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The number of Entrepreneur's that begin their journey increases
each year.
Some of these adventurous spirits have done their homework; however , most of these
Entrepreneur's jump head first into the journey with no detailed plan.
The folks with no plan will soon discover that starting a business requires a lot hard work
and planning.
Entrepreneur's possess decision making abilities, problem solving skills, and have
persistence.
You may have the right stuff for being an entrepreneur if you can explore innovative ways
to respond to opportunities and can tenaciously pursue goals regardless of the energy
required.
An entrepreneur's abilities allow you to believe in your own ideas and develop the
experience necessary to learn the skills needed to be successful.
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Part of being an entrepreneur is deciding if your business is the right choice and provide a
valuable service.
Is your product or service is compatible with existing beliefs, attitudes and buying habits
of customers?
The product or service has an identifiable advantage over competitive sources and the
advantage is of significant relevance to the customer.
Once you have identified your product or service, you will need to create a checklist for
your start-up, get familiar with the regulations and requirements.
Remember...all great entrepreneur's learn how to write a business plan. Be sure to include
what you are going to do, who you are, where you are going, and how your are going to get
there.
Also include:
Title Page
Table of Contents
Mission Statement
Executive Summary
Industry Status
Target Market/Customer Base
Marketing Plan
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Production and Operations Plan
Insurance
Management Plan
Financial Plan
Attached Exhibits
Entrepreneur's know that the leading cause of failure for small businesses is due to lack of
capital.
It is critical that you understand what the Start-Up cost and monthly expenses will be.
Best of luck to you on this exciting adventure you are about to take....
and remember --
If you cannot do great things, do small things in a great way. –
Napoleon Hill
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http://www.newpa.com/webfm_send/1439
Entrepreneur's Guide To Starting and Growing a Business
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