What are some things I should do when formulating a small business plan?
Thursday, March 25th, 2010 at
11:13 pm
I’m thinking of starting a side business that has to do with event planning and the like (everything from organizing parties to arranging photography, entertainment, etc.). I have a lot of experience in this regard, and this will not conflict with my day job.
What are some steps I should take to make sure this side business is a success?
Yep, I’ve been in the business awhile and have a lot of contacts. I just have to make sure that the side job does not conflict with the day job in any way as far as duties go.
Tagged with: Business • formulating • Plan • should • Small • some • Things
Filed under: Small Business Plans
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Know your market. Do research and make sure this biz is bankable. Right off the bat to me it sounds a little risky in this type of economy. Unless your are going to target wealthy people. Good Luck.
I’m thinking that there is an organization with a name like Service Corps of Retired Executives. SCORE.
Other than that, there are business plan formats on the Internet.
1.
Service Corps of Retired Executives (SCORE)
Nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide.
http://www.score.org – Cached
2.
SCORE Chapter 19
… Kansas City Chapter of SCORE (Service Corps of Retired Executives) is part of a … SCORE volunteers serve as “Counselors to America’s Small Business. …
http://www.scorekc.org – Cached
3.
Score Small Business Counselors, an SBA Resource Partner
… Missouri Chapter of SCORE (Service Corps of Retired Executives) is part of a … SCORE volunteers serve as “Counselors to America’s … SCORE Disclaimer …
http://www.stlscore.org – Cached
4.
SCORE Seminar January 22, 2009
Service Corp of Retired Executives. Telephone: 805.563.0084 … Send an email to register. Check In Sheet for Attendees. Link to SCORE 0166 Home Page …
http://www.score-santabarbara.org – Cached
5.
Business Assistance in Greenwich, Stamford, New Canaan, Wilton and …
Fairfield County SCORE provides help for small business owners and start-ups. … are volunteer working or retired business owners, executives and managers with a …
http://www.scorenorwalk.org – Cached
6.
SCORE San Diego
SCORE provides free counseling and inexpensive workshops for small business … SCORE’s volunteer counselors, comprised of active and retired business men and …
http://www.score-sandiego.org – Cached
7.
Welcome to SCORE Los Angeles
This site contains resources for new and existing entrepreneurs. … of successful business owners and executives who provide free one-on-one counseling for …
http://www.scorela.org – Cached
8.
SCOREWORKS.ORG
SCORE News. Home. Click for Business Seminar and Registration Information … Both working and retired executives and business owners donate time and …
http://www.scoreworks.org – Cached
9.
Home
Service Corps of Retired Executives … SCORE Lancaster has 50 counselors with “real life” business experience. … SCORE is a resource partner with the U. S. …
http://www.scorelancaster.org – Cached
10.
Sacramento and Stockton SCORE
SCORE Association is a nonprofit, resource partner with the SBA. … SCORE also offers workshops, for a modest fee, and in addition a free seminar …
http://www.sacscore.org – Cached
market research. You need to find out the competition and what they charge, you need to be competitive.
Also, that sort of business is all about who you know; you need to know people, maybe do a couple for free or very little charge, then just ask that client to refer you to their friends and contacts.
Once you get the ball rolling, you will pick up momentum and it should to well.
You should have a sound business model and revenue model ready. Which means you must have well chalked out scenario about business in terms of planning for finance , resources , who are going to be your target clients etc. Also you should have excellent financial planning ready in terms of capital investment , revenue expenses and revenue income. You should also be able to analyze at what stage you would reach break even.