Can you start your own business in only 30 days with a high potential for success? The business startup period of each company quickly can become a nightmare for an entrepreneur. There is a need for different activities that you must perform if you want your business idea to become a reality.
For example, the first thing you need to do is to overcome the fear of starting your own business.
In the startup period, one important question is how much time you will need as an entrepreneur in order your business to become a reality. 30 days to start your own business is an enough period for all important tasks you need to perform, but this is not true for all types of businesses. Some businesses you can start in a shorter period 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 you must perform.
Start Your Own Business Day 1: Collect different business ideas
All companies are something began on some entrepreneurial business idea. If you want to start your own business, you will need to spend the first day of your entrepreneurial journey to collect different business ideas that you can transform into a 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 business idea development process through answering 50 different questions.
- Three Must-Have Things for Business Ideas – Three things that you must include into your business idea for building a 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 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 to brainstorm different business ideas. Next, take a notepad and write them down in the business ideas book template.
Start Your Own Business Day 2 -3: Analyze Business Ideas That You Brainstormed Yesterday
Spend the second and third day on analyzing the business ideas that you brainstormed yesterday. I want to use one measure that will explain to me who are the best business ideas. This measure is a business potential energy that all brainstormed business ideas can have inside them. You can read more about this technique of analyzing business ideas in:
- How to Measure Business Potential Energy of Your Business Idea – Simple process that uses four different metrics for the purpose of analyzing already brainstormed or collected business ideas.
Start Your Own Business Day 4: Choose the Best Business Idea
In previous three days, we collect business ideas and analyze them. Now it is time to pick one idea that you will start 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 a 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 you will need to answer related to the ownership:
- Whose idea 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
Yesterday you made an outline about the ownership of the firm. In the sixth day, it is time to make an initial agreement with you business partners. In this agreement, you must include the most important points about ownership that you outlined yesterday (investments in money, the 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 sounds like a simple task, but remember to give enough attention when you are brainstorming a business name. Start with a simple brainstorming session for possible names that can create a real picture of your business and personal image that you want to build. Think about how the business name will make a difference and uniqueness from your future competitors.
Day 8: Design a Good Logo
The logo is the second identification element 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 you can use as visual identification of your company.
Day 9: Think, Brainstorm and Choose Business Slogan
The business slogan is a third identification element of your business as an addition to name and logo. Spend this day on brainstorming different slogans for the business. The good slogan is the one that can be easily connected with your business, and your customers can easily remember it.
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 in 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. The sales forecast is a prediction of sales figures that you will calculate from the market research data and will expect your business to achieve 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 costs 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 of 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:
- Your Ultimate Guide to Build a Basic Business Plan Template
- 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 to attract enough customers, right customers, or prospects to your business. Spend this 15th day to make a good marketing plan and use some of this marketing ideas. You can read more about marketing plan in:
Next Part: Start Your Own Business in 30 Days – Part 2: Second 15 Days
