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WHERE ARE YOU TODAY?
(Breaking Down Activities For Starters)
🚀 Do you have an idea for a product?
🚀Do you protect your product?
🚀Do you plan the business around the idea or product?
🚀Do you need to pay your advisors for their consultation?
🚀Do you need to build a prototype?
🚀Do you need to find your source of goods, your suppliers?
🚀Can you negotiate payment terms with your suppliers?
🚀Do you need an office? A warehouse? A vehicle?
🚀What kind of office supplies do you need?
🚀What kind of office equipment do you need? Computers? Copiers?
🚀How long will it take it for you to produce your goods?
🚀How many employees will you need, at what pay levels, at what stage of development?
🚀How much salary do you and your team require during the initial stage of the business?
🚀How much money will you need, and when will you need it, to produce the goods?
🚀How will you package your product?
🚀How much will it cost?
🚀How will you promote your product?
🚀Will you create a website?
🚀Do you have credit-card-processing set up for your customer orders?
🚀How much will your marketing materials cost?
🚀Where will you store your inventory?
🚀How much will it cost to get the inventory to your warehouse?
🚀How long is the production cycle to replenish your inventory?
🚀How will you take orders?
🚀How will you ship orders?
🚀What types of insurance do you need? How much will the insurance cost?
🚀How will you process returns of your product?
🚀How will you handle customer service related to your products?
🚀If you have debt, how much interest or debt service will you owe?
🚀How many production cycles will you go through before you start seeing collections on your sales cycles?
Sharon L. Lechter