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Idea
Exploration
Hobby or Business
An important question to consider is what sort of thing do you want to create? Do you want a hobby, business, a business with employees, do you want to create a product or service and sell that or maybe you want to be an inventor? This question is not about entity creation such as forming an LLC or S Corp. That's a tax related decision you may consider later on.There are many ways to achieve your goal, so spend time considering what you are good at, what you love to do and how you'll support that dream. There is no correct answer. It's up to you, and you might find there is a more direct path to your goal than creating a full blown business with employees and a storefront. Revisit this as you meet with more people and gather more feedback. Discuss with mentors and other unbiased resources.
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TASKS CARDS
Do First
You should complete the following tasks before proceeding to the current one.
Exit & Go Decision
At this point in your journey you've put in dozens of hours of work to understand your idea, your budget, your potential, skills needed and resources to help. A critical step is knowing when it might make sense to put your idea back on the shelf and move on. This may feel like giving up but many entrepreneurs get stuck in a spiral where they can't break away and move on. This burns up time, energy and money.Write down in a journal where you are at present. What have you learned, what obstacles are in your way. If there was something that would stop you dead in your tracks, what would it be? Think about these critical decision points and write them down. Revisit these periodically as they will change or you'll become aware of triggers that mean you'll need to take action. Keep in mind there is nothing wrong with making a smart decision to walk away from something that isn't working. An exit might also be a very positive event such as selling the business or licensing it to someone else. Consider what your future goal is and write that down. This will be your North Star which would provide guidance for future decisions.
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Small Business Marketing 101: Using Email, Social, Video and More
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TASKS
Tasks Within the Stage
STAGES
Keep Moving Forward
Don't stop now! Just pick the very next stage-card that resonates with your business and continue working on the correspondent tasks.
