Business & Finance Finance

The 71 Item Check List For Building A New Virtual Business

The 71 item check list for building a new virtual business from raw idea to turn key-cash cow.

As you heard from Michael Gerber in his book "The E-Myth" no business can prosper without the 4 basic systems you must develop if you want to make $29,000 to $86,000 net per month.

Building a virtual office requires you to use a document management system to build a paperless office. You will also find it easy to now do outsourcing of your accounting using an online accounting service.

Recently my marketing mentor Jay Abraham asked if I would create my check list since I have built 5 companies that operate all over the US with 65 staff people, yet I work from home. Below you will find the check list of how we build a virtual business from a raw idea into a turn key cash cow and then move theoperation over to a competent mgr.

Lead System Management: Test your new dramatic new idea

Competitor advertising

Budgeting / planning for lead generation

Ad copy ideas & USP Customer

Profiling Past Ad Samples with ROI

List Rental / Prospective buyers

In House List

Whale List

Lead System Traditional: Broadcast Emails

Broadcast Fax

Broadcast Phone Calls & Telemarketing

Direct Mail

Flyers / Door Hangers - door to door

Kiosks / Bill Boards / Signage

Magazines

News Letters Print / Email / Web based

Newspaper Display / inserts / classifieds

Radio

Yellow pages & directories

Lead System Word of Mouth: Conventions and Trade Shows

Group Memberships & Seminar attendance

Publicity & Celebrity Endorsements

Referrals from Centers of Influence

Referrals from Competitors

Referrals from Customers / Clients

Seminar Promotion

Speaking / Sponsorhip at events

Tip and Lead clubs

Lead System Internet: Web Site Creation & Maintenance

Craigs List / Ebay / Amazon others

Forums and Blogs

Key Words Landing or Squeeze page mini-sites

Pay Per Click / Ad words

Search Engine Optimization

Teleconference

Write Articles

Sales System: New leads mgt.

Commissions and Incentives

Hiring & Managing sales people

Joint Venture and Affiliates

Lead follow up

New Product Ideas

Our sales presentation / objections

Price list and special offers

Repeat & Up sell / current customers

Risk reversal

Testimonials

Production Systems / SIPOC: Suppliers

Input

Process

Outputs & Deliverable

Customer deliverable experience

Requirements

Finance: Budgets & Forecast

Bookkeeping

Accounting and Tax Planning

Loan packaging & Credit lines

Collections

Expense reduction

KPI critical performance indicators

Staffing / HR systems

Contracts

Technology

CEO Tasks: Business Vision and Goals

Innovation in your deliverable

Relationships w/ staff, buyers, vendors

Outsourcing and Delegation Mgt.

SWOT analysis

Replace myself or sell (last step)

Time and resource controls

I use a paperless document service found at http://www.delegationmagic.com as the tool for implementation.

You can down load the check list here http://freepdfhosting.com/843d265f44.pdf

From raw idea to finished company takes me from 18 months to 4 years on average. Most of that time is spent finding ways to generate sales leads and retain customers once sold. I hate doing anything two times so I record EVERYTHING I do over the day so if I find something that works, I can delegate it tomorrow.

To learn more sign up for the virtual office video newsletter found at http://www.kctruby.com Every week you'll learn how to take one more repetitive job off your desk so you have more time to spend with clients.


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