satisfied in doing it? Or what is a needed product or service that your community is in dire need of? The answer to these questions is your business opportunity to not only make a profit, but to be a blessing to those that can benefit from it.
I am going to give you information to jump start your dream. What I need you to realize is that you cannot wear all of the hats in your business. You will need professional partnerships at every level in your business. You will also need to realize that you will need to invest (time and money) in your business. Your business will either grow or die based on your decisions. Don’t try to wear all the hats – It’s not wise or practical. Look at successful businesses around you. In a successful business the owner is not the accountant, the lawyer, or marketing and sales department – In all your understanding, please grasp this concept early.
If you are already in business or have experienced a failed business you can also benefit from this information and is encourage to take advantage of the free consultation offered.
Let’s Get Started! – grab a pen and notepad and start answering the questions below. Remember this is the area most people want to skip (planning).