Business Planning
Statistics show that most businesses fail within the
first two years.
For the average
person, business success takes planning, creativity, focus, adaptability and commitment.
Business Planning can:
- Expedite
success by maintaining focus.
- Hold you and your staff accountable for results.
- Reduce expenses and increase profits.
- Reduce
your risk of business failure.
- Attract investors and
raise capital.
- Identify new opportunities for products and services.
- Increase market share.
- Assist in company branding.
- Identify problems before they escalate.
Most Businesses with Any Employees Need:
-
A Vision/Mission Statement
-
A Human Resource Program and Manual
-
Operating
Policies & Procedures Manual
-
Monthly
Profit & Loss Statements
-
Projected
Sales & Profit and Loss Objectives
-
Monthly
Cash Flow & Balance Sheet Statements
-
An
Up-to-Date Business Break-Even Analysis
-
Up-to-Date
Business Goals
-
Marketing
& Advertising Plan and Budget
More FREE Tips for Business Success
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"A dream without a plan is just a desire. And everyone has those."
-Jeff Richards
Effective Goals that Drive Success are:
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Specific in written format, yet easy to remember.
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Structured in a positive format.
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Measurable with specific timelines.
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Realistic, controllable and attainable.
-
Meaningful and relevant to those who will execute
them.
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Provide emotional satisfaction to those who
will achieve them.
-
Reviewed often
and are broken down into easy tasks.
All contents copyright Jeff Richards
Important Goal Categories for Most Businesses of Almost Any
Size
Most Small Businesses Need:
A Good Business Name
A Good Advertising Slogan
Professional Business Cards
Ongoing, Effective Business Marketing/Advertising
Do-It-Yourself Public Relations
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