Monday, October 18, 2010

What's the business plan, Sam I am?

Many of us set out be our own boss, work from home, and all that good stuff.  But if you're serious about making money and growing a business, at some point you need a business plan.  What's that saying, if you fail to plan...?

Writing a business plan can be an intimidating task and all the "gurus" often make it seem like it's the secret handshake that gets you into a private clubhouse somewhere.  Well there's no need to dread writing your business plan anymore.

Here are 5 tips to help power up your business plan courtesy of the SBA:
  1. The business plan should tell a compelling story about your business, explaining who, what, when, where, how and why.
  2. Your plan should be focusd and clear.  It's not about the number of pages or style of the cover.
  3. The plan should define specific business objectives and goals with general parameters to guide the organization.
  4. Writing a business plan shoud force logic and discipline into a business.
  5. A good business plan should be a live document.  It should be updated regularly.
Those are good points and I'm sure you've come across many too.  I'm a take action person so how about a guide to help write your business plan?  The SBA has a great one that takes you through it step by step!

Check it out here:

One of my favorite quotes is "You were born a winner, but to be a winner, you must plan to win, prepare to win, and expect to win." -Zig Ziglar

Thanks for reading. Please comment and share.

"Building Wealth One Friend at a Time"

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