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Heres A Game Plan To Make Your Idea A Reality

1. Stop. Think. What is it that you want to accomplish? What exactly do you want to do? One sentence should be more than enough, whether you want to start an individual business or enter a franchise. 2. What is your final destination? Where you see yourself ending up has an impact on how you progress and how youall react when you reach your goal. 3. Why are you doing this? Is it personal, professional, or something else? 4. Now that you know where you are going and why, is this still something that you want? If youare saying yes, you have to move on to just how to get there.

The first step is to look at how to reach your dream, for example how to build a business from the ground up. 5. List what you will need. The odds of it being anothinga are fairly minuscule. If nothing else, it will need your time. 6. How much is enough? Despite your best intentions, there may come a point when you will have no choice but to turn your back on your idea, or at the very least leave it in a closet for awhile while you concentrate on other things. Although planning for failure is an unpleasant thing, it is important to know just how far you can go before you find yourself in over your head.

7. Make a list of projects based on your ideas. What takes precedence in that list? For the goals outlined previously, try and decide what you can do to reach them. For example, if someone wants to start a business, some possible options include:

Option 1: Build my business up in my spare time while continuing to work full time. Pros: Continued income and the knowledge that I can take care of my family. Health benefits continue. Cons: Basically dealing with two full time jobs, the actual full-time job and my business that is intended to be so in the future. No spare time for anyone or anything else.

Option 2: Leave my job, and devote all my time to starting my own business. Pros: With my full attention on the new business, it stands a better chance of success. Also have some free time. Cons: Requires a lot of savings or the new business to start generating revenue quickly. Also means that all benefits are cut off.

Option 3: Buy someone else's existing franchise or business. Pros: Someone else started up the business. I may be able to keep their existing clients. May be able to rent their expertise while learning the ropes myself. Cons: Franchise fees If the seller is trying to get out of the business, is it really a business I want to buy?

8. Now that you have considered the pros and cons of each of your options, you need to select one. Which one has the best risk-rewards ratio for your situation? 9. With a basic plan of action decided upon, you can begin to look more closely at what you need to do at each stage. Make a timeline, and stick to it. You also need to make a realistic budget, considering everything that you will need to start your business. There is advertising, office space, and donat forget that youall need some sort of salary.

Example: Building up the business. Work full time while working on the side action plan: 1. Create business cards for the new business. 2. Tell all my friends Im doing that kind of work, get referrals for friends. 3. Do all the jobs I can on the side. 4. Save up the money from this to get full liability insurance before doing big constructions jobs. 5. Get the liability insurance / bonds. 6. Incorporate. 7. Work full tilt on weekends and evenings. 8. Hire a helper to work on evenings and weekends. 9. Quit job and work on projects full time. If you did it, congratulations! If you didnt, look at what happened. Learn from the mistakes and try, try again

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