Starting A Business The Three Ps



Starting A Business The Three Ps

Starting a​ Business – the​ Three 'Ps'
There are a​ lot of​ factors to​ consider when starting a​ business .​
Primary among these are the​ three Ps – Plan,​ Prepare and Persist.
Plan
After you have selected some ideas from your brainstorming to​ base your business around,​ create a​ plan of​ attack .​
List what you'll need before your business starts .​
What will your ongoing expenses be? Factors include rent,​ utilities,​ permits,​ licensing,​ legal fees,​ inventory,​ staff,​ design,​ marketing collateral,​ mailing lists,​ software,​ advertising and more .​
Get as​ much as​ you can out on​ paper and set deadlines to​ get things accomplished .​
This will allow you to​ evaluate your pace.
Prepare
Once you have a​ plan,​ carry it​ out .​
Preparing to​ start a​ business can be a​ lot of​ work .​
Tasks include getting an​ identity designed,​ creating business cards,​ brochures,​ web sites and other marketing material,​ consulting with CPA's,​ lawyers,​ and HR professionals,​ in​ some cases finding and renting or​ buying a​ storefront or​ office,​ furnishing the​ business space,​ getting utilities in​ place,​ receiving and organizing inventory,​ getting a​ database for your customers and leads and any number of​ other tasks .​
By running a​ home business,​ some of​ these steps will already be taken care of,​ yet opening a​ business of​ any kind can be an​ enormous task .​
While planning your business make sure to​ leave plenty of​ time to​ get up and running .​
Better to​ plan your setup time too long than too short and finding yourself running out of​ money.
Persist
This is​ the​ most important step of​ running a​ business .​
Without persistence,​ you won't even be able to​ finish your business plan .​
Hang on​ like a​ pit-bull .​
When the​ going gets tough,​ get tougher .​
Have worst case scenario plans to​ fall back on,​ as​ well as​ best case scenario plans.
Some businesses become over-night successes,​ while other take year to​ develop .​
If you plan,​ prepare and persist,​ you’ve got a​ very good chance of​ making it.

Starting A Business The Three Ps





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