A Powerful Approach for a Practical Business Start-up

February 18th, 2017 Tags: Dexter Montgomery, New Entrepreneur, Pamela Montgomery
Posted in Leaving Your 9-5 Job, Podcasts

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A Powerful Approach for A Practical Business Start-up

A Powerful Approach for a Practical Business Start-up

A powerful approach for a practical business start-up begins with brainstorming a few crucial questions that will launch your business on a solid foundation with a sound business plan.  This episode of My Biz Dream Team:  Opportunity Wednesday Training Series, discusses this powerful approach for a practical business start-up.

Begin brainstorming by asking yourself these key questions:

Are you building quality into your business set-up?

Sometimes it is easy as a new entrepreneur to justify using free products and services because, “I am just beginning.” But it is a trap for the unwary. You may very well find yourself caught in a mess of disorganization and chaos because you choose the cheapest option available. If you want a business that will survive and grow, begin by building quality into the DNA of the business. Make sure that you have a presence on the internet that you own and control. Yes, that means buying a domain name and paying for hosting. They money that you spend up front will be well worth it over time.

If you want a business that will survive and grow, begin by building quality into the DNA of the business. #entrepreneurship

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How will you attract your ideal client?

As you brainstorm about the business that you will launch, carefully consider: (1) who is your ideal client and (2) how will you attract your ideal client.  Are your clients located in your local community, globally, online or off-line?

It is necessary to go beyond demographics and to think about the psychographics of the clients you want to buy your goods and services. What kinds of problems do they have? How can you help them solve those problems? When pondering these questions, think about what your ideal client is looking for help with. Then consider how you can teach her or do a task for her.

You need to also consider the kind of learner she is. Is she a kinesthetic, visual, or oral learner? You may need a mix of learning modalities to reach your ideal client.

What is the perfect business model for you?

After considering your entrepreneurial personality type, think about the type of business model that works best for you. Do you want to deal one-on-one with clients on a daily business?  Do you prefer to work with clients in a group setting?  Will you provide clients with products and services that they can use without your direct involvement? If you plan to be a coach or consultant of any kind, you may want to consider a combination of

(1) one-on-one consulting;

(2) special VIP events; and

(3) information products that produce passive income. 

You may find that too much of one type of product or services may overtax your abilities to provide high-quality.

Conclusion/Call to Action

This article has presented you with a powerful approach for a practical business start-up that will result in you launching your business on a solid foundation with a sound business plan. So are you ready to leave your 9-5 job?  

Remember to brainstorm the following ideas:

• How will you attract your ideal client?
• Are you building quality into your business start-up?
• What is the perfect business model for you?

Leave us a comment to let us know if we can help you with your business startup. 

Pamela Montgomery

I am Pamela Montgomery, attorney, author, speaker, and entrepreneur who helps you create the life of your dreams as you achieve uncommon results in your business and in your life! 

Also published on Medium.