Everyone has a dream. Those who follow that dream are sure to plant the seeds of success along the way. For the business-minded entrepreneur who wants nothing more than to lead an operation of his or her own, Todd Katz Quest Integrity says go for it. It doesn’t matter if you’re flush with cash or going to have to pinch pennies at first, launching a successful business of any kind is possible if you thoroughly plan first. Below, we’ve gathered some of the best advice for prospective entrepreneurs everywhere who are bound to benefit from proper planning and effective execution.
– Those who fail to plan: You know the other half of the old saying… they plan to fail. If you’ve got a marketable idea, take a look around and make sure it hasn’t been capitalized upon already. Is a large sector of the general public, or at least those in the area where you’d like to make your mark, going to benefit from your service? If so, Todd Katz — whose own business experience includes leading a start-up to national-level success — says it’s time to move to the next phase of planning.
– Money matters: Once you’ve created a list of expected expenditures and a budget, it’s time to look around for a source of funding. Are you going to take out loans? Use your credit card to finance the project? Find investors to help you along? These are just a few of the fiscal options those about to strike out on their own in the world of business management must consider before truly being viable. Those who have overseen business footprint growth and employee hiring — such as Todd Katz, formerly of Todd Katz of Quest Integrity — know that neither of those prospects are possible without having the money to cover the costs.
– The little things: Once you’re up and running, it’s important to devote as much as you can to your new venture. Some industry experts suggest hiring a copywriter or doing all the blogging yourself to spread the word about your new business. It’s also important to deliver on every promise your business makes during these months. You know what they say about first impressions; well customers won’t be coming back if their first experience with your company isn’t a pleasant one.