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Casual Articles - Questions to Ask Yourself When Starting a New Home Business
As a part-time consultant in the carwash industry in my retirement, often one gets approached by would be entrepreneurs who want to start a truck wash business. Generally they have some idea that this will not be cheap so they round up friends and potential investors and then begin to study the industry in detail. What is truly amazing is that with all the government regulations out there the costs of such ventures often make the viability un workable.Normally such entrepreneur or investment grou
Whether you use software or not to write a business plan you could always ask yourself the basic questions. Getting to the basics
If you are considering entering a close niche sub-sector industry then you will also hear rumors in the industry, some true and others coming from those who have an axe to grind. It is extremely wise to listen, but not comment. Just say oh really like you are shocked and interested. Then they will tell you more of course. Still try not to judge as you will be listening to only one side of the story.You might hear such things as: I believe the President of XYZ Company is a spoiled little rich kid
The place you need to start with your home business is with the pen and paper or word processing software and a PC. One thing I learned about starting businesses is there are so many variables involved it is not possible to “keep it simple” if you try to run the entire business without some type of plan. Not knowing or not being able to prioritize your needs with your business can result in bad money management and eventually failure.
Writing down what your business is about helps put your business into perspective and helps you define your immediate needs and hold off on spending on items you don’t need right away. Most recommend you write a business plan. You can buy software to write a plan and go through a set of questions to write one. You could always research how to write a business plan online.
Whether you use software or not to write a business plan you could always ask yourself the basic questions. Getting to the basics
A very good point of sale system can be very expensive. A new business owner may not want to spend too much money on an expensive system right away. Even though a point of sale system is a very important part of a successful business you do not want to buy one you cannot afford as of yet. You should purchase and implement a system that is affordable for you business at this moment, and later on when your business becomes successful you could upgrade to a more expensive system.Expensive Point o
The place you need to start with your home business is with the pen and paper or word processing software and a PC. One thing I learned about starting businesses is there are so many variables involved it is not possible to “keep it simple” if you try to run the entire business without some type of plan. Not knowing or not being able to prioritize your needs with your business can result in bad money management and eventually failure.
Writing down what your business is about helps put your business into perspective and helps you define your immediate needs and hold off on spending on items you don’t need right away. Most recommend you write a business plan. You can buy software to write a plan and go through a set of questions to write one. You could always research how to write a business plan online.
Whether you use software or not to write a business plan you could always ask yourself the basic questions. Getting to the basics
If you are in the mobile car wash business and you should be. Then you know that your clean work vehicles is your best piece of advertising. But what type of signage should you put on it? Your work vehicles will be very visible in the parking lots while you are working. It will be seen all day long as it is driven around town and when it is parked and you are working. The truck should be used as a sales tool. This brings us to the topic of signage on the van or truck. How can we sell car washes, rec
Writing down what your business is about helps put your business into perspective and helps you define your immediate needs and hold off on spending on items you don’t need right away. Most recommend you write a business plan. You can buy software to write a plan and go through a set of questions to write one. You could always research how to write a business plan online.
Whether you use software or not to write a business plan you could always ask yourself the basic questions. Getting to the basics
Here’s What Happened to Me: About a year ago I worked with three enterprising women who were considering a start-up company specializing in makeup and a bath and body line. They were a good referral from a trusted business colleague. When these clients first contacted me, they hadn’t done any research in their client market, they had no business plan and they had no idea what type of logo they wanted. Nor did they know what their business was about, what their
Writing down what your business is about helps put your business into perspective and helps you define your immediate needs and hold off on spending on items you don’t need right away. Most recommend you write a business plan. You can buy software to write a plan and go through a set of questions to write one. You could always research how to write a business plan online.
Whether you use software or not to write a business plan you could always ask yourself the basic questions. Getting to the basics
Do you have a list of marketing ideas that you'd like to implement, but just never seem to get around to actually doing some of them? Who has the time?Creating a marketing calendar is the only way to make sure you stick to your plans. Take it seriously – don’t forward today’s marketing to-do into tomorrow’s list or you’ll fall behind right away. Here are some tips to keep you on track:1. Do you have a slow time of the year? This is the best time to brainstorm and create your marketing plan
Whether you use software or not to write a business plan you could always ask yourself the basic questions. Getting to the basics means a lot to me. It provides a foundation to your ever evolving business plan.
If you are starting your own home business, try asking yourself these questions. They may help you in the same manner as they help me:
1. What is your business name?
2. Is your business registered as a “Doing Business As” (DBA) or Corporation? – This is very important for tax purposes and banking.
2. Explain what you business does in one short paragraph. – Describing your business in a few sentences helps define the main focus of your business.
3. What products does your business sell? – List any product your business is selling and any variations of its availability.
4. Who does your business sell to? – This will help you define your market (if any) Try to describe the personality of the market and why they would want to buy your product. It may provide a starting point for your business’s marketing strategy.
5. How do you want prospects and customers to contact you in regards to the product your business is selling? – You may decide that you don’t want prospects to call your home number and you may need a separate phone
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