Author: MBA Pundit

The first step in planning a small business a acquiring a notebook. The notebook will be an important tool in the planning process, helping you to form ideas, take note of ideas and to record ideas so you are accountable for any decisions you make about your upcoming small business. Your notebook can be a…

The first thing you must write into your important notebook is a brief description of your idea and give a description of a problem and write how the product or service of your small business will solve that problem. Keep the Description Simple Your product/service description should be simple. Say your product is a spork…

This is the first brainstorm session for your business. When you brainstorm don’t shoot down and criticize any ideas you have: don’t worry if they are lame or too “different”. Think positively and jot down any idea that comes to mind. Don’t forget to record these brainstorming sessions inside your notebook. The first brainstorm is…

When you go about starting a small business it is wise to carry around a business compendium with you, complete with a notepad with which you will take important notes. If you’ve already got an idea, or a few ideas in your head about the business you will be starting – it would be wise…

This is the final step of poking around in your head before the business planning nitty-gritty (research and development). We are going to write your contract to yourself. It is vital we go through the yards of examining your underlying intentions – examining, confirming and building the psychological foundations for you to survive and grow…