What name are you going to give your venture? Will it operate online, offline or as a hybrid? Is it going to be a for-profit venture, a social enterprise or non-profit? Where will your clients come from? Let all of these questions form in your mind and see if you’re getting excited with each passing day. If not, it’s okay to let the idea go – not every idea is meant to be implemented, and some ideas take years to come to fruition.
A strategic plan helps you develop roots before launching branches – it challenges you to invest in the underlying framework of what you are seeking to achieve with your venture and the processes required to achieve those objectives. Strategic planning saves you time in the long run and gives you guidance through the journey.
Welcome to the real behind-the-scenes life of a founder. It is a classic experience for founders of early stage ventures to realize that in spite of the existence of a team, whether they are paid of volunteering, the founder still does an outsized share of the work. At times, it may feel as though the founder needs to pay the price for coming up with an idea.