Getting Started with a New or Current Business
Writing a business plan is your most important step and how you and others will measure your business success. A key element within the business plan is the marketing plan, which explains marketing strategies that will be used to advertise and promote the products or services. The goal setting steps of the plan will help you to analyze the success of the business in future years and clearly illustrate the capital needed to operate the company to break-even.
With your business plan in hand, you are ready to go find yourself some capital. Most small businesses have three options for financing: friends & family, investors or bank loans. Each of these options has different considerations for the business.
You’ve got the plan, the money and the enthusiasm; you’re ready, right? Not yet, as with everything you need to take the legal issues into consideration. First you should choose a legal structure: Sole Proprietorship, Partnership, or Corporation. Your financing decisions will have an effect on what legal structure you choose. Now you can file with the state to incorporate and obtain a federal Identification number. Now that your business is through the start-up phase, you can now look forward to the issues of managing and marketing your business.
The hardest part of creating a business plan is getting the energy together to get started. At first it seems like a daunting task.
New Business Plan Template (pdf)
Established Business Plan (pdf)
Non-Profit Business Plan (pdf)
Financing Templates from SCORE
Montana State Resources
Plan a Winning Strategy
Every moneymaking ad campaign started with a well-developed advertising strategy. Use these methods to get your ad campaign on the right track before you even begin advertising your business and its products/services.
Your Marketing Plan
Creating A Plan of Action
Developing Your Start-Up’s Ad Strategy
New Online Business Ad Solutions
Five Keys to Getting Customers
Check out these interactive video workshops that provide you with the know-how to market your business. You’ll discover in-depth solutions with these online workshops from the VISA Business Network.