Run through this check list and see if you are doing the right thing when you start your company:
This checklist is prepared for both existing
entrepreneurs or going to be entrepreneurs. For the start-up entrepreneurs, the
checklist will guide you to ensure you are doing the right things when you
start your venture. It will help you avoid countless mistakes that typical new
entrepreneurs will do. The mistakes can set you back for many years. For some
entrepreneurs the mistakes actually killed their venture. This checklist will help you to identify the
mistakes and help you to move forward correctly.
For those entrepreneurs that already run their
business, you may have encounter some of the mistakes. You may have corrected
your mistakes. The checklist will help you to identify other areas that you may
want to look at. It will help you identify certain weaknesses and will help you
push your venture to a higher level.
No matter of you are just starting or you are
already an entrepreneur, the check list will be very valuable.
It will just take a few minutes of your time
yet it will help you build your bright future.
to build successful business:
Have you written down your Definite Chief Aim? Will it help to guide you during difficult
times? Is it strong enough to pull you through?
Have you identified your product Unique Value Proposition? How strong is
the value proposition? Will customer pay for it?
Have you identified your target market? Who are they? Why wold they need
you studied your competitors? What are their strength? What are their weakness?
What area you can win?
you done your research on your market size? How big is it? Where is your niche?
you done your study on what is the things that have changed that will allow you
to win in the market? It could be technology or others.
you build your marketing team to create business leads? Do you have a strategy
to get leads? No leads, no sales.
you trained your sales staff on successful sales techniques? How to set up
meeting. How to do sales presentation. How to close sales.
you identified your target customer or target person in your leads generation?
Who is having the headache in that organisation?
you have internet marketing plan? It could be using Facebook, or Google. What
is your process?. What are the keywords, landing pages?
you set up your budget for the internet marketing? It could be using Facebook
or Google. Is it sufficient? Do you know how to do it?
you have a strategy to develop your Distributor network? Do you have training
strategy? Is your commission competitive? Do you have tools to manage them efficiently?
you have KPI for your sales staff? What are they? Do you have the tools to
manage your sales team efficiently? Can your sales people get access to
required sales data instantly while travelling?
you have a system to help you manage your operation effectively?
Do you have detailed
report? Do you have standard process? Is your business organised well? Can your
company run smoothly when you are not in the office even for weeks?
you get access to your company data efficiently? Can you get it from anywhere
you are? Can you get data fast?
you use integrated system to manage your company operation? Is your sales
integrated to inventory, to account? Are you efficient?
your accounting system giving you the reports that you want? Can you get access
to it anytime you want? Can you see the detailed reports? Can you see company
Dashboard? Can you see financial ratio trends?
your payroll system gives you the efficiency you want? Is it saving you a lot
of time? Is it making your payroll team more efficient?
If you have many NO’s in the checklist, it is
good for you to review your business strategy and activities in your effort to
build a successful and growing business. Review your weakness and correct them.
Review your result and fine tune as you learn more.
You can also download our full workbook on building
a successful business in our eBook called “Start-up
to Million Dollar Venture” by clicking here.
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