How to start Strong

#1 Plan your Financials first

If you run out of money, your business dies. If you use financial wisdom and smart business organization, your business succeeds. Make a budget, and spend within your budget. Then, second, make a business plan that pays you what you want to make and markets well. If you want to learn more, checkout our FREE Business Starting Guide.

#2 Calculate Overhead costs

You need to know how much it will cost to run your business. To do this, you’ll make a business budget. Your budget should include utilities, rent, products, supplies, and materials, subscriptions and online tools, marketing costs, ect. Keep your business budget’s total low initially. For example, if you’re starting a marketing business, start from home using your own computer, or if you can’t afford one, go to the library. If you’re starting a construction business, rent a backhoe instead of buying one initially. The goal is to work within your budget.

#3 Know How Long It will take for your business to be self-supporting

Before you start your business, you’ll need to know how much to have saved to carry you through until your business can support itself and give you an income. This means forming a personal budget and cutting costs. You’ll need more than you think saved up, so think of what you could do to save. Can you cut the Netflix subscription for a while, or eat at home more? We can help you calculate the time it will take for your business to make self-supporting money. You can also checkout this video.