-The First Step
How to Instantly Know How Much Money you'll Need to Start Your Own Business.
*Instantly know how much you'll need to start up your business...
*Find out how much you'll need to sell in order to make $25,000, $35,000, $50,000 or $100,000 salary ...
*... then work out, in a few more minutes a QUICK expense estimate business plan that will tell you what your sales, expenses and cash flow will be.
* * * * * * * * * * * * * * * *
You've been thinking about starting your own business but don't know where to begin. Well, the very first step is to know how much money it will take, by working out a simple business plan.
"But", you say, "I wouldn't have a clue where to begin to do that".
Have you ever wished you could QUICKLY know how to figure this out without spending strenuous hours of research and calculations or having to pay someone to do a business plan for you?
Well, now you can get an INSTANT picture. And after you know this little trick, you'll be able to think it through INSTANTLY whenever you look at a possible venture you might want to consider.
You may even think that you don't have the money -- but, remember what they say? If you don't have the money, you can raise the money.
"But", you say, "to raise the money, I need to put a financial business plan together".
That's where this e-book expands even further from this INSTANT Nano-plan(c) revelation to a QUICK Mini-plan(c) overview that will show you what your initial sales, expenses and cash flow will be.
Hi...This is Diane Hoffmann, author of "Business Plan 101 - The First Step" to Starting Your Own Business - How to Instantly Know How Much Money You'll Need to START Your Own Business...
One of the reasons to avoid doing a business plan, is that many folks are uneasy by the prospect of such a laborious undertaking -- we are used to seeing lots of work sandwiched into big binders that represent business plans.
But you don't have to go to that extent at the very beginning. You just need to satisfy yourself (before doing a big plan to satisfy bankers or investors), to see if YOU feel comfortable starting a business. From that initial stage you can go to the next step and expand it into full presentation format.
That is why I put together a series of steps that will lead you through the process of a financial business plan.
The first step, "Business Plan 101", deals with finding out:
1) first of all, right now, this instant, if a business idea is feasible.
2) then how much sales do I need in order to pay myself a salary of $25,000, $35,000, $50,000, more?
3) what will I need to sell in order to achieve that figure?
4) with that information, do I quit my day job? If I am out of work, do I get a job and build this up evenings and week-ends?
5) and if so, how long will it take me to get to that figure?
Why did I write this in easy steps?
I've written a few books and I am now making a lot of my existing material available into easy to follow e-books for the convenience of busy people like yourself who want to take advantage of today's internet access.
I give seminars on starting and operating a business and it is amazing how most people who come to the seminars have no idea what it'll take to get into business or how to even get a quick vision of it.
Because they can't "see" how much money it would take, many who don't go to a seminar give up believing that it could be possible to start a business -- before they even look into it far enough to open the window of opportunities.
Or else, they think a few sales will be enough to start and carry on business only to find out later that the sales didn't even cover expenses - let alone a salary!
True story
I'll never forget an acquaintance of mine some years ago, who was a metal fabricator, and who wanted to start his own business. He was working for a company at the time and told me that he had a customer who would give him $100,000 in business right off the bat. And he represents thousands others who have the same view of business start-up.
With this in mind, he actually did go ahead with his idea, and three years later, he was in trouble. He had operated "by the seat of his pants" without a business plan or "a picture" of the key figures needed in business, and bit by bit he had financed his house to cover increasing expenses to the point where he no longer had borrowing power and had to get a job again.
Provide a salary
A lot of people also do not see and understand how even their own salary must be provided for in the vision of a business plan. They just think of the "self-employment" and the "sales" they'll be "automatically" getting, and assume they'll be able to live on it.
And it doesn't matter what kind of business it is -- whether it is ONline or OFFline -- this works for any type of small business start-up. It works on basic figures that you can expect a business to make no matter what product or service it provides.
How much money do you need to live? You need to pay for your shelter, food and necessary expenses. If you're single, you may get by with $25-30,000 to start. If you're supporting a family you'll need more!
For now, let's say that you want to make $50,000.
INSTANT Nano-plan(c)
I'm going to let you in on a little trick to figure out INSTANTLY how much a business will need in sales to cover its operating expenses and to provide a $50,000 salary.
And I mean in a few minutes, you'll get an INSTANT picture -- a Nano-plan(c) -- that will give you the key figure players.
After you know this little trick -- as I already said at the beginning of this letter -- you'll be able to think it through INSTANTLY at the top of your head, wherever you are, without any spreadsheet program or even a calculator, as you consider a possible small venture.
QUICK Mini-plan(c)
And this e-book does not stop here. It delivers this instant knowledge right up front, but it also goes further, because, once you see this instant picture, you'll want to go beyond these revealing figures and see them in expanded details.
In another few minutes, in just a couple more easy steps, with samples of spreadsheets to look at, the e-book expands this INSTANT Nano-plan(c) into a QUICK Mini-plan(c) that will show you the sales, expenses and cash flow in further revealing details. You don't have to work at it for days. You'll have all that information in one or two evenings.
In that e-book that will be sent to you in PDF file you will see samples of the Excel worksheets showing figures, which you can use to set-up your own spreadsheet and then fill-in your own figures to come up with your own financial picture.
You'll be amazed at the information you'll get from this.
From that point, you'll be able to play around with various combination of sales and expenses to come up with different salary and cash flow scenarios, until you find what's feasible for you.
You'll be able to take a look at real figures as you insert your own, and make informed decisions as to what best key figure combination your business will need to get started and to operate successfully.
Here's what you're getting in the "Business Plan 101"
- The First Step" e-book:
1. The e-book with the study guidelines,
2. Samples of Excel worksheets for explanation and for setting-up your own,
3. the INSTANT Nano-plan(c) that will tell you what a business will need to give you the salary you want,
4. a further how-to expansion into the QUICK Mini-plan(c) that will show you what you'll need to get started,
5. the greater details of the sales, expenses and cash flow needed for your business start-up.
New link coming soon...
Sincerely yours,
Diane M. Hoffmann
Hoffmann-Rondeau Communications
Business Plan 101 - The First Step
