Starting a business is a complex and risky undertaking. If you have not done it before, the question “How do you start a business?” can be daunting and it can be difficult to know where to start. This part of my blog aims to help you find out how to start a business. To kick start this process I have written a post discussing the importance of understanding the business lifecycle.
You need to ask yourself some key questions first:
- Why start a business?
- Which business to start?
- Where to start a business?
- Where do I get business ideas from?
- Should I start up a business or buy one?
- Should I start a company?
I have set out below the Six Minute Strategist Guide on How to Start a business. If there is a link attached I have written a more expansive post on it. If not, then I will in future.
The Six Component Parts to Starting a Business can be summarised as:
1. Strategy and Objectives: I have written a two part blog post on this subject. You can find Part 1 here and Part 2 here.
2. Market Analysis
I posted a discussion highlighting “Six Major Technology Trends to Watch“.
3. Business Planning
In an Eye Piece I reviewed excellent book on business planning entitled Business Model Generation, which is an excellent place to start if you are planning a start up.
4. Funding
5. Team
6. Execution
I wrote a piece discussing “Why do Startups fail?” which might be helpful.
I have covered some of these in a blog Post – How to turn your GREAT IDEA into a BUSINESS. I also posted this as a Six Minute Strategist Pencast if you would like to listen to a brief presentation.
This section aims to work through Start Up issues and challenges while maintaining the Six Minute Strategist Framework to ensure that the process is structured and coherent.
The 2008 Financial Crisis
I wrote a series of posts about the 2008 Financial Crisis, which forms an economic backdrop to current market conditions. I thought it would be helpful to flag it up here as it is important background information for an enterpreneur. It was in six parts links to which are provided below:
The 2008 Financial Crisis: History in the Making? – A Six Minute Strategist Guide Part 1
The 2008 Financial Crisis – A Dance to the Death? – A Six Minute Strategist Guide Part 2
The 2008 Financial Crisis – A Spiral of Complexity – A Six Minute Strategist Guide Part 3
The 2008 Financial Crisis – Risk? what Risk? – A Six Minute Strategist Guide Part 4
The 2008 Financial Crisis – Scapegoats Please Step Forward? A Six Minute Strategist Guide Part 5
The 2008 Financial Crisis – Will we EVER learn? – A Six Minute Strategist Guide Part 6
Six Minute Strategist Guide to the 2008 Financial Crisis – Update
Please be patient with me as I build up these sections. If there is a specific topic you would like to cover please email me at jbdcolley[at]aol[dot]com. Thank you
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