Over many years we have identified 6 stages which, if systematically followed, will prepare budding entrepreneurs to progress to starting up a company successfully.
Here, in short summary form, we share those 6 stages with you. In future blogs we’ll discuss each element in more detail, and provide examples of effective ways to support entrepreneurs in each stage of the process.
- Acquiring Motivation. The budding entrepreneur needs first to find the stimulus and commitment to pursue the objective of setting up a business.
- Finding an Idea. Finding an idea which needs serious evaluation. Considering alternatives such as franchising and buying in.
- Validating the Idea. This involves testing the product or service, and in particular testing the market with respect to supply and demand.
- Identifying the Resources. Identifying supplies, materials and sources of assistance to transform the idea into reality.
- Applying the plan. Negotiating into business finance, premises, contracts.
- Birth and Survival. Selecting the type of company and registering it; developing the necessary ongoing systems to keep a business in operation; coping with all the statutory requirements; building relationships with professionals who can help; establishing clear ties with customers and suppliers.
The 6 stages can take a varying amount of time, depending on the individual’s personal resources and capacity. Start-up animation programmes should be structured to helping budding entrepreneurs with every aspect of this 6 stage process, including stage 6 for at least the first 6 months of a business start-up.
Consult-ICE for assistance with the development of start-up animation programmes that lead to sustainable business start-ups.
Read more about our specialist expertise in enterprise animation HERE.