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| Do you have one? |
When you start to think of your business, did you lay out the foundation of your business with a solid business plan?
The first thing you must do if you would like to be successful in your business, is to think outside the box concerning your business.
Do you know what your market is, who is going to want to buy your products. What age is going to buy your products and what is your competition, what is your price market and what stores will want your products. Is this a true niche product that not too many people know about, that you have created, crafted, designed, or invented.
Who is going to manufacture your products.
Will you need a patent, an attorney, a business partner. Do you plan on opening up online, off line or both.
Do you know what your inventory will look like, how many products you will need to have on hand at all times to fill and complete orders. Have you decided a mail Currier service. Do you need a toll free phone number. Do you need to have a website built to showcase your products you have to sell to the open market. How do you plan on advertising and what is your advertising budget for each quarter. Do you have to purchase supplies, if so how many supplies per quarter.
How will you market your product online, have you checked online to see all the places you could be advertising your business right now.
The list could get out of hand, but none the less, a solid Business Plan needs to be established before you ever start to sell to the open markets that are available.
You need this foundation for your business. No house is build with out a foundation, so get out a folder and name your folder.
There are many online websites that offer free advice, free support and free tools to help you further along.
Your business plan is your road map to your success, it's how you will grow your business and where your business will venture in to.
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