The business startup period of each company easily can become a nightmare for an entrepreneur. There is a need for different activities that must be accomplished if you want your business idea to become reality.
In the startup period one important question is how much time you will need as an entrepreneur in order your business to become reality. 30 days to start your own business is an enough period for all important tasks to be accomplished, but this is not true for all types of businesses. Some of them can be started in a shorter period of time and some in a larger period of time.
Here is a list of activities you need to do if you want to start your own business in 30 days. For each day one task that must be accomplished.
Day 1: Collect different business ideas
Each business is started on some type of entrepreneurial business idea. If you want to start your own business you will need to spend the first day of your entrepreneurial journey on collecting different business ideas that you can transform into successful business. At this day, you must brainstorm business ideas as much as possible. I’ve already write different posts about developing good business ideas:
- 50 Questions to Develop Business Idea – Post about developing business idea through answering 50 different questions.
- Three Must Have Things for Business Ideas – Three things that you must include into your business idea for building successful business.
- Business Ideas Book Template – Template that you can use to collect different business ideas.
- The Best Resources Where You Can Find Business Ideas – Some web resources that you can browse to find different business ideas.
- How To Find a Business Ideas That Match Your Own Skills – Finding business ideas that will be compatible with your skills.
- 6 Tips To Increase Creativity For Good Business Idea – How to increase creativity for developing best business ideas that you can start-up.
Read this list of posts and use them for brainstorming different business ideas that will be noted in the business ideas book template.
Day 2 -3: Analyze That Business Ideas
Spend second and third day on analyzing the business ideas that you collect in the first day. I want to use one measure that will clearly explain me who are the the best business ideas. That measure is business potential energy that all collected business ideas can have. You can read about this methodology of analyzing business ideas in:
- How to Measure Business Potential Energy of Your Business Idea – Simple process that use four different metrics for the purpose of analysing already collected business ideas.
Day 4: Choose the Best Business Idea
In previous three days we collect business ideas and analyze them. Now it is time to choose one that will be started as your business. You can choose a business idea with the largest possible business potential energy within it. Use the example in the How to Measure Business Potential Energy of Your Business Idea.
At the end of this day you must be clear with yourself about what business you will start.
Day 5: Determine the Ownership
If you want to start a business with partner it is better to determine real ownership in these start-up days then later when business will start to make money. Here are several different questions that must be answered related to ownership:
- Whose idea it was to start a business?
- How much money who will invest?
- Who will work and what will work?
Talk with business partners about clear answers of these questions. Then talk with your partners about all legal issues relating company’s ownership. At the end of this day you will have the percentage of the ownership of all your business partners.
Day 6: Create Initial Agreement about Ownership
Previous day you have charted what will be the ownership of the business. In the sixth day, it is time to make an initial agreement with you business partners. In this agreement must be included the main points about ownership that was charted in the previous day (money invested, percentage of ownership, invested time in the business startup and working activities for the future).
Day 7: Brainstorm and Choose the Best Business Name
Maybe this sound as a simple task, but remember to give enough attention when you are brainstorming business name. Start with simple brainstorming session for possible names that can create real picture of your business and personal image that you want to build. Think about how the business name will make difference and uniqueness from your future competitors.
Day 8: Design a Good Logo
The logo is second identification of your future business as an addition to the name. When customers think about your business in their brain will appear your visual identification – your logo. Spend this day to design some good logo that will be used as visual identification of your company.
Day 9: Think, Brainstorm and Choose Business Slogan
Business slogan is third identification of your business as an addition to name and logo. Spend this day to brainstorm different slogans for the business. The good slogan is the one can be easily connected with your business and that can be easily remembered from your customers.
Day 10: Make Initial Market Research
You need to understand why customers will buy specific products and services, because there are many different reasons for this. Some customers buy for one reason, another for another reason. Market research is an essential part of any business that wants to offer products or services on a particular market or market niche. Spend this day to make an initial market research. You can read more about market research in:
Day 11: Make Initial Sales Forecast
Spend this day to make initial sales forecasts. Sales forecast is prediction of sales figures that will be made from your business in the future. You can use:
Day 12: Make Initial Expense Budget
Today it is time to make an initial expense budget for the business. Include rents, marketing costs, utilities, payroll and all other costs that will be made in some period of time. Use monthly estimates of expenses.
Day 13: Calculate Your Startup Costs
Now when you have finished with initial expenses that you make the previous day, you can start with calculating startup costs. Use all expenses that you must pay before your startup and all assets that you need to have after startup.
Day 14: Make Business Plan
You’ve already made different parts from your business plan as sales forecast, expenses budget and startup costs. Now you can add all of these things into one business plan. Additionally you must include some tasks that must be accomplished in the future and make an organizational chart with different position of different people in the business. Include cash flow analysis into a business plan combining the data from sales forecast and expenses.
You can read more about business planning in:
- Business Planning – Something that Increase Business Potential Energy
- Business Plan – How to Measure Results?
- Integrated Business Planning – Solution for Chaos in Planning
Day 15: Make Marketing Plan
Writing a marketing plan is not a simple task. But, it will help you to know what steps you need to take in order to attract enough customers, right customers, or prospects to your business. Spend this 15th day to make good marketing plan. You can read more about marketing plan in: