The 7 (8) Essential Startup Steps
If you wish to start a new business, then you must take the 7 Essential Steps as indicated in the excellent article from Entrepreneur. I added another step, Create a Business Plan, so now we have 8 steps in total. Well, the article includes business plans in the step number 2, Show Yourself the Money. But only of you are looking for investors. Instead I think that creating a business plan is important especially for you, and it will be foolish going into any business without it. Read more…
Why do we need a Business Plan? As everybody knows, without a plan you don’t know where to go. But this does not mean that, in order to be successful, every business has to prepare a 70 pages written plan, with charts, spreadsheet and the like. The answer of this question is that planning is important, but not necessarily the plan. In other words it is the process. Planning is important because it helps us, business owners, to focus, prioritize, manage and finally track our performance. Read more…
Why for some companies, the economic downturn is business as usual?
This is the title of an article published by the Wall Street Journal on March 23, 2009, which is full of useful information even for us, small business owners or managers. I’m saying this because the article is obviously directed towards big companies. But I liked the ideas and I tweaked the content a bit to make it more suitable for businesses like ours, that is small. Read more…
