Six Startup Tips Every Business Needs, by Michael Potter, on Achievement Radio. Here are some highlights:
- BUILD YOUR ‘BRAND’ FROM THE GET-GO.
- BUILD A WEB PRESENCE THAT CONVEYS YOUR VISION
- IDENTIFY YOUR CUSTOMER CHARACTERISTICS
- ORGANIZE YOUR BUSINESS ENTITY
- ESTABLISH A STRONG BUSINESS PLAN
It’s surprising but even today, many people still think that developing a strong and dynamic Business Plan is a mostly-academic exercise that has little practical place in the market today. But nothing could be farther from the truth.A well-crafted Business Plan should be the bedrock foundation of your business. It encompasses your vision, your message, your organization, your marketing, and even your financing. Without a written and specific Business Plan, a capital loan application has little credibility. However, with a Business Plan that is specific and well thought out, lenders have a much better picture of what you have in mind, and frankly, so do you.You see, most business owners get what I like to call ‘Widgetitis’ – meaning that they get caught up in their widget concept and get so involved in its development that they ‘underwhelm’ potential Lenders when it’s time for the financing to get the business along its path.6. WHAT ABOUT AN OFFICE?
He has a lot more explanation than I’ve included here. So you can read that complete at Six Startup Tips Every Business Needs
Tim Berry
President
Palo Alto Software, Inc.
Tim Berry is the founder and chairman of Palo Alto Software and Bplans.com. Follow him on Twitter @Timberry.
