Scrap the Big Business Plan
September 2nd, 2010 | 
Author: Out of 300 people polled, 72% said they did NOT have a written business plan.
You know you need a business plan. You’ve heard it from many sources, “Write your business plan!” How about this scenario: you actually finish your business plan. The big business plan gig is really not for us small, home-based owners. So, scrap the big business plan.
It’s not that big business plans don’t work for us, rather, they can’t work.
The traditional business plan is really only for one reason — to sell your business idea to investors. If you’re looking for venture capital, you have to put together a big business plan, and a very good one at that. In a poll of 300 online home-based business owners, 64% said they work part-time on their online business and receive part-time income from it.
A pretty big chunk of online home-based businesses. If impressing the investors is not your intent, you can’t succeed in this kind of plan. You simply don’t need the traditional business plan. Rather, what you need is a plan that will help you (and only you) take control of our own business.
1) Why am I doing this business?
2) What do I personally want to do with this business?
3) What are my personal strengths to offer to the business?
4) What parts of my business can I outsource?
Write down your answers as a preface to your plan.
Business Mission
“Am I happy with where my business is going?”
Your Business Competitive Edge
Separately list those you have and those you plan to add.
Customer Relationships
As a small, home-based business owner, your marketing is very different from big or even mid-sized companies. Your marketing heavily relies on relationships.
Business Relationships
Who generally and specifically will help you grow and develop your business? List your suppliers.
Finances
This should identify a clear plan for quantifying results. Now, take a deep breath and you will find that this exercise will actually do more to help you focus and grow your business the way YOU choose than any other traditional business plan ever could.
Miss Dewi keyword article:
At least 4 characters using only letters dashes and underscores grants for starting a small business, At least 4 characters using only letters dashes and underscores attorney generals office texas, At least 4 characters using only letters dashes and underscores list of home based businesses, At least 4 characters using only letters dashes and underscores your own online business, At least 4 characters using only letters dashes and underscores women starting a business, At least 4 characters using only letters dashes and underscores wood drapery hardware, At least 4 characters using only letters dashes and underscores best movies list, Powered by JForum true value hardware in tx
Tags: 
Lose Weight and Increase Energy
Recent Comments