Irrespective of what you might need the money for, whether to start up your dream business or simply to use it to keep the business running or for purchase of assets for the business. You need to draw a business plan.
What Is A Business Plan?
It is simply a document that shows what the money requested for will be put into use as well as necessary inputs that will ensure the business achieves the objectives for its setup.
When writing your business plan/proposal, it should include the following below:
Executive summary (Mission statement):
Your executive summary is a one-page overview highlighting the business plan essentials such as nature of business, name, legal structure, amount for loan and repayment proposal.
Vision Statement For The Business.
Financing goals:
Financing goals highlight costing and estimated financial projection while competitive analysis examines the industry competitiveness relevant to the business. This will include money for capital expenditure.
Products And Services
Implementation Process.
Competitive Analysis:
You have to identify your competitors and their products and services in order to find a method to outdo them.
Market strategy:
This has to do with identifying your marketing plans and customer demographics and how you intend to enter the market. Through promotion, advertising, viral marketing i.e word of mouth.
Management and Organization:
For a Home business to succeed, there has to be a captain with the crew that will run the business effectively, irrespective of the size of the business. This is inclusive of staff thatnwould be involved even if it includes relatives.
Operation Plans:
This identifies the location, structure and regulations involved in setting up the business.
Profit and Loss Plan:
You must draw up a profit and loss account plan in order to show how much profit you will make.
Forecasting:
Finally, you should state the plans for the unforeseen and the future. Whether you intend the business to outlive you or you intend to start and later hand it over to someone else has to be put into consideration when planning your business.
These are all the main key elements that you must include in your business proposal for your first step to success in a home based business.
Till I come your way again. I remain Caroline Oguama. Your Host
www.quickhomebizideas.blogspot.com
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Showing posts with label quick home biz idea. Show all posts
Showing posts with label quick home biz idea. Show all posts
Wednesday, September 2, 2009
Thursday, August 27, 2009
Start A Home Business: Home Business Owners Make More Money Than Employees. Become One Today!
The reason why you must start a home business today is to create more wealth and become financially free.
A well-known author of a book called "Working At Home" by name Lindsay O' Connor, says that before you begin setting up a home business, you must ask yourself these few questions:
- Do I feel the Lord's direction to do this?
- Where do I feel called to excel and what really bugs me?
- What would I enjoy doing and what are my gifts, hobbies and talents?
- Does my spouse agree with my decision?
- Would my family be supportive?
- Am I suited for working at home?
- Is there a market for what I want to do?
- Have I researched my business decision?
Setting Up Your Home Business:
- Determine the amount of time you want to devote your time to the business.
- Estimate your start-up costs.
- Determine the amount of money available for start-up costs.
- From your start-up list, determine your initial priorities.
- Choose your Business name and register it.
- Open a Business account.
- Have your printing stationery done.
- Determine your record keeping system.
- Establish a Business plan/proposal.
- Get your initial equipment and supplies.
- Decide where in your house you will locate your business.
- Advertise your services or business through word-of-mouth, networking, classified ads, online social networking sites (such as facebook, twitter, LinkedIn.com etc..), pay-per-click ads, local newspaper, hand bills, post cards.
- Set up a website or blog to launch your business online (You can start with free blog like blogger.com or wordpress.com to launch your business).
- Get Organized.
LIST OF BUSINESS IDEAS YOU CAN START WITH LESS THAN $100
Arts & Crafts:
- Tie & Dye
- Sewing
- painting
- Bead making
- Jewelry making
Computer-oriented Businesses:
- Typesetting Services
- Web Designing
- Computer Repair Services
Employment Services:
- Recruitment agency
- Resume writing and career counseling
Food:
- Bakery
- Catering
- Cooking Course
- Pastry Making like puff-puff, akara (fried bean-cakes) etc.
- Plantain chips
- Personal Services:
- Nail salon
- hair salon
- Tutoring service
- Event planning and decorating
- Home Gym
- Image consulting
- Personal shopping services
Publishing & Writing Business:
- Free Classified ads (online and offline)
- Desktop publishing
- Parental guide/directory
- Freelance writing
- Newsletter publishing
- Local Cookbook publishing
- How-to Guide/manuals.
Recreation and Entertainment Businesses:
- Entertainment agent
- Event planning
- Catering
- Kiddies/Adult Party Planning
- Video Production
- T.V & movie production
- Vacation Planning
Services to Businesses & Homes:
- Food Delivery Services
- Consulting Business
- Accounting
- Advertising Services
- Flier Distribution
- Debt recovery services
- Book-keeping
- Web Designing
- Graphic Design
- Information Marketing/Broker
- Secretarial service
- Typing services
- horticulture
- Home/Office Cleaning
- Interior designing
- Ironing
- Maid Service
- Pest Control
- Photography
- Pool Cleaning
- Public Speaking
- Seminar Promoting
- Networking or Multi-level Marketing Sales
- Fashion Design etc.
I hope from the listed ideas above, you can be able to pick or have an idea of what you want to do.
Til I come your way next time.
I remain Caroline Oguama, your Host
Watch out for more
visit my blogs: http://quickhomebizideas.blogspot.com
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