Friday, September 16, 2005

[Biz] Preparing for Business

Here's a list of all the actions you could take to set up a business ...

List all the ways you can get income (your revenue streams).
Select one to focus on.
What do you need to get started? A location to work in? A location to sell from?*
Cost your Labour, Overheads & Materials.**
Price your work.
Do a SWOT analysis:
1) list your Strengths, Weaknesses, Opportunities and Threats.
2) develop a contingency plan for dealing with your weaknesses and threats.
3) develop a strategic plan to take advantage of your strengths and opportunities.

* Note to Steve: See “The Business Plan Workbook”, page 13, for this checklist.

** This includes calling ACC, saying what you're doing, that it's part-time and getting an appropriate rate from them. You'll probably be covered initially by Cover Plus Extra ($355 inc GST).

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