Action Plan for the Start-up of the Company

With this delivery we want to share part of the elements to take into account for the start-up of the company. In particular, those that we consider common, given that each type of company demands its specific action plan. Welcome!

Let us remember that an action plan is a guide that allows us to discipline the execution of activities, to achieve an objective. In general, an action plan involves the definition of an objective to be achieved, the deadlines for each task and the estimation of the resources required during its execution.

In the case of starting a business, no matter how “simple” the undertaking may be, a tailored plan will help and guide the implementation. If we see it well, there are really no simple business ideas, but more or less complex ideas to start up.

Manage Easy.

It often happens that when the entrepreneur is very passionate, he does not propose a clear action plan, nor does he put it on “paper”. He assumes that what he has in mind is enough. So he launches the company without stopping for a moment, which in many cases ends with the loss of time, resources and even passion.

Of course, it all depends on your experience, competencies and skills in entrepreneurship. But when there is no relevant experience, the recommendation is to write an action plan.

Drawing up an action plan for the start-up will avoid extra costs

Action Plan – Steps Prior to the Plan for the Start-up of the Company

In our approach to entrepreneurship and management, we consider that there are 1 steps prior to start-up. These are:

• First, assess how attractive the business idea is. It is clear that the entrepreneur believes in it and defends it. But the ideal is to apply a technique to investigate further; to find out how attractive and possible it is to go ahead with the idea. For this reason, we recommend the Star Matrix technique.
• Second, when the idea is attractive and possible to implement. Validated with the Star Matrix technique, it is key to develop the  Oster alder and Pinger 9-block Canvas. With this we draw the business model, which will give us the opportunity to “land” many aspects of the idea.
• Third, if we have decided to continue, it is key to create the viability plan to obtain information on the market, demand, income, costs and the investment necessary to start the business.

This third point also allows us to create scenarios and obtain estimates of the possible profit margin to be achieved. Without a doubt, it is a step that takes more time compared to the previous two. Above all, because it involves searching for information and estimating different key data.

After going through these steps, if we have decided to continue, the start-up comes. As we pointed out. It must start from a simple action plan, but useful to organize the work of this phase.

What should we take into account, then, to prepare the start-up plan? Some of the elements are described below.
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