index More Resources to Start a
Starting A Business - The Plan.
In the Movie and Play South Pacific
there is a song called Talking. The words to that song go like
this. Feel free to sing it. Talking, talking, talking, talking, talk.
Talk about thing youd like to do. You have to have a dream. If you
dont have a dream. How you going to have a dream come true. This is
the first step. If you are going to devote 50+ hours a week to a business, it
is really essential that it fulfill a dream you have.
Surveys of successful people have shown that the love of the work has been more
important than the money. Interestingly, that usually equates into success in
the work of love, which is then followed by financial success. It is also true
that many people buy or start a business that they did not have any passion for
in the beginning but learn to love the work and they worked in the field. The
first rule then is stay close to the heart.
In order to start anything new you must start out with a plan. We all have
heard stories of great ideas that died because some one did not go past the
idea stage. The plan should include such simple answers to the following
questions; what is it you want to produce or sell? What is the list of steps
that you need to take to produce your product? (Working backwards from the
final product, accomplishes this.)
What are all the marketing and administrative steps that you have to take? And
lastly, what resources do you need to execute this plan, including education
and finances? This plan and all of its parts will give you a road map. So we
have the second rule. If you do not know where you are going. How do you
expect to get there.
We have all heard the expression. The best laid plans of mice and
Now that you have a plan worked out and all its details, it
becomes very important to take this plan and execute it one step at a time. One
way to help move you rapidly through your list of targets is for you to put a
completion date on each target step.
This prevents procrastination (putting things off until tomorrow that you
should of done today.) and keep you moving steadily towards your final
destination. This brings us to the third rule. Follow the Yellow Brick
On the above list of necessary questions was the question of resources. In a
capitalist society like the one we live in the two main resources are Capital
(money) and Labor. This concept basically says you need both of these. It also
implies that if you have more of one of these you can use less of the other.
For example; if I need a piece of office furniture I could 1. Spend my hard
earned money and buy one or 2. I could get my tools out, buy some lumber and
make one with my labor. There is third resource that is not mentioned but is
just as important. It fits into the two resources by being called using your
brain or your brawn (strength).
How to you best utilize your brain so you can work smart? The answer is get
educated on How to run a business. How to control finances. How to market your
product? And my favorite: How to keep it and not pay it all out in taxes?
Invest your hard earned capital in these very important resources. This brings
us to rule number 4. They cant take your knowledge away from
Now that you have gotten some business and management training under your belt,
you can revise, correct and streamline your business plan. This of course does
not assure you that it will get done, no matter how beautiful it is. You need
to actually do the steps of this plan. To make sure you keep working on the
plan targets, I suggest you do some of your targets every day. This has to be
done while at the same time delivering your service or making your product you
will find that each week the work gets easier, production increases and the
business becomes more organized.
Todays organization of the business is tomorrows
expansion. Expansion cannot occur without organizing to make production
smoother. If you do not spend time in organizing, then you will become like all
people who just work harder and harder each day trying to catch up on
yesterdays work. This brings us to rule number five. This is the rule to not
follow the crowd. And what is the crowd doing? Most people so busy
working that they havent got time to get rich.
Find a path you would like to go down, make a step-by-step plan on how you are
going to get this plan done. Put completion dates on each item in the plan. Get
a business education and then decide the best use of your available capital and
labor. Constantly work to streamline the business to run more smoothly while at
the same time, keep your daily production and sales increasing.
The constant balancing of producing a product and making the company run
smoother so it can increase production in the future is youre your most
important job as the owner of a business that is going to support you with a
large abundant income.
About the Author: Willard Michlin is a Business Broker,
California Real Estate Broker, Accountant, Well known Public speaker and
Administrative/Business Consultant. He can be contacted at his Ventura,
California office by calling 805-529-9854 or by e-mail at
firstname.lastname@example.org. See other articles by Willard Michlin at
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