Six Essential Questions Before Starting a Business

p>Have you looked at the map of your business plan4. Next, you will need to consider the organization of
today, your vision of what you want? Do you knowthe business. What structure will you use? Will it be a
where you are going and what you must do today tosole proprietorship, a Limited Liability Corporation, a
get there?partnership or a S Corporation? Do you need a
There are six essential questions to consider whentrademark?
you begin to build a business plan that are pertinent at5. How are you going to manage your resources?
the beginning of the process, and during periodicThis includes the bookkeeping system you use and
reviews throughout the coming years. For those ofhow you handle your taxes. How do you want to
you who do not own a business, I would encouragestructure your management of staff? This can include
you to take these thoughts, and make slight variationswhether you will create teams, keep a relatively flat
so as to apply them to your work or your personal life.structure, or develop a hierarchical structure similar to
They work just as well there as they do within a smalllarger corporations. Will you pay a bonus to all
business environment.employees or just some?
6. Lastly, how are you going to communicate what you
1. Who are you, and what do you stand for? This isdo? This includes colors, brand, website, advertising,
your identity and it is extremely important for you to beand the words you use in your marketing and your
clear about this from the beginning. These are yourelevator speech. As you think about these, keep in
values, and will show up in your policies andmind that they should reflect the passion you feel for
procedures, and your management style.what you are doing?
2. How do you feel about what you do? Do you loveWhile they are not the facts and figures of a traditional
it, or do you merely tolerate it? It is essential thatbusiness plan, these six questions begin the thought
everyone working within the business understand whatprocess of the purpose behind your business, the
you stand for; that they know who you are, and howpassion you feel for what you are doing, and how you
much you care about your business. Your customersare going to communicate both internally and externally.
will recognize this immediately, and it will make a hugeThose two ingredients, purpose and passion, are what
difference in the service you provide.will make you successful, and will help you build the
3. What are the people you serve telling you? It is keymap for your business. Once you have the map, the
that you understand clearly what they want from you,details will begin to fall in to place.
and what services or product you need to provide toToday , I will take the time to plan my day and create
them.an overall plan for my business.