Starting A Business Flow Chart Page 4
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1
2
3
4search tool that combines a company name, domain name
and trade mark search all in one place.
Are you ready to launch?
The Internet
No
Is your business Internet ready?
It’s almost impossible to be in business without the Internet.
Apart from having a website and needing to provide
information 24/7, it also covers social media, how you
engage customers, how you sell to them, product delivery,
Yes
and your business processes.
It’s also quick and simple to do your banking online, BNZ
PayClip enables you to take payments on your mobile, you
can view your accounts, transact online or via the banking
app, and hold foreign exchange offshore, all via BNZ’s
online banking services.
Make sure that your website is able to grow with you. As you
change your products and offering, make sure that it is easy
to update and adapt your online presence.
No
Building a marketing plan
Do you have a marketing plan?
Having a plan to target key customers and to make them
aware of you is critical. If you have the best company in the
Yes
world, you need people to know you’re open for business.
Devise a budget, consider the best way to approach your
customers, then go get them.
No
Do you have people to help you?
Building a support network
Assuming all your family and friends are supportive,
it makes sense to also include any professionals (like a
Yes
bank manager, lawyer, or accountant) in your plans. Also
consider Business Mentors NZ to link you with an adviser
to help. Other groups include the Chambers of Commerce,
industry associations and regional development centres.
No
Developing a business plan
Finally, do you have a business plan?
Take all the information you’ve collected above and use
it to flesh out your business plan. This will put everything
in perspective, and you can constantly refer back to it to
see how far you’ve come. BNZ have a free Business Plan
Template you can utilise, to quickly and easily create your
plan.
You now have the building blocks of a start-up plan that will help increase your chance of success.
Next steps:
Get extra training and support:
l Download and use the free
BNZ Business Plan
Template.
l Access the
BNZ Cash flow template
to test out if your idea will make a profit.
l Attend a
BNZ Connect event
to talk to other business owners.
l Read the
BNZ Economic Insight review
for what’s happening across New Zealand.
l Find a
BNZ Business Specialist
to help you with any banking needs, or to discuss your business start-up idea.
This information is for general information purposes only. To the extent that it contains financial advice, it does not take into
account your particular financial situation or goals. BNZ recommends that you seek advice specific to your circumstances from your
financial adviser.
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Parent category: Business