After a good couple of weeks, it’s time to bring the New Entrepreneur series of posts to an end. It may not be as in-depth as a book or a blog dedicated to the subject, but I hope that it has provided information that you’ve found useful.
The posts, in chronological order, have been:
- Before you Begin – things to consider before starting a business
- Market Research – investigating if your business idea will work
- The Business Plan – factors you need to taking into account when writing your business plan
- Raising Funds for your Venture – various ways you can go about raising funds for your venture
- Alternative Sources of Funding – alternative ways your business can raise capital
- Marketing – putting together a marketing plan for your businesss
- Selling – a basic sales strategy
- Customer Service – the importance of customer service to your business
- Managing your Money – keeping an eye on the money going through your business
- Financial Management – balancing costs against revenues
- Picking People – recruiting people to your business
- Managing your Manpower – human resources management
- A Simple Approach to IT – your infrastructure needn’t be expensive or complicated
Now that I look over the posts as a whole, rather than individual pieces, I think the overriding theme has been that whatever the options available, it is important to choose those that are most suitable to the business you plan to start. This will be influenced by your location, the type of business you hope to set up, the amount of funding available, the market power of competing firms, and a host of other factors. Nevertheless, there will be a mix that is a “best fit” for your business situation, and picking this could be the difference between success or failure.
Not everyone is cut out to be their own boss, and not everyone will start a business. But for those who do, planning – constant planning – from business idea to implementation is key. This series of posts has aimed to give some pointers on planning, and hopefully some inspiration for those who were thiking about making the leap.
[Image by KM & G-Morris]