“Figure out your business.”
What do you do when you have an idea for a business, but you are not a business minded person? Now, the best way to go about this would be to hire someone who is so they can assist you along your journey. But what happens when you don’t know anyone who can aid you? You have to then become what you are not. I don’t think Steve Jobs or Bill Gates are business minded people, but they grew to be those types of people. When you can’t find the resources to aid you through your journey, you have to make your plans work for you on your own. So what are the steps to accomplish this feat.
Measures must be taken in order to ensure you are going to have a successful business.
Research what type of business structure: S-Corp, LLC., non-profit, etc. This will be the step in determining your business. Then you have to move on to the next step
Decided the product and/or service you want to find yourself providing to the public. This coupled with the legal structure of your business will aid in coming up with the next step of the business process.
Sit down and write out your executive summary of what it is you are looking to accomplish in your overall business moving forward. And from here you can move on to the big plan.
Here is where you will be putting together the business plan. This is the over documentation which will provide a full layout; an eye opener into your business.
You would think this would be the beginning, but it’s not. This is the portion of the business that involves procuring funding for the operations.
Now once you have procured the funding and all the planning is put into place, do you open doors; not yet.
Spread the word about your business. You don’t just open doors and hope people will just walk in off the street. How do you expect them to find out about what you do?
Start the process of making known you have a business, and it is hiring. Unless you are operating from a place where of not really needing daily employees. But at some point you will need to hire depending on the success of the business.
Stock up on inventory if you have not already have. That is taking into consideration you need inventory for your business; unless it is a service. The the people are more so the inventory for the consumer.
Open the door to your business, and allow for customers to make use of your product/service.
The scary aspect of business is failing, but there is another problem lurking. And that problem is people who make money and get complacent. They get stuck in one place and fail to reinvent themselves. And this is the point they start to decline. But you are a creative, how do you maintain creativity, but operate like a businessperson in such a strict manner as well. You have to develop both sides of the brain.
My Personal Website: www.faheemjackson.squarespace.com
Instagram Me: @theefaheemjackson
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