This is a short article outlining why you should write a business plan to increase your chances of success.
It's tough. :
Small Business Business Plan, Business Plan, Small Business Success, Reasons to Write a Business Plan
Article body:
I will be asked a lot for that question. In fact, later "How do I start a business?" It is probably the most heard new customers. I have decided to write a business plan and decide that the best way to describe why is to tell a few stories about my stuff's name and business are fictional. He calls him David and he has a machine shop I'm going to tell you over the next few months The story is a combination of what's happening to some of my clients.
David is wise he has a memory like the armor of steel And he is ambitious. Inheritance of a small mechanic store that started his double left on his dad was going to be very busy trying to double-click Con. But he is also young and a little rushed. The way he sees it, he doesn't need a business plan and he asked about it he just bangs his head and says, "I don't need. I got it all here "And he likes freedom. He is a kind of guy in your pants. He does not want to be tied to what some of the papers say.
His mother-in-law, Ellen, just shakes her head. She wanted to be able to stay at home when her child was small, so she owns a bookkeeping service for the last two decades she has started, but David is of course so she Everyone knows how to be a bean counter and the details. Also, it is a business that incorporates him to speak. He did not have to waste his money on it in the way he saw it, but it was completed. It's a business plan that doesn't waste much money.
A few weeks later, David opened his store for business. What day it was. He was too excited to sleep the night before and he did not have a customer, so it ended a terribly long day. Not a single thing. He thinks he spent the day staring at the phone, cleaning the store, organizing his tools, and sometimes just trying to make it a ring. Well, he thought, what can I expect? The new brand of the store and everyone knows about it. Someone will call tomorrow By the end of the week, he was starting to worry about calls other than from friends and family (which he had begun to suspect his mother-in-law was told to call). He was also beginning to run out of cash.
He barely scratched the cash for his lease together at the end of six months. He didn't think this would be expensive to own a business. And he thought he now had a lot of customers, but the truth was that he wasn't enough to get busy for half a day. David decided to go see the banker, he figured out, it should not be a lot of a problem to get the money too. He had a good credit rating.
David sat down and got right into the business. He did not need a lot of money. He calculated $ 10,000 should do it. "Like," Sean said, when he talked and done. "Let's look at your business plan." And when he said, "Oh, I do not have. I have it all here," she smiled and said, "I We need to have them before we can proceed with the loan.
You will receive a loan for the master who hates you. He approached his mother-in-law when none of his friends could help him beyond a few hundred dollars. "Things" she said, "I can do it, but in good condition. Give me half an hour of your time to hear why you think you need a business plan I think, "David agreed. He was hopeless.
Here is what she said:
* Almost half of small business starts fail in the first year.
• The main reason they fail is lack of management, lack of
Planning is insufficient funding and lack of marketing.
Business plan for the reason:
o Business plan helps with financial analysis, lack of management with guides
Delineate your decision-making and specific goals.
o Help with the lack of planning by outlining the means to meet the business plan
Specific goals.
o Business plan will help with inadequate financing financial institutions
And individual investors do not lend any money without you.
o Responding to marketing plans such as completed business plans
marketing
* There are other reasons for writing a business plan:
o Business Plan will help monitor your progress.
o business plan gives something to compare your end of the period results
When.
o Business plan helps identify weak areas that can be improved.
o Business plan helps to avoid making the same mistake many times
Also! .
o The business plan will help keep track.
o Good business plans include feasibility studies, so you should know
Your business
o Many self-help books declare their goals more easily fulfilled if they are written
Business plans thus help identify and reach your goals.
David was convinced. He accepted his mother-in-law's offer to help him write his business plan. After it was over, he returned to the bank and got his loan.
So what does David do to work? I have no intention of making it appear beyond what I am, but I will promise you to tell you if you would like to convey it. In order for us to develop a little case study and dissertation as a David business. How are you expecting David's business?
0 comments:
Post a Comment