Do you have a choice…
We spend the majority of our live’s working, do you have a choice?
Today there are many people that have been displaced into jobs that they just know isn’t right for them but do they have a choice? These people are not happy in their work and long to do something that they enjoy doing. However, they also know that they have to earn a living and look after their home and families, so what choice do they have?
Suppose that you get laid off of work, you know that you need to earn a living so you start applying for work. Anything will do to get back into work right? If one of your applications does eventually become successful will you now join many of the already unhappy people in a job they don’t like and become frustrated?
You may have been thinking about starting your own business. Doing something that you really love and enjoy doing. You already know that you’ll be happier, however, is now the right time to even think about it or to start a new business? What do I need to start a new business? What will my family think and will they support and help me?
You must understand what exactly is involved in starting a new business but more importantly, your family need to understand and be in a position to support you.
Take time to consider your options and strategy!
It may be obvious, but just because you may want to do it. It doesn’t mean that someone will want to pay you for doing it. Business isn’t really about doing what you love as such. Unless people will pay you to do it, so you can meet costs and earn a living. Sometimes people will pursue their hobbies thinking that because they love it other people will pay for it!
Being original may help although it’s no guarantee of success. Sometimes, when you see that there isn’t any competition, it may have already been tried and perhaps failed as there weren’t enough customers. Very few businesses actually start with a great new idea. You can still be successful if you do a good job, give your customers value, and be reliable.
This question leads to a lot of very important business planning issues, such as business strategy, marketing to the right people and month to month sales forecasting. But first, take a step back, and give yourself an honest answer. Will people buy what you are offering?
How much is it going to cost to set up your new business?
You will have to estimate what it’s going to cost you to get started. First of all, think about your expenses and any required assets you may need. Such as, establishing a legal entity, business cards, designing a website, and so on. Assets are what you have to own to do business, such as, a computer, office furniture or tools of your specific trade. There is, of course, one more thing that you will have to think about.
How much money will you need to have stashed away to cover your spending during the early days of building your business? If you’re lucky, you’ll have your family and a lot of other good people around you that may help. Some of which may have also had some kind of experience to help you. There are also a lot of online guides that may help but let’s face it, no business is going to be exactly like yours. Therefore you won’t find the exact figures that you need. Unfortunately, you will have to estimate them for yourself.
It can be a little discouraging at the beginning especially if your figures don’t really work out that well. However, don’t give up there are always ways to succeed.
Set up a business plan and strategies to succeed.
So you have your idea, you have all the figures but do you have a written business plan, all laid out and including all the information that you need to succeed? Opportunities are when you have an idea that will work, plus the resources to get it going. If your figures don’t quite work out you can try to get a business loan or try to find some kind of investors to help. Ensure you do it right, or not at all. Finding investors can be a tough path to follow, but many good businesses go through it.
You’ll definitely need a written business plan if you need outside investment or a bank loan. If your figures look good and you don’t need any investment or a business loan it’s still advisable to have a written business plan. Keep it on your computer. But do make sure you have a plan and, as soon as you actually get started, make sure you review that plan every month or so. Your plan will be wrong but don’t worry about it, they’re always wrong, but it will become the first draft of any revised plan that will be better and will help with your strategies as your business grows. You have a choice to succeed and Ascribe Bureau can help you with your business plan, with your brand identity and your website design.
What’s it all going to cost me?
You have probably heard the phrase “good advice doesn’t come cheap”. Well, that being said, no advice or bad advice will cost you more in the long run.
Good advice doesn’t have to be expensive but it’s definitely worth a little time and investment. To ensure that your business is on track and runs as smooth as a Swiss clock.
Working with a consultancy has many benefits for any business whether large or small. What would you pay for your freedom? Release those chains holding you back! There is no charge until an agreed contract is signed so contact us, let’s talk.