Trust the Plan...
When most people start a business, the first thing they want to do is create a business plan. But why? Why is creating a business plan so important? Why cant we just skip this step altogether? Well....you can. But, you shouldn't. While it is true that execution is where success lives, smart business owners know that they need some sort of strategy to help win!
Plans are goals with expiration dates
Your business plan should outline your dream business. It will house the ideas for your business structure, your financial projections, your management structure, your daily operations, your product/service development, your competition analysis, your customer profiles, your ULTIMATE goals and how you plan to operate your business. I will work you to develop a personalized plan tailor made just for you! Not all businesses are run exactly the same so one cookie cutter business plan just won't work!
Your business plan should not only serve as a roadmap for how you will operate your business, but also as a way for your to track your progression. Like the saying goes, if you can't measure it, you can't manage. Your business will measure you successes, your losses, your competition and much more! I recommend my clients revisit their business plans often to see how their goals are shaping up.
Money, money, money, money.....
When shopping for investors or trying to get business loans, having your business plan handy will increase your chances of gaining financing. Investors want to know what they are giving their money to and how they will make it back. Banks and finance companies want to know that you will be able to pay money back. With a solid business plan we can heighten your chances of securing funds and increase the confidence of your investors.