I found your post after I answered your question.
- It tells me a lot more about you and your thinking*
.
Re: Business Start Up Aug 9, 2008 3:31 AM
I feel as if I could assist you in this topic, as I have turned a idea
with friends into a investor ready business plan and have now found a
investor. Is it going to be just you starting this company or is there
a team of entrepreneurs? The reason I ask is that I found it easier
when running into to road blocks to have a "support" team to continue
the process moving forward. The first thing I would do is to right down
different ideas of how you are going to differentiate yourself from
competitors and when you feel you have enough then look into getting a
template for a business plan. If this is your first business plan that
you have written then prepare to read, then read some more. This
process is a great learning experience. In the business plan you need
to show numerous supporting factors in why you will succeed, as well as
how you will market yourself to build company awareness. The financial
side of the business plan needs to have a break even analysis, cash
flow analysis, 1,3,5 year profitability analysis and other important
factors of business. After succeeding at writing the business plan, I
would move forward on finding a investor, most chamber of commerce's
have investor list or access to investors. Also look to the internet,
as it can lead to finding what your looking for. I will give you one
idea which might help, if I understand what your company does then this
might help you. I would go out and find companies that could potentialy
need for someone to take photos of the service they completed to post
in there portfolio, which again look to the chamber of commerce. You
should already have the equipment to take professional photo's
correct?, then move forward on companies that need this service which
should bring in your unfound revenue. I cant say what companies need
this service but there out there, this I do know. So remember to
differentiate yourself from competitors and market everywhere.
