Fail to Plan, Plan to Fail

Okay once you have considered the product/service you want to offer, and have the determination to make a business work. Where do you start?

 

Well they say, “fail to plan, plan to fail”, so how do you plan? Luckily for all of us there are a myriad of resources online to formally help you with this. Organizations such as SCORE or SBA can get you started on the right path. One of the fundamental things they and any other business consultant would have you do is to create a “Business Plan”.

 

Business Plans help you identify the What, Why, how questions you might be having as you get started.

The sections in your business may vary slightly but will likely contain the following.

  • Summary
  • Description
  • Products/Services
  • Marketing Plan
  • Operational Plan
  • Management & Organization
  • Expenses and Capital
  • Financial Plan
  • Additional

By completing a template with these sections included you begin to clarify the What, Why and How of your business. Giving you a clear path to be successful.

Planning can take a little time but none the less can save you hours, weeks and even months of problems, that might otherwise occur.

 

As a new entrepreneur, the best thing you can do is rely on expert resources and follow the path of the successful. Reach out in your community and find the SCORE office, network with industry pros and learn everything you can from the best.

Plan for business growth

Rome wasn’t built over night but it was a consistency that made it possible. So be consistent in your efforts to grow your business and Plan for success.

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