Business Plans Keep You On The Success Course

Where would your business be without a proper plan? A business plan sets the direction for the future of the business. It gives the business owner or manager a sense of guidance, listing the goals and objectives of the business from the start.

Writing a business plan requires your attention; a successful business plan cannot be rushed. Once a concept for a business has been developed, looking at the many facets of owning and operating your business is the next most crucial step. Often, your local county council will be able to assist you with gathering the required information of a legal aspect, as should your local business enterprise people. The balance of the work will be up to you! You will need to research products for your business to sell, at the same time as researching other enterprises that may be in immediate competition to you. In addition, you need to research the marketplace to see whether there is a need for your business service or product.

With the research out of the way, sitting down to write a business plan requires focus. Your business plan will become the bible of your business for at least the next 3 to 5 years so it is important to make it clear, concise and comprehensive. Most enterprises will complete a SWOT analysis to determine their strengths, weaknesses, opportunities and threats of the business. While the business is in infancy, brainstorming would be the most accurate way of performing the analysis, as the business would not yet have customers and profitability would not yet have been experienced. However, it is very important to remember that a good business plan is flexible and can be changed as your business experiences grow.

After completing a SWOT analysis, you will need to create your business name if it has not already been determined, as well as your vision and values, your business goals and long term purpose and how you will achieve all of this when the business is up and running. Writing each thought down regardless of how insignicant you feel it is will allow you to collect everything pertinent to your business for easy reference when needed. Who knows, the thought of today may turn into a million dollars in a short time! A business plan is the roadmap to a successful business!

Don't let the small stuff get in your way of taking control of your future. Remember - It's All Small Stuff!

The author has found that most business owners have great ideas and creativity. They just need the clarity of what direction to head to. She has helped thousands of entrepeneurs become profitable over the long haul.

Marianna D'Ambrosio is founder of FEDE Business an excellent resource site dedicated to information on business.

---

Call in the SWOT Team: Produce More Opportunities to Expand Your Business

Have you ever done a SWOT analysis? No, it's not... Read More

Business Strategy Planning Made Easy

Ask Yourself three simple questions that affect your strategy planning...... Read More

When Do I Need To Hire A Business Plan Consultant

Every new business owner knows that a business plan is... Read More

Business Results - Four Critical Success Factors

Scenario OneDuring a recent presentation, a business owner was given... Read More

The Chief Cause of Business Failure & Success

Business rises and falls on leadership. According to business guru,... Read More

Strategic Planning Consulting

Strategic planning and consulting is the strategy roadmap to manage... Read More

Business Plans Keep You On The Success Course

Where would your business be without a proper plan? A... Read More

Why 9 in 10 Businesses are Overspending on Day-to-day Expenses

Experts estimate that 90 percent of Australian businesses are overspending... Read More

Innovators Role at Hard Times

One Research Scientist at the Hewlett-Packard (HP) Imaging Systems laboratory... Read More

Microsoft Great Plains in Aerospace & Defense industries ? implementation & customization highlights

Microsoft Great Plains fits horizontal markets clientele and in case... Read More

Documenting the Exit Strategy in Your Business Plan

All investors greatly desire and are motivated by a clear... Read More

Business Disaster? Wont Happen to Me

As fast as you can say business disaster, your business... Read More

Why Do a Business Plan?

To Grow (Catapult) Your Business That's Why.When it's in your... Read More

8 Ways to Earn More Without Working Harder

Conventional wisdom has it that there are only three ways... Read More

Why Create an Annual Plan?

Can you imagine going on a road trip without knowing... Read More

How To Get More Business During The Winter Months

Business seems to drop, slow or even stop during the... Read More

How To Leverage Your Current Ideas And Products Into Multiple Revenue Streams

Diversify - to make diverse, give variety, to balance, to... Read More

Top Reasons To Form A Strategic Business Alliance

A strategic alliance is when two or more businesses join... Read More

Own Your Niche by Building a Niche Community

In 1997, David Steele was making the transition from a... Read More

Idaho Market for Automotive Businesses; Doing it Right

Anyone who has been watching the Idaho Market Carefully for... Read More

The Top 10 Priorities That Guard Your Five-Star Reputation

Making money doesn't make your reputation... your reputation makes you... Read More

Menu Driven Business Planning

A menu is the foundation of any restaurant; Guests will... Read More

Business Ideas: 3 Smart Ways To Generate Profitable Business Ideas Anytime

Creativity is one of the greatest tools for success in... Read More

The Best Entity to Hold Real Estate

Possibly THE most frequently asked question of me is "What... Read More

The Accountability/Alignment Process: Three Steps to an Accountable Organization

The Accountability/Alignment Process: Three Steps to an Accountable Organization Generating... Read More