Assuming that you have been approved for a loan and the funds has been provided to help you start your business, what are the detailed steps to getting started? Do you need a storefront? Have you picked out the location? Does it need to be built or renovated? Will you need to sign a contract for the store? How much will you need to put down when you sign the contract? Do you need to buy equipment? Where will you buy the equipment and will you have to wait for delivery? How long? What about your initial stock of product or materials? When will you order them and when will you get them? When will you start advertising? These are just some of the questions that you need to ask yourself and have accurate answers to.
Assignment 15.1. List below all the steps you need to take to get your business started. Start with the step that will take the longest and that you can start as soon as you are approved or the money is available. List in each step, how long the step will take in weeks, also in the comments area indicate any special concerns or limitations.
Time line steps in order to start the business
|
Steps |
Time in weeks |
Comments |
|
1. |
|
|
|
2. |
|
|
|
3. |
|
|
|
4. |
|
|
|
5. |
|
|
|
6. |
|
|
|
7. |
|
|
|
8. |
|
|
|
9. |
|
|
|
10. |
|
|
|
Etc. |
|
|
Congratulations you have completed the last chapter in this study. I hope you have found the material helpful whether or not you are funded through this program to start your business idea. As in the other chapters we will be in touch with you for further clarification of any of the exercises that need clarifying.
Here is a benediction from Numbers 6:24-26. “The LORD bless you and keep you; The LORD make His face shine upon you, And be gracious to you; The LORD lift up His countenance upon you, And give you peace.”
Click here to return to the Table of Contents or if you would like to continue Click here to go to Appendix A