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.

The 71 Item Check List For Building A New Virtual Business From Raw Idea To Turn Key-cash Cow

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.

The 71 Item Check List For Building A New Virtual Business From Raw Idea To Turn Key-cash Cow

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 the operation over to a competent mgr.

The 71 Item Check List For Building A New Virtual Business From Raw Idea To Turn Key-cash Cow

-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

The 71 Item Check List For Building A New Virtual Business From Raw Idea To Turn Key-cash Cow

-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 www.kctruby.com Every week youll learn how to take one more repetitive job off your desk so you have more time to spend with clients.

KC Truby calls himself The Lonesome Cowboy. Since 1987, he has taught 16,000 accountants on how to find and sell more new business clients. 2,000,000 small business owners have his tapes on sales and cash flow. KC has brought 250,000 businesses into a local accountant’s office with his QuickBooks Made Easy seminars and tax marketing techniques. Visit his sites: http://www.cashcowaccounting.com, http://www.paperlessovernight.com, http://www.qbexpress.com and http://www.delegationmagic.com.

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