While the idea of starting a business may be daunting to some, in essence, the process is actually pretty simple when you break it down into smaller parts. In fact, by splitting up the responsibilities, you could create a business during an eight-hour day. Here at My CV Creator, we help people make cover letters so they can succeed in business, so we know a thing or two about how you can start your own company. Here’s how to do it in eight hours.
9:00-10:00 - Come Up With an Idea
Before you can work out all the details of your business plan, you need to know what you are planning to sell and if there is a market for your product. There are many ways you can go about it. Some people do research to see how they can solve a particular customer pain point. Other entrepreneurs keep an ear to the ground for upcoming trends and capitalize on them before anyone else. You can also lean on something that you consider yourself to be an expert on, so if you are good with computers, then you could start a computer repair shop.
10:00-12:00 - Create Your Business Plan
Now that you know what you hope to sell, it is time to sit down and create a detailed
business plan so you have a step-by-step process for now and in the future. Among the various details that should be in this plan, you will at least want to include:
How you will secure your start-up funds
How you will allocate those funds.
How you plan to market your product and to which demographics.
Determine how many employees you will need and how to find them.
How you plan to secure and protect your business.
Have this plan in writing and share it with all business partners so everyone stays on the same page.
12:00-1:00 - Secure Funding
With your plan set in stone, it is now time to secure the funds that you will need to get your business off of the ground. You have many options but your success may depend on your current credit situation. You do have the option to go to a regular bank to request a loan. You can also try to find grants like those offered by the
Small Business Administration. If your credit is less than stellar, then you may have to consider borrowing from friends or starting a crowdfunding campaign.
1:00-2:00 - Create Your Logo
Once you have your funds and your plan, you should take an hour to design a logo that you can put on your marketing materials and corporate documents. While you can create a logo from scratch, if you lack the creative skills, it may be easier to use an
online logo maker. This is a great option because you can either use their tools to select your own text and pictures or you can use their pre-made designs and modify it for your needs. Once you have your logo, start using it immediately to create brand recognition.
3:00-4:00 - Build a Website
Since the COVID-19 pandemic, more people are
shopping online than ever before, so if you want to succeed with a new business then you need a website. Use this space as a platform where you advertise your products and make them available for purchase. Also, create a page where you list customer reviews. This is a great place for potential clients to see that you have a company worth trying.
4:00-5:00 - Find Employees
Now that your business is standing on its own two feet, you might want to bring on at least a couple of employees who can help to manage your inventory, help you to advertise, and assist with customer service tasks. You can hire
temp employees to start just in case the business doesn’t end up working out or you find that you don’t need their help after all. You can find temps at job fairs, on college campuses, or you can advertise with online job boards.
As you can see, it is possible to start a business during the course of an eight-hour day. Now, just imagine what you’ll be able to accomplish tomorrow! If you need help creating your next resume or cover letter, contact
My CV Creator info@mycvcreator.com.
