Things You'll Need:
- Website
- Location
- Hiring
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Step 1
While having a website is a great idea, make sure it is part of your budget. There are many webdesigners, but when money is an issue call your local college and find students that have to do this pro-bono for a grade. You will find that working with students are an excellent way to save money as well as get their view on what you are doing. Of course you should give them some money. Work it out with them. They will give you a great product.
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Step 2
Location is everything. If your location is not good, neither will your business be good. So make sure you choose a location that is suited for the product or services your company is offering. For instance, let's say you find a building that you really like. It seems to be in a good location and you don't see anything wrong with the area. The first thing you should do is find out why the building is empty, how long has it been vacant, what type of business(s) was there.
Next, talk to people that are familiar with the location you choose. Make sure your company and the surrounding area will make a good fit for the community.
Periodically check your business plan to make sure you are still on track or don't need to make adjustments. Stick as close to your plan as possible. Use the plan as a guideline to help with planning your financial output. -
Step 3
If you are a small business and plan to open with 3 to 5 people or any size company, make sure you choose people that will be the right fit for you and your company. In other words, make sure they have the personality to do what it will take to ultimately bring success to you and them.
Staffing agencies
Staffing agencies can be expensive and may require a contractual agreement between you, the agency and the employee that will lock you into not having the ability to hire the employee until the contract has been fulfilled.
Another idea is to hire students that are majoring in the area of service your company provides. For example: If you are opening a Drop and Shop (as discussed in part 1), you may want to hire students that are majoring in ChildCare or Early Childhood Development. They can also be paid a limited amount of money and use the position as an Internship.
Managers
Hire managers that have experience in the field you need. For example: An investor wanted to invest money into a restaurant that I planned to open. I told him, I would have to have certain areas that I would be totally responsible for. His thought to me was that he was already a successful businessman and while I understood what he was saying, if I tried to run one of his businesses without any knowledge in that field, I may not be able to make discissions that would better benefit the company. Well, he understood it better in those terms and we came to an amicable agreement.
Comments
jackiehalbert said
on 1/30/2009 Great series!