Plan for Your Business to Be Independent

 

You do not have a successful business by accident. When it comes to your business, make a plan, and then work your plan. All too often, entrepreneurs think successful businesses happen overnight or as a matter of luck. Neither is the case.

No matter what type of business you have, you need a plan. When it comes to business plans there are a few types of people:

  • those who created a business plan when they started and revise it on a regular basis
  • those who created a business plan when they started and haven’t looked at it since
  • those who never created a business plan and don’t see why they should
  • those who never created a business plan and now realize that was a mistake

 

No matter which camp you fall into, today is a great day to start working on your business plan.  After all, if you fail to plan, you plan to fail. So do the work to have a successful business and create or revise your business plan.

I created a five-part series on business plans that you can use to create a solid business plan for a successful business. Work your way through each section, even if you find it challenging. Remember what Benjamin Franklin said, “a stitch in time, saves nine.” In other words, take the time to do the job right the first time so you won’t have to keep doing it over and over again.

Here are the links to the business plan series, work your way through the sections.

Business Planning Part 1 of 5 Introductory Matters – A business plan is a tool for gathering all the important information about running your business and your financial condition all in one place. Click here to read more.

Business Planning Part 2 of 5 Personnel – This section will deal with the business plan sections concerning personnel and organization. Click here to read more.

Business Planning Part 3 of 5 – Marketing – This major section of your business plan will describe the market your business competes in and your strategy for competing. Click here to read more.

Business Planning Part 4 of 5 FInances  – The financial information section of the business plan is where you set out the financial aspects of your business. Click here to read more.

Business Planning – Part 5 of 5 Financial Projections -This final section will deal the financial projections section of the business plan.  Click here to read more.

If you need help along the way, feel free to reach out to James, Davis, and Associates for help. You can reach us via phone at 484 381 0532 or via email at janeanedavis@jamesdavisandassociates.com .  I look forward to speaking with you and to helping you make your dreams for a successful business a reality. So the question for you this thrilling day is how are you planning for business success?