Important Things To Include in Your Business Plan
When developing your business plan you should include the following elements as you begin.
Will you be able to inform others of the direction your business is heading?
Define the direction of your business.
Is your commitment level set so you can inform others of your business objectives?
As your levels of achievement progress with your business, are they what you imagined?
Nine times out of ten, most people starting a business have never heard of a business plan and therefore, wouldn’t know how to start one. Basically you would start by writing something about your business while answering the following questions.
What is the reason for you having a business?
What is the ultimate direction that you see your business going?
How will you be able to achieve your goals?
How much is it going to cost to reach your goals?
Now, those may look like easy questions to answer, but you would be surprised how many people can’t even make it past the opening sentence. The easiest way to begin is to talk it through with someone or even by yourself. The advantage of explaining your business to someone else will be a chance for you to fine tune what you need to write. A third party can help in fine tuning by asking questions relevant to your business.
This gives you the chance to fully understand what it is that you want to achieve with your business. What are your goals? Explain them to others and invite feedback. This is how you can fine tune them before laying the steps out on paper. Goals are one of the most important elements of your business plan, and an easy way to remember how your goals are achieved is by being SMART. (SMART follows)
Specific - Goals must be specific and the basis or foundation of your plan.
Measurable - Have a time frame for your business plan.
Action - Without action, a goal can never be attained. It makes no difference what your goals are, unless you plan and take action they will never be achieved.
Realistic - Set realistic goals and time frames. Don’t plan on making a $100 a day the first week. Remember, it is a business and needs time to grow.
Time - This is also something to be realistic about. Don’t rush yourself or your business plan. Be realistic where your business will be 3, 6, 9 or 12 months down the road.
What is the reason for you having a business?
What is the ultimate direction that you see your business going?
How will you be able to achieve your goals?
How much is it going to cost to reach your goals?
Now, those may look like easy questions to answer, but you would be surprised how many people can’t even make it past the opening sentence. The easiest way to begin is to talk it through with someone or even by yourself. The advantage of explaining your business to someone else will be a chance for you to fine tune what you need to write. A third party can help in fine tuning by asking questions relevant to your business.
This gives you the chance to fully understand what it is that you want to achieve with your business. What are your goals? Explain them to others and invite feedback. This is how you can fine tune them before laying the steps out on paper. Goals are one of the most important elements of your business plan, and an easy way to remember how your goals are achieved is by being SMART. (SMART follows)
Specific - Goals must be specific and the basis or foundation of your plan.
Measurable - Have a time frame for your business plan.
Action - Without action, a goal can never be attained. It makes no difference what your goals are, unless you plan and take action they will never be achieved.
Realistic - Set realistic goals and time frames. Don’t plan on making a $100 a day the first week. Remember, it is a business and needs time to grow.
Time - This is also something to be realistic about. Don’t rush yourself or your business plan. Be realistic where your business will be 3, 6, 9 or 12 months down the road.
2008 - 2012 moneytoday.synthasite.com