Trying to launch a business without a Startup Plan is like taking a trip along a curvy, mountain road without a map, driving at high speeds, while wearing a blindfold.You will eventually arrive at some destination, but it's likely to not be the destination you had in mind and your trip will be anything but smooth.
Even better—if you’re pressed for time—we’ve compiled the 10 steps and examples into a downloadable (PDF) template: But, first things first …
A business plan is a comprehensive roadmap for your small business’ growth and development.
Once employees are hired will you use a payroll service or do it in-house?
Will you set up a payroll tax account with the state yourself or will your accountant handle that for you?
Fortunately, doing market research has never been easier thanks to the Internet and the numerous organizations and associations who will provide you with much of the data you need to make a sound decision. Another example would be #16: find and hire employees.
How will you go about finding employees and who will complete this step?
It communicates who you are, what you plan to do, and how you plan to do it. But, bear in mind, a business idea is will not invest in a startup or small business without a solid, written plan.
Investors want to know you have product-market fit, a solid team in place, and scalability—which is the ability to grow sales volume without proportional growth in headcount and fixed costs.
Once you have the list break down each task into individual action items, assign each item to a responsible party and set a target completion date. For example, your Startup Plan for a brick and mortar business may include: Your Startup Plan may be different from the above (depending on your product or service and expertise) and you may prioritize the tasks in a different order.
You'll also work many of these tasks simultaneously, not just as they are listed.