2nd
November
2007
Business Plan Overview
posted in Planning |
Not matter what kind of business you’re in; having a plan is crucial to an positive outcome for your business.
A plan provides you with the necessary focus and direction. As Yogi Berra said “When you don’t know where your going any road will get you there”. Do you know where you’re going or are you just “letting it happen” – if you’re just letting it happen, how’s that working for you? For 99% of businesses is the path to disaster, both financially and emotionally.
Having a plan allows you to use your limited resources (time, money, effort) effectively and efficiently.
Most small business owners cringe at the thought of a “business plan”, the proverbial 50+ page bible. Who has the time for this? Who has the fortitude for this? Who has the desire for this? Certainly not me and I am fairly certain not you. And unless you are going to external sources for financing or support of some kind it’s not necessary.
There are many resources out there to assist you in doing a short and sweet business plan. One I recommend is the One Page Business Plan by Jim Horan. When I reconfigured my business this is what I used to do my business plan. Other than the dreaming/thinking time involved it took me about 16 hours (over several days) to do it. Who doesn’t have 16 hours for this task?
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on Friday, November 2nd, 2007 at 10:32 am and is filed under Planning.
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