small business preparation openbusinesscouncil

small business preparation openbusinesscouncil

100 Days – SME or Startup Checklist For A New Business

Having a breakthrough in the first 100 days of starting a business is a miracle. Many people aren’t aware with the steps to adopt when starting a business, and they end up giving it up from the very beginning without achieving something. It’s important to know that starting a business can present a number of challenges in the first few months, it may be a headache for your business to get enough capital to start with, it can also present some challenges for the business to get noticed across your target customers. These are common challenges you are likely to face in 100 days of launching your start-up. However, there is always a solution to every challenge and what we have here are tips or checklist that you can use to achieve success in the first 100 days of your start-up. Find out how, below.

Start-Up Checklist From Day 1 – Day 25 

  • Develop the idea of what you’re going to offer

First and foremost, for you to even start thinking about business, you need to define your business goals and know exactly what you’re going to offer to target customer. This forms the basis or yardstick for the success of the business.

  • Seek for expert opinion and advises

They said “experience is the best teacher,” sure, there’s something very important you need when starting a business, that thing is nothing other than knowledge. Talk to business owners, peers, and people that you know you can trust, about your plans. Ask them for advises and how to go about it. Sure, you will get some help.

  • Draw a good business plan

Having a business plan can help put your business in the right direction. Think about all the things you know can help thrive your business to another level and put them down in a document so that it will serve as a guideline to your day-to-day activities.

  • Consider co-founder

If there’s an opportunity for a genuine offer with some business owners, do not feel reluctant about that. Give it a try and you may find a reason to smile after.

  • Don’t quit the business until you have to

Starting a business may be challenging and can cause heartache. If you’re experiencing things like that, try to be persistence and keep the momentum going, you will surely get the key. However, if you’ve noticed that there is zero chance of success, you can humbly quit.

  • Consider joining the online community

The social media platform is where you can have the chance to make your products known across large target market. If possible, build a website and do not hesitate to join as many social media platform as you can, and then use that opportunity to market your products without hassles.

Start-Up Checklist From Day 26 – Day 50

  • Consider raising investment or look for business loans

Sometimes, getting enough capital to enable build your business can be challenging. The best way to source fund for your start-up is through business loans. You can contact your bank for more details.

  • Register your business with appropriate authority

In order to put your business on the right path, you are advised to register it with an appropriate authority so that you can have their backing and obtained license for smooth running of the business.

  • Get a business bank account and consider all cashflows probabilities

Do not join your personal bank account with your business, there is a tendency you would get tempted and make use of the money. Make sure you be conscious that cashflow is critical.

Start-Up Checklist From Day 51– Day 75

  • Get a companion or business network who knows the ins and outs of the said business

As the saying goes – two hands are better than one, getting a business companion to guide you through in the business is an important step to take for achieving success.

  • Get a record book or accounting software and a CRM system

This is very important, because taking proper account of your business running can help provide solutions for initial hurdles and can make you have the right business budget in the first 100 days.

Start-Up Checklist From Day 76– Day 100

  • Make sure you have something to sale and Be focus

It’s expected that your business has began to take shape by day 76; therefore, try not to be distracted even if things are not working well. Stick to your business plan and persist on hard work, because no one has ever worked hard and fail.

  • Be patience and don’t give up

Nothing good comes easy in life, and so it is with any start-up. The key to every successful business is patience; therefore, you are advised to remain calm, keep going, appreciate what you have and be contented. If you’re able to these, you would discover that sooner or later your business will begin to thrive.