Set a New Goal: To Start My Own Business


This "To Start My Own Business" Goalplan is one of our pre-made Goalplans, pre-loaded with common obstacles, tasks, and due dates. "Notes" contain helpful tips, instructions, and links to resources that can help you accomplish your goal to start your own business.

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"To Start My Own Business" Goalplan Description:
Starting a new business takes time, energy, and motivation. It also requires a great deal of planning. To be successful you need to evaluate your skills and abilities and understand your personal goals. You then need to develop a solid business plan and get the necessary funding. Although it requires a great deal of planning and work, owning your own business can be an extremely satisfying and rewarding experience.

The target completion for this Goalplan is 6 months.


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Obstacle:

I don't know what kind of business to start.

Task: Determine what skills you have and the type of activities you enjoy

Notes
Task: Talk with friends and associates about starting a new business

Notes
Task: Read a magazine for small business owners

Notes
Task: Attend a business trade show or exposition

Notes
Task: Read a book about business ideas

Notes
Task: Research existing businesses that are for sale

Notes
Obstacle:

I don't know what the requirements are for starting a new business.

Write a business plan
Notes
Task: Decide the best organization structure for your business

Notes
Task: Understand the tax implications for starting a new business

Notes
Task: Determine the type of insurance coverage you will need to start a new business

Notes
Task: Identify the types of licenses you will need to start a new business

Notes
Task: Hire an accountant

Notes
Task: Consider hiring an attorney

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Task: Consider the personal implications of starting a business

Notes
Obstacle:

I don't have the money to start my own business.

Borrow money from friends or family
Notes
Get a small business loan
Notes
Find an angel or venture capital investor
Notes
Get a commercial loan
Notes
Get a home equity loan
Notes
Obstacle:

I don't have time; I have a full-time job.

Task: Budget your time

Notes
Task: Give up something in your life

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Task: Find a business partner

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Start your new business
Notes
Obstacle:

I don't have a support system.

Task: Contact the Small Business Association in your area

Notes
Task: Search the Web for small business resource centers

Notes
 

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