Regardless of whether you’re an established business owner or a budding entrepreneur, taking your idea from the concept stage to a fully explored vision is the first step in creating a new business. Luckily, there is a tried and true process for doing it.
Establish the Mental Image
If everything were to go exactly as planned, what is it that you want to accomplish? This is the time to think as big as your dreams will let you go. Consider the difference you hope to make in the lives of your future customers. What is most important for your future business and what really matters to you? This will all guide how you establish and develop your company.
Develop Key Action Steps
What would it take to achieve that mental image? Your action steps are the large-scale goals, objectives, or targets. List out the targets you would need to achieve in order to develop the business you envision.
What stands in the way of achieving your vision? By identifying the roadblocks in front of you, you are able to make a plan for overcoming them and can develop your business plan in a strategic way, so as to minimize the obstacles that will inevitably pop up. This step isn’t intended to bog you down with negativity; it will instead empower you with knowledge and a plan.
How will your life, your customers’ lives, and your employees’ lives be improved by your vision? By considering all of the benefits of your potential business, you are able to “keep you eye on the prize” so-to-speak. Perhaps more importantly, this also gives you the opportunity to weigh the benefits with the challenges, so you’re sure you are making the best decision for your unique situation.
What do you need to do to achieve your key action steps? Every successful entrepreneur sets goals for him or herself, and treats those goals as commitments. Throughout the development of your business, keep yourself accountable to your goals.
Generate an Action Plan
What are the actions you need to take to achieve each goal? Your action plan lays out each step you need to take in order to move forward. It becomes your business to-do list or your step-by-step playbook. Each step should be clearly defined and should include deadlines.
Taking your idea from a rough concept to an achievable vision is essential for becoming a successful entrepreneur. The team at FocalPoint Business Coaching of New Jersey specializes in helping entrepreneurs develop a strategic plan for success. It all starts with a free 30-minute consultation.
It all starts with a conversation. Learn what FocalPoint Business Coaching of New Jersey can do for you during a free 30-minute consultation.