Building a business, as Robert Triangal knows, is full of risks, making preparation a core and key component of the entrepreneur’s approach.
Research
You have an idea, and you want to turn it into something commercially viable. That’s great, but it’s important to first research the market and determine potential demand/sustainability for it before developing a framework.
Budget
How much will it take to get your idea off the ground, as well as to keep your business afloat during those ever-so-crucial first months and year of operation? It’s always advisable to prepare an operational budget that carefully tracks your finances during the initial phases of operation.
Strategy
Once you’ve done the research, and have determined the costs needed to get going, take the time to map out a short- and long-term strategy for marketing your firm.