Taking the leap of faith to start your own business is difficult enough. According to the SBA, in 2008 an estimated 627,200 businesses opened. On the flip side, an estimated 595,600 closed their doors. While many factors contribute to the decision for a business to open or close, prioritizing the following three items will get you headed in the right direction when you start your own business.
- Business Plan – The most important part when you start your own business is developing your business plan. A business plan forces you to consider all foreseeable areas of your company and address issues before they occur. It helps you to diagram the operations, research your competition, plan your marketing strategy, and understand how you will make money. It is the most critical part of your business, it will grow and expand as your business grows and expands. A business plan should be developed before you ever start your…
Welcome to the Green Giants Blog! We hope you will find our posts about sustainable start up ventures and the environment valuable and thought provoking.
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As our first post on our new website, we want to spell out exactly what we mean by sustainability. Sustainability means lots of things to lots of people. The coolest definition we’ve heard is: “Being sustainable means you provide the best outcomes for the human and natural environments both now and into the indefinite future.” With regards to the triple bottom line, first postulated by John Elkington in ’94, the most important factor is economic. If your business is not economically sustainable, then you won’t be around to do much good for very long. So the first thing you, as a business owner, need to worry about is getting or keeping your business profitable.
And the resources out there to support your start up are abundant. Most mid-size cities…
