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.

Grab the template here.

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?