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CREATING THE PERSONAL PLAN
Examine your motivation for business ownership
Why am I starting a business?
Choose a business based on your skills and interests
Here is a listing of my technical skills:
Here is a listing of my managerial skills:
Here is a listing of the skills it will take to run the business I am thinking about starting:
Here is the part of a construction business in which I am most interested:
Assess your strengths and weaknesses
Which tasks am I strongest at?
Which tasks do I stink at?
This is what it is going to take to sell my product -
Am I willing to do what it takes to sell my product?
Since sales will be the most important task I have to do, do I know how to close a sale?
Establish business goals
What business model have I chosen to use?
What will the business look like next year?
What will the business look like in three years?
What will the business look like in five years?
Establish personal goals
Am I just looking at the business as something to do between times when I am working for someone else?
Do I expect the business to make me wealthy by producing income?
Do I expect the business to make me wealthy by establishing a brand?
Will I sell the business at some point in the future?
Do I expect to build a legacy business that can be passed to my family?
Assess your financial resources
Do I have sufficient money, or can I access sufficient money, to buy the tools and supplies I need?
Do I have sufficient money, or can I access sufficient money, to carry me and my business for at least six months?
Identify your sources of assistance
Where am I going to get information regarding business management?
Have I looked at all the information offered on Builder-Resources.com and Builder-Academy.com?
Have I looked into NAHB (National Association of Homebuilders) resources?
Do I know what the SBA (Small Business Administration) has to offer?
Do I know what SCORE (Service Corps of Retired Executives) has to offer?
Have I checked into business courses at a local college or university?
Have I talked to my local Business Development center?
Would I hire myself to run my construction company?
Send a copy to myself