The Ultimate Guide For Your First 12 Months of Business

Feb 26, 2020

The Ultimate Guide For Your First 12 Months of Business

Here’s a little experiment to try the next time you’re in a group setting. It won’t matter if it’s a family gathering or a bowling night with friends, the results will likely be similar. Simply ask each person if they have a business idea. Without fail, the majority will reveal they indeed have an idea they think would be a hit. Perhaps it’s a restaurant, retail shop, or a technological solution. Whatever the industry, the fact is that most people have business ideas they dream about launching someday. And most of those people will never take action.

“The biggest struggle for most would-be entrepreneurs is taking that first leap,” explains entrepreneurial expert Alejandro Cremades. “It may be quitting a job, putting up a website, entering a startup accelerator program, approaching someone with your first pitch, or just announcing your venture to the world and family and committing the dollars and credit you have. This normally comes after a fair amount of brainstorming and planning. That can be a time when your mind frequently plays tricks on you. Fear and doubt creep. You can make plenty of excuses.”

This guide is intended for the courageous souls who have decided to take the risks necessary to build a business—those who want nothing more than to take their ideas from the drawing board to the board room. If you fall into this camp, your bravery is commendable. You have a challenging and thrilling journey ahead.

For the sake of clarity, the various tasks and strategies described in this guide have been outlined chronologically. This is not to say that every business will follow the same pattern. Rather, view this timeline as general recommendations that can be adapted to your unique situation.

About the Author

Grant Olsen

Grant Olsen

Grant Olsen is a writer specializing in small business loans, leadership skills, and growth strategies. He is a contributing writer for KSL 5 TV, where his articles have generated more than 6 million page views, and has been featured on FitSmallBusiness.com and ModernHealthcare.com. Grant is also the author of the book "Rhino Trouble." He has a B.A. in English from Brigham Young University.

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