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Do you want to start your own business, but aren't sure what kind of business to start?Maybe you're tired of working for a boss who makes every workday stressful.
- Jonathan Gass, Nomad Financial You must find the essential core of your idea and tell that story.
What makes you special, what makes this idea work, and what your unique insights are.
It's too easy to sit in front of a computer and tweak your website or business plan while trying to make it perfect.
The only way to know if it's good is to speak with real or potential customers. - Brian Samson, True North When I'm brainstorming business ideas, the first thing I do is draw out a mind map.
When times get tough, you'll want to look back and be reminded of this.
- Fan Bi, Menswear Reviewed Starting lean is great.
Knowing how others have managed creating a solid plan is remarkably helpful.
Even if you don't follow their steps exactly, you still get a much better sense of the framework you need, as well as a look at any potentially unseen issues ahead.
To help get you going, we asked 13 entrepreneurs from YEC to weigh in on the most effective processes to use to craft a solid business plan and why these methods work.
Here's what they said: Although it sounds harsh, I'd advise newer entrepreneurs to sell at least one unit of their product or service before making a business plan, preferably more.