How to Launch Your Brilliant Business Idea in A Single Work Day
Creating a brand-new business in one day? Believe it or not, this is possible. If you need help connecting all the dots, you can get started with this step-by-step guide from SIB Affiliate.
9:00 am – 10:00 am: Narrowing Down Business Ideas
A profitable business model is the first step in launching fast. If you have a well-developed idea in mind already, sketch out what it will look like in practice.
If you don’t have a set concept in mind, consider an online-only model that will allow you to start quickly. Offering a service (something you’re an expert in) is the simplest method of building a company. However, you could also become a reseller for popular products, enter a drop-shipping business model, or open a store centered on something you create.
10:00 am – 10:30 am: Startup Goal Setting
Most people start a business for two major reasons: passion and the need for independence. Decide what your goals are finance-wise as well as how you want your work week to look. Put these goals on paper, and break down the details of what you’ll need to reach them.
10:30 am – 11:30 am: Start Searching for Customers
With a product or service in mind, consider your audience. Depending on the demographic you’re targeting, your marketing plan might involve social media, in-person events, digital or postal mailing lists, and more.
Sketch out a customer avatar to center your marketing efforts on. Then, determine which avenue of marketing offers the best odds of reaching them.
11:30 am – 12: 30 pm Select a Business Structure
As you’re piecing together your business concept, selecting a legal structure makes sense. For example, forming an LLC provides tax advantages and involves less paperwork than alternatives. Each state has distinct requirements, so check the rules in your state. Then, learn how to start an LLC with a formation service to streamline the process. This can take some time, but getting started now means you can break for lunch feeling accomplished!
1:30 pm – 2:00 pm Open a Business Bank Account
Opening a dedicated bank account is another essential step in your company’s launch. Keeping personal finances separate is a smart move for tax and legal reasons as well as convenience.
Plus, your new bank account may come with a line of credit or even business loan options to help you start funding staff, equipment, and more.
2:00 pm – 3:00 pm: Inventory Software and Tools
Most businesses will need software support to be successful. The nature of your operation will dictate what systems and tools you require, of course.
Consider whether any of the following are necessary for daily operations, and open free accounts or start short-term trials to check them out.
- Appointment scheduling applications like Calendly, YouCanBook.me, or HoneyBook
- Financial software and tools like Quickbooks, FreshBooks, or Xero
- Project management software like Monday, ClickUp, Asana, or Trello
Smaller standalone tools may also come in handy, such as PDF merging tools, for assembling a single, easy-to-use document.
Get the basics of your daily business covered, then keep a running list of what might come in handy as your company grows.
3:00 pm – 4:00 pm: Develop a Company Handbook
At this early stage, your company handbook may be little more than your overall business ideas, goals, and audience information. But as your enterprise grows, add to a brand handbook that helps steer the ship, suggests Score. For now, outline the necessary tasks that need to happen for your company to begin earning money. In the next step, you’ll hire help to outsource these tasks; a roadmap helps all parties see the bigger picture.
4:00 pm – 5:00 pm: Hire Outside Help
Now that you know what your business aims to achieve, what the day-to-day will look like, and what tasks need to be covered, you can hire help.
Create a clear and concise job post outlining what you’re looking for, then post to free career sites; CareerCloud recommends LinkedIn, Indeed, GlassDoor, and more.
Look Beyond the First 24 Hours: Head Back to School
There’s only so much you can accomplish in a day, so sometimes it makes sense to make some long-term plans regarding the genesis of your business. For example, many adults choose to return to school to earn a business degree with the goal of starting their own business. An online business degree can provide excellent flexibility; this may be a good option for busy adults who need to balance school with work and other obligations. In addition, an online business degree can give students the opportunity to learn from instructors who are working professionals in the field. As a result, students can gain experience and knowledge that can be applied to starting their own business. Overall, an online business degree can be a nice investment for anyone interested in starting their own business.
In a single workday, you can successfully launch a business and begin working toward financial freedom and professional independence. And if you want to think beyond those first 24 hours, consider enrolling in an online business degree program that can help you sharpen your skills. Sticking to your plan ensures that each day brings you closer to your goals.Need help getting your affiliate website off the ground? SIB Affiliate can show you how to put together and promote a winning website. Start exploring SIB Affiliate today!