How do I get started running my business once my business plan and product specifications are complete?
I am a new businessman. My business plan and product specifications have been completed. I want to get started now, but I do not know where to begin this early in the business.
If you have completed your business plan in detail and you have established your source of funds (whatever amount of money you thought you needed to launch your business and pay your bills at home, double it or even triple it). Your plan should have detailed your road map to success, including all contingent problems you may for see and how to teal with them.
If you have done all that and you are ready to go. I give you permission to start first thing tomorrow morning. Map our your time line of each step to completion up to your business launch. Then start doing it.
If there are areas you are not comfortable with such as accounting, marketing, manufacturing, distribution, finance etc. get help from a professional in that specific area or those areas. Each day you need to accomplish one or more of your key areas in your business plan.
At the end of your 1st week look back at your accomplishments, give yourself a big pat on the back and layout next weeks goals to complete. Do this for 4 to 8 weeks and you will be well on your way to making your business happen.
One of the key things you need to remember is if you don't know how to do something find someone that does know. Chances are you may be good at 1 or 2 or even 3 things but I doubt you are good at everything you need to know to start and run a business. If you have to, offer a earned part of the business ownership to highly qualified prospective partners. Remember it is better to own part of a successful striving business than to own 100% of a struggling failing business, no matter how much you think your business could be worth in the future. Without them there may be no future for the business.
Good luck. Your work starts tomorrow. Get plenty of rest tonight and get up early and have a good breakfast. You will need it.
Pat has it – If your business plan is sound, you should have already documented your initial steps and milestones.
Before you make any major financial commitments thoroughly test the validate your “product specifications,” make certain there is a market ready for them, scope it then determine what alternatives your would-be customers may have, where they would source it from and what advantage (other than price) your specification has over competitive offerings.
The world is full of great products with no genuine customers.