Step 1: Define It
Step 1 is to articulate your idea in business terms and structure by answering 8 key questions about your idea or concept. Once the Define It step is completed, you will know what the business is about (i.e. the need it is meeting/problem it solves, what differentiates your business from your competition, and how the business will generate income).
Step 3: Plan It
The first person your plan has to convince that the business is a worthwhile investment is YOU.
In Step 3 you will develop the three elements of your business plan: Marketing Plan, Operations Plan & Financial Plan.
Step 5: Start It
There is one critical consideration that remains; planning is one thing, executing is another. Clearly defined goals and action steps, assigning who is responsible for what and designating a time frame for activities to be completed are the keys to execution.
Setting goals, hiring staff and day-to-day management are covered in this final module.