If you want your business to succeed, the place to start is with your Business Plan.
A business plan is like a road map. It gives you direction and helps you work out where you want to go and how you can get there. It’s like a To Do list, practically listing the tasks required to establish and operate your business. It’s also the document that can unlock financing, attract future partnerships and set up your business for success.
Starting a Business | Business Foundations | Video
Key Points
- When starting your own business, the place to start is with your business plan.
- Think about your business, the market, the business operations, the risks and your finances.
- Always remember your ‘why.’ Think about why you wanted to start your business in the first place and what is your vision and purpose is.
If you would like to read an article outlining how to set up you business, here’s the link:
“John gave me very good support and is a great mentor. He wants to help my business grow even more. Even after we finished the business plan, he maintains regular contact. He is always messaging me to see if I need any other help, like with opening up a bank account or researching things like insurance. I know he is there for the long run not just short term.” – Zara, Makeup by Zara Parker, Pilbara WA
Next Steps
Did you love this business foundations lesson / power tip? There is always more to learn about your small business as your business journey continues and evolves. A good way to learn is to put aside some time every week to look at a new Many Rivers Small Business Resource.
For existing clients, make sure you reach out to your business coach if you have any more questions about this topic. It is always a good idea to talk about what you just learnt. They might even have some more tips to share with you.
If you are new to Many Rivers, find out more about what we do by looking at some of our client stories. Each of our clients have a very different journey to share about their business and their experience working with Many Rivers. You can read about the different programs we have available here.
We want to encourage more and more people to take that first step towards building on their small business ideas, or their existing business.
We’re here to support you the whole way.
Please take the quick Small Business Self-Assessment and see if we are right for you.
