Do you have a new business venture in mind but aren’t sure where to start? At Alliance Business Coaching, we offer startup consulting to help entrepreneurs successfully navigate the process to take an idea from inception to launch. We work with you to outline the necessary steps and execute on those steps.
Don’t wait until after you start your business to address issues. Instead, be proactive by working with a startup business consultant and coach first. We have the knowledge and experience to guide you and your partners with support and an outside view of your proposed business.
Key Steps to Launch a New Business
Develop a Business Plan
A business plan serves more than just securing funding for your business. While most business loans require a business plan, this written guide helps define your ideas and path to success. A business plan is a map for how you will launch, promote, finance, and run your business.
We offer insight and practical steps to create effective business plans. Don’t skip this crucial step. If writing the plan feels too hard, it could be that you still need to work out the details for the business. That’s where we can help.
Define the Business Structure
The legal and tax structure of your business matters. We understand that this part of the process can feel boring. However, take the time to put the correct structure and systems in place to run your business. Otherwise, you risk a headache down the road.
Who’s on Your Team
Before you open the doors, determine who you need on your team. Do you need administrative support, like a bookkeeper? Do you need a facilities manager, a CFO, or other key support?
You cannot run a business on your own. Burnout is one of the biggest issues business owners face. Put the right team in place to build the business you want without burning out.
Promote Your Business
It doesn’t matter how great your idea, you can only succeed if you have clients or customers. Any new business needs a marketing plan. Determine your marketing budget and the best channels to promote your new business.
Much like putting the right team in place, you need operations plan to manage day-to-day activities. Your team can only succeed if they know what’s expected. Even with a small startup, the details matter to avoid errors and keep you moving forward.
Define roles and duties. Communicate with each employee their responsibilities and expectations. Also, define your responsibilities and daily tasks as the business owner.
Evaluation and Growth
After you launch your business, take the time regularly to evaluate where you are and make changes. If you want your business to grow, you must evaluate, learn and adjust. Schedule quarterly and yearly reporting to determine if your business is on track with your business plan.
Find the Right Support for Your Startup
You don’t have to figure it all out on your own. Contact Alliance Business Coaching for professional support through your business launch. We will work with you to define your business and identify pitfalls before you start.