How do I start?
Write a business plan. Formulate for yourself an answer to the following questions:
1. Is my idea strong enough?
Describe your idea. Find out for yourself the strengths and weaknesses of your plan. Where do you see opportunities? Which obstacles can you encounter along the way?
2. Who am I?
Imagine your company. How are you organized? If you have other companies, describe how they relate to each other. Do you have the necessary expertise in-house? Map your competencies. Which courses did you follow? Go deeper into the work experience you have gained. Is your company financially sound? Briefly outline the financial situation of your company here (own resources, current loans, etc.).
3. What do others do?
Make a thorough analysis of the market. Who are your competitors? How many customers do you expect to achieve? Do you have a specific target group in mind? Are you dependent on suppliers? Can you get supplier credit?
4. What are my objectives?
Step out the way that you want to follow as an entrepreneur. Describe your vision. What is the mission of your company? Which strategy are you going to apply? Which values do you find important for you as an entrepreneur and therefore for the company itself? A good business plan is a guideline for achieving your objectives.
5. How do I deal with it?
Write in general terms how you want to realize your plans. What is your marketing strategy? Which products or services are you going to offer? How are you going to put that on the market? At what price? Are you advertising? From where will you work? Do you need a commercial property or are you going to start with a webshop?
Can you handle the work alone? Or do you need staff?
How do I finance my plans?
A financial plan is part of your business plan. Of course, you want your project to be profitable. The financial plan will show whether your business plan is also financially feasible. Can you call on government support measures?
A plan is created in steps. Test the feasibility of your plan time and again. Does something seems unrealistic, then return to the beginning and go through all the steps again. That takes a lot of time, but it pays off. You do not have a plan with a positive result if that plan is not based on reality.
Hopefully, this article can help you make a good business plan.