Are you about to launch your own business?   Have you developed a product or service that meets a market need? Congratulations are in order. You’ll never work harder nor be rewarded more then when you open the doors to your own business. Follow these recommendations from successful serial entrepreneurs to ensure your venture is launched for success.

Whether or not you are seeking venture capital, a bank loan or no outside funding at all, you must have a plan to succeed. That plan is referred to as a business plan. Take the time to address the fundamental needs of a start-up and how you will meet them.

Product development, marketing, sales delivery and service processes should all be addressed in detail in your business plan. Identify costs, fixed and variable, start-up capital needed, product development and delivery as well as marketing, sales and service plans.

Meet with a mentor or industry executive to review your plan and make any necessary recommendations. Don’t become so consumed with it that you fail to launch your business; but do hash out the details for the major operating functions of your business proposal.

Most start-up companies are launched at a kitchen table, in a garage or even a basement. Wherever you decide to set up shop, address the components where you have the skill level and outsource those where you don’t. If you’re developing your own website for marketing or online ordering, take advantage of the awesome deals offered by Groupon coupons and registered your website’s domain using the great deals offered by NameCheap.

Identify capable sales people that have industry experience and will represent your company and product with integrity. You only have one chance to make a first impression with prospects and one chance to own problems and correct them with clients. Committing to operating every aspect of your business with the utmost honesty and service to customers will set the stage for a company that has staying power, growth opportunities and most of all profitability. Best of luck to you as you launch your venture!

Republished by Imagincreation