Are you Ready to start your Business?

From: Peter
Sent on: Saturday, December 4, 2010 10:16 PM
<p><span>Are you Ready</span>

</p><p><span>to Start your Business?</span>

</p><p><span> </span>

</p><p><span>Talk by Guy Thompson, SCORE</span>

</p><p><span>at Nov &lsquo;10 Entrepreneur Meetup</span>

</p><p><span>Summarized by [address removed] Organizer</span>

</p><p>[size= 12pt]<span> <span> </span></span>

</p><p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span>Our speaker for Thursday 18 November was Guy Thompson, SCORE Counselor of nine years. He talked about &ldquo;Getting ready and Managing your Business&rdquo;.</span>

</p><p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span> </span>

</p><p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span>1. Balancing your Life.<span> Have you discussed starting a Business with your Family & significant others, so they know what kind of time commitment it requires?</span></span>

</p><p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span> </span>

</p><p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span>2. Verifying your Idea.<span> Have you discussed your &ldquo;concept&rdquo; with friends, associates, mentors?[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span> </span>

<p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span>3. Can you Survive, until it Succeeds?<span> Do you have enough to get thru development & launch until there is sufficient cash flow?[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span> </span>

<p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span>4. Partner-up?<span> Do you need some one to fill in the skills you&rsquo;re missing.[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span> </span>

<p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span>5. Write a Business Plan to define & clarify what you&rsquo;re trying to do.<span> </span></span>

</p><p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span> </span>

</p><p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span>6. Keep a Journal of your daily actions & thoughts, trials & triumphs.<span> You may need it later.</span></span>

</p><p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span> </span>

</p><p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span>7. Backup each other by training your Partner/s & Staff how to do other functions.</span>

</p><p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span> </span>

</p><p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span>8. Create a System:<span> Once you find out what works & what don&rsquo;t, create processes and write procedures to standardize them. </span></span>

</p><p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span> </span>

</p><p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span>9. Get to know your Banker, before you need money.<span> Sharing your progress will build a relationship that will pay off later.</span></span>

</p><p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span> </span>

</p><p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span>10. Spoil your Customers &ndash; especially the most significant ones &ndash; so they will be so happy that they refer customers to you.<span> Follow up on them frequently, to see how they&rsquo;re doing and how you can make it better for them.</span></span>

</p><p>[color=#272727; font-size: 16pt; mso-ansi-language: EN; mso-bidi-font-size: 9.0pt]<span> </span>

</p><p><span style="color : black ; font-size : large">For more Info, contact Peter, Organizer or Guy at SCORE.</span>
</p></span></span></p></span></span></p></span></span></p>

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