YOUR BUSINESS PLAN 1-2-3

Summer Weather Greetings!

Summer weather is finally here and since the real-life unemployment rate in Rhode Island is over 20%, I'll bet you've been thinking about finally starting your own business.

You've got a great idea. You think it will work. But everyone says you need to write a business plan first.

I know what you'll say---you don't have time or energy (or time) to write it.

I say---Why wait till you have a business plan written to start developing your business?

The business professors and the SBA people will argue with me about this advice, but most of them (almost ALL of them) have never ever started their own successful business!!

Let's press on!!

Here's a quick and easy way to figure out---in 3 easy steps---if your new business idea has a chance of succeeding without spending any money:

Get an answer to the following three questions:

1- What problem(s) will your business solve?
2- Who needs to have the problem solved (and can pay for the solution)?
[This can be people or a business or a combination of both.]
3- Find three people/businesses that will agree to pay you to solve the
problem you have proposed solving.

Get positive answers to these questions and you will be on your way to having a successful business before you spend any money [or lose any money]. If you can't answer the preceding three questions to your satisfaction, either change your idea, find another problem to solve, or keep looking for buyers.

We'll discuss these strategies and more at our weekly Coffee Conversation meeting at Updike's Coffee Shop in North Kingstown this Thursday morning at 8am.

If you need some ideas or help in the meantime, please call me at 401-667-0971.

See you soon-

Ann Marie