Runners line up at the starting line of a
race waiting for that starter pistol to go off. If they start too soon it
throws all the runners off. Hesitate after the starter pistol is fired and you
could lose the lead.
Now apply this analogy to making a business
decision.

Being decisive is not about being reckless.
All of your decisions should be well informed.
When is it a good time to act in starting
your business?
Renting
Space
Every business needs a work space even if
you're just starting out working from home. When your business takes off and
you're ready to expand you'll need more space. If you are investing in a
franchise business than location is key. You need to put together a list of
requirements to make your business a success.
How many parking spaces will you need for
staff and customers? Is foot traffic important to your business? Do you foresee
expanding in the near future? How much space can you effectively use? What is
your budget for renting space?
Once you have definitive answers and you
find a space don't waste time; sign the lease.
It might need some cosmetic improvements or
better air conditioning but if a majority of your requirements are meant secure
the space before it gets away from you.
Hiring
Staff
If you are interviewing for a staff
position and have 12 applicants, interview all twelve applicants. Maybe the
first person to come through your office is the one you'll ultimately hire but
you deserve to hear from everyone.
Once you've completed all interviews, make
that offer. Just because you've found the perfect match for your company
doesn't mean some other business isn't interested in the same person. After all, if they are the best they will
be in demand.
On the plus side, we're living in an age
where instant communication can happen any time of the day or night through
texts and e-mails. You should have all of those contact information for any
applicant.
Marketing
Campaigns
Your marketing strategy will be crucial to
determining the success of your business. You should be presented with many
options along with a clear understanding of the potential return on your
investment. After you’re presented with the plans it's vital to put them into
action ASAP.
You don't want to waste time mulling over
plans when there are sales to be made and customers to attract.
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