A great small business always starts out as an idea, but you have to transform that idea into action. That’s where many people can start to feel overwhelmed.
If you start by breaking your goal into small tasks it gets easier.
Here is my advice:
1. Brainstorm
How will you name your business? Will you be a sole trader? Is your industry competitive? These are just a few questions that you would need to answer. Make sure that your business name is not already registered as an ABN in Australia.
2. Write a one-page business plan
The main parts of a business plan include the executive summary, a company description (what makes the company unique), a market analysis (the competition and target demographics), the company’s structure, a description of the service or product line, the marketing and sales strategy and financial projections.
3. Gather Resources
As with any business, you do need finances to start your business. It is either buying equipment, finishing a course or saving money for advertising.
4. Launch Marketing and Website
Before you launch the business off the ground, start planning the ideas for marketing, sales, and branding effort. Create a Facebook page, Twitter profile, Google+, and LinkedIn page for your business, depending on the appropriate social media channel for your company. Logo and your brand colours are key. This is where you will need a professional 🙂
5. Set Goals
Whether your business is a day or a year old, continuously set goals in order to move your business forward.
