Entrepreneur's guide to starting and growing a business


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Entrepreneur's guide to starting and growing a business

  1. 1. 2/23/13 9:37 PM The number of Entrepreneurs that begin their journey increases each year. Some of these adventurous spirits have done their homework; however , most of these Entrepreneurs jump head first into the journey with no detailed plan. The folks with no plan will soon discover that starting a business requires a lot hard work and planning. Entrepreneurs possess decision making abilities, problem solving skills, and have persistence. You may have the right stuff for being an entrepreneur if you can explore innovative ways to respond to opportunities and can tenaciously pursue goals regardless of the energy required. An entrepreneurs abilities allow you to believe in your own ideas and develop the experience necessary to learn the skills needed to be successful.about:blank Page 1 of 4
  2. 2. 2/23/13 9:37 PM Part of being an entrepreneur is deciding if your business is the right choice and provide a valuable service. Is your product or service is compatible with existing beliefs, attitudes and buying habits of customers? The product or service has an identifiable advantage over competitive sources and the advantage is of significant relevance to the customer. Once you have identified your product or service, you will need to create a checklist for your start-up, get familiar with the regulations and requirements. Remember...all great entrepreneurs learn how to write a business plan. Be sure to include what you are going to do, who you are, where you are going, and how your are going to get there. Also include: Title Page Table of Contents Mission Statement Executive Summary Industry Status Target Market/Customer Base Marketing Planabout:blank Page 2 of 4
  3. 3. 2/23/13 9:37 PM Production and Operations Plan Insurance Management Plan Financial Plan Attached Exhibits Entrepreneurs know that the leading cause of failure for small businesses is due to lack of capital. It is critical that you understand what the Start-Up cost and monthly expenses will be. Best of luck to you on this exciting adventure you are about to take.... and remember -- If you cannot do great things, do small things in a great way. – Napoleon Hillabout:blank Page 3 of 4
  4. 4. 2/23/13 9:37 PM http://www.newpa.com/webfm_send/1439 Entrepreneurs Guide To Starting and Growing a Businessabout:blank Page 4 of 4