When it comes to launching and running a successful business, planning is everything. This doesn't just mean jotting down your thoughts and ideas, however. Taking the time to actually sit down and create a well-crafted business plan is your recipe for success.
Don't know where to begin? I'm here to help you. I provide guidance by outlining the different parts of a business plan, so you don't have to start from scratch.
- clarify your business idea
- spot potential problems
- set out your goals
- measure your progress
This business plan is a generic model suitable for all types of businesses. It suggests emphasizing certain areas depending upon your type of business (manufacturing, retail, service, etc.).
It also has tips for fine‐tuning your plan to make an effective presentation to investors or bankers.
Before you purchase business stationery, telephones, or rent a location, you should have a business plan.
It takes time now, but avoids costly, perhaps disastrous, mistakes later.