Startup Strategy: The Art of The Start for Solopreneurs, Even if You Already Started…
By Ric Thompson
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About this ebook
In “Startup Strategy: The Art of The Start for Solopreneurs, Even if You Already Started…” Bestselling author Ric Thompson gives you the tools and step-by-step systems you need to create a solid business strategy and then use that strategy to start and manage your business successfully. Within these pages, you will learn the importance of donning your CEO hat and how to work ON your business rather than only working IN your business.
With the information you learn, you will position yourself to take the critical steps that will help you ensure that your business is as strong and profitable as possible! Being an entrepreneur isn’t easy. But by taking these steps and developing a sound business strategy, you’re ensuring a stronger business and a better life for you and your family.
Most entrepreneurs and solopreneurs don’t have any formal business training (which is often a benefit), but they do need to understand the basic components of a business strategy, how to set business goals, and the tools they can use to build they businesses strong.
After reading this book you will understand the different between business expectations and business goals and the importance of measuring success for both of them.
You’ll also learn:
• What a business strategy is and why it is important, more importantly how NOT having a strategy is a recipe for disaster
• The difference between working ON your business and working IN it, this is much more than an eMyth concept
• Why you need to set aside time to wear your CEO hat, and why it’s probably the most important “hat” you have
• The different business models you can select from, this is huge!
• How to determine competitive advantage, it’s not as hard as it sounds
• The common components of a business plan, a FUNCTIONAL one, not the 25-page 200-hours-to-produce kind you need for venture capitalists
• What kind of financing options are available for small businesses, and how to use them properly
If you are ready to build the business of your dreams, or even if you’ve already started, and enjoy the success you know you can achieve, starting with a sound strategy is the first step on the way to making that goal a reality.
From learning how to produce a SWOT Analysis to walking you through the first draft of your business plan, this book gives you immediately applicable information that you can use today to make a difference in your business and your life.
Scroll up now and get your copy of “Startup Strategy: The Art of The Start for Solopreneurs, Even if You Already Started…”
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Reviews for Startup Strategy
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- Rating: 1 out of 5 stars1/5weak content. it is for beginners. Material is good for uninitiated readers.
Book preview
Startup Strategy - Ric Thompson
Introduction
I want to thank you and congratulate you for downloading "Startup Strategy, The Art of The Start for Solopreneurs, Even if You Already Started."
This book provides everything you need to understand the importance of developing a business strategy and how you can use that strategy to start and manage your business successfully.
After reading this guide, you will understand the basic components of a business strategy, how to set business goals, and the tools you can use to help you build your business. You will understand the difference between business expectations and business goals, and the importance of measuring success for both of them.
If you are ready to build the business of your dreams and seek out the success you know you can achieve, starting with a sound strategy is the first step on the way to making that goal a reality. From learning how to produce a SWOT Analysis to walking you through the first draft of your business plan, this guide gives you immediately applicable information that you can use today to make a difference in your business and your life.
With the help of Startup Strategy, The Art of The Start for Solopreneurs, Even if You Already Started, you’re on your way to achieving just about anything you can imagine. Thanks again for downloading, I hope you enjoy it!
Ric Thompson
What is a Business Strategy?
Running your own business takes a desire to succeed. It takes having a dream. It also takes much more than that. While it would be nice to simply have a dream and have it come true, running your own business successfully takes having a business strategy.
While still in high school, Bill Gates had a passion for writing code and programming computers. He also had a dream. He wanted to see programmers receive compensation for their skills. He wanted them to be able to charge for their work and efforts. Microsoft didn’t come into existence simply because Gates had a dream. He also had a strategy.
Bill Gates wrote a letter in 1976 to hobby programmers saying that MITS, the company he’d partnered with, could not continue to produce, distribute, and maintain high-quality software without payment. It was the first step of his strategy which led to the foundation of today’s Microsoft, their mission statement, and their success. Today, Microsoft is still described as a developer centric
business. Developers and programmers are highly recruited and highly compensated.
His strategy was obviously a success.
What does it take to start and run a successful business?
Strategy!
A business strategy encompasses a myriad of topics, including everything from how you form your company, whether you are a sole proprietorship or a corporation, to how you charge your customers, and even how you position yourself in your market.
Your business strategy is how, why, where, and with whom you do business. How you deliver your product or service and even how you assess your business. For example, do you review your profits and losses each month, quarter, or at the end of the year? Your business plan addresses how you obtain financing, whom you partner with and how, and who operates your business and handles tasks.
A business strategy begins with an idea ...
...and ends with your exit strategy. Your exit strategy isn’t as simple as selling your company, although it can be. You can put your company on the public market – an IPO. You can negotiate an acquisition, you can liquidate it, and you can shut it down. Strategy is your business from start to finish. How it’s going to get up and running, how it’s going to be successful, and how you’re going to exit the business when you’re done.