7 steps to successfully starting a business
1) 7 Steps to S.U.C.C.E.S.S.
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From the Business Victory Club:
I would like to share some bits of information that I found insightful and would like to share with my readers. I will use these when I start another business.
And, since I’ve gone through various stages of starting 2 different businesses… I am still trying to master them and process the details. Each business takes a different angle, but they all pretty much follow the same process.
I am sharing the 7 steps - 7 processes to follow that give the best assurance of success. Then I noticed that the word success has 7 letters.
Coincidence?
I hope not. So, I came up with the acronym: S.U.C.C.E.S.S.
1. S - Select a proven market
2. U - Uncover market needs/desires (Market Research)
3. C - Create your USP (Unique Selling Proposition)
4. C - Construct a simple business plan
5. E - Establish consistent effective marketing
6. S - Split-test, adapt, and improve
7. S - Secure funding, if needed
This set of steps has served me well over the years. It serves me well now!
If you want to build a successful business, not a single one of these steps can be ignored. Just follow the 7 Steps to S.U.C.C.E.S.S., in order, and you can’t go wrong…
IMPORTANT: The S.U.C.C.E.S.S. methodology of starting a business is
NOT for those with access to large sums of money up front. I’ve
never had that luxury when starting a business… Maybe it makes me
less of an entrepreneur, but if I was given $100K up-front to start
a business, I wouldn’t know what to do with it…
It is also not for those that require a large sum of money to get
started, like bio-tech, or manufacturing. However, I do find that
most businesses can be started in some capacity without funding
up-front (even if it’s not in the way you originally thought).
