When starting a new business, what’s the first step you take? And then what?
To work out the viability of an idea, I would definitely suggest writing a business plan.
They help you to map out your goals, your target market, your start-up budget, your promotion strategy and your financial goals among many other things.
It might sound overwhelming, but it’s not.
When I sat down to write the plan for CBRmade, I used the awesome template on business.gov.au‘s website.
It includes great instructions and shows you step-by-step how to plan to succeed.
It may pick-up that you need to conduct more research on your product offering or your audience.
If you ever want to apply for start-up capital loans, you will definitely need a business plan in place.
Set yourself a goal to have it completed in the next 30 days.
You won’t regret it!
Tell us below – have you got a biz plan?
No responses yet