So you’re ready to set up a small business or embark on a big expansion of your existing one? You may be itching to get going, but many people make two critical errors at this point.
Expanding your business to increase its income seems logical
Whether it’s January 1st or June 1st if you’re feeling stuck, overwhelmed, or not getting the results you want in your business (or in your life) it’s worthwhile revisiting the goals you set for the year ahead.
You love your clients, right? At least most of the time. They make it possible for you to do what you do – work you love that allows you to pay bills and live a pretty decent life. But every once in a while things seem to get out of hand.
When I review start-up business plans, I often see a tendency to minimize risk to the point where the business risks seem almost non-existent. I understand the desire to present a business in a positive light, but every business comes with risks.
This is the woe of every new entrepreneur or small business, “How do I get more clients?” When I first started out in business this was really all that was on my mind. I knew that I was doing something incredible, I just needed people to share it with!
Starting a new business is a tough task these days. Not because there would be any major obstacles in the process itself, but the market is incredibly competitive and only the very best entrepreneurs are able to thrive in such an environment.
You’ve decided that you’ll finally start your business in 2013 and it’s time to start putting the pieces in place to make it happen. In all the excitement of a start-up launch, something really crucial often gets overlooked: the business plan.
If you run a small business – unless your business is marketing; I’m guessing that writing a marketing plan does not make your top ten list of fun things to do.
May 10th 2012 was a day that will I will never forget as it was the day I pitched my invention called The HEFT in Toronto for the CBC TV show, the Dragons’ Den.