MY BUSINESS... GO!
There is no start-up method
which apply to all cases. I will use the information I gathered and my
common sense to get started in
the way that suits
me and my business most.
There is however a logical
and orderly way to do things. As I have
far, i will try to proceed one step at a time.
The first thing I must do is
to approach eventual lenders with my plans, if I have not yet done so. I
will find out from them, what
kind of support I
can get, how much they are ready to lend me, what
guarantees they want and what terms they
offer. In my approach to lenders,
I must be ready to support the information I am giving
them on my business plans, but most importantly, I must show
enthusiasm for my ideas. Enthusiasm, more than anything else, will
influence them favorably. I must also be able to accept their
criticisms, if these improve my plans and are generally helpful.
Once the funds have been
secured, I can proceed with the location
of my business, signing a
lease, buying or building premises,
proceeding with improvements
to the lot and building. I must watch
my expenses very closely,
at this point, because, if I keep
changing my mind, costs will
soar and I will exceed my budget for
this part of my plan. Extra
expenses at this point mean less money
and run my business later.
While building or
improvements are proceeding, I will order and buy
equipment, machinery, furniture and
fixtures. I can also rent or lease
these things. I will have made these decisions earlier. I
must make sure that purchase or rental
agreements include delivery dates
that will coincide with improvements and building schedules. The
walls must still be open to get equipment and machinery inside. Tearing down
walls later may prove very costly.
Next, I will contact my
suppliers and determine with their help my
initial needs in merchandise
and supplies to start my business. I
will also determine such things as, terms of payment, delivery date
for initial stock as
well as further deliveries, and suppliers'
promotional items available and when.
I will also let all public services know my telephone number, when
power will be available, etc.
I will get the necessary invoices, cheques, purchase orders,
letterhead and envelopes printed.
To facilitate this work, it would be advisable to keep a log or a
notebook of all the people I must see, why and when.
About one month before I am
scheduled to open my business, I will
contact the media I intend to
use to advertise. With the media
people to help, I will
devise an advertising campaign to announce
date of the opening and the promotion I have chosen.
REASON CALL APPOINTMENT