The Myth… A Business Plan is too complicated and difficult to comprehend.
The Reality… Business Plans follow a simple step-by-step process that makes creating one easy.
Business plans follow a basic format that help identify a goal and the steps a business needs to take. The elements of the business plan are like the ingredients list in an easy to follow recipe. All you need to do is follow the steps and use the right ingredients and portions to create a business plan that is ready to serve!
Do you know your business? Do you know what you want to achieve? If you answered yes to both then you are already on your way to crafting a business plan that will make an impact. By understanding your business and knowing your goals you have the first step and the business plan module will lead you through the framework that will bring your business to the next level. Each consecutive step of the business plan builds on the previous step and creates a fundamental structure that a business requires in order to succeed. The business plan module offers a straightforward guide to writing an effective business plan that achieves results!
The Myth…A Business Plan takes too long and I don’t have time for that.
The Reality…In less time than you think you can create a business plan that will help bring your business to life!
Business plans are meant to be clear and deliver a concise description of the business and how it can be profitable. It is not intended to be filled with every detail of the operation – think big picture, this is why writing a business plan shouldn’t take a significant amount of time. The only thing that is a time waster is trying to keep your business afloat without a business plan!
With the steps provided by the business plan module, all you need to do is follow the guide and give brief, succinct responses under each section provided. This guide will enable your business plan to come together quickly and you will soon find that your completed business plan will become an invaluable resource for you to realize your business potential!
The Myth… I already made a business plan and I don’t need another.
The Reality… Regularly updating your business plan creates success!
It’s a common perception that once you have a business plan, you never need to revisit its contents. This could not be further from the truth. Business plans are a living document that needs to grow with the business and businesses that fail to update its plan will have greater difficulty achieving success. You don’t stumble upon success – you plan for it! Irrespective of the amount of time a business is open, over time, business and consumers change. In order to evolve with these changes it is imperative that a business make time to review update its business plan. If you don’t take the time to periodically evaluate your business and plan and modernize it with the necessary changes – then you will be taking a risk of your business stagnating. It is an absolute must that you plan for business and always have a clear sense of direction. No pilot, bus driver, or train conductor leaves the station without a destination, so why would you with your business? There is an outline available in the business plan module to guide you in ways you can continually research, update and make the necessary adjustments to ensure that you are optimizing your business’s results!
Rodney Provides 1-on-1 Business Coaching as well as Group Coaching – So, where do you begin? If you are a business owner and would like increase cash flow and get more time off visit SmallBusinessMastery.com to find out how.