Get Started On Your Business Plan

Get Started On Your Business Plan

  • Get Started On Your Business Plan is  free article. I challenge you Mr. and Ms. Business Owner, to look further ahead and determine what you want to accomplish. Get started on your business plan is a sure way to succeed. Most business owners don’t have a business plan. How do you succeed? Contact us today let’s write you a business plan.
 
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 Have you begun working on your strategy for a successful 2019 yet?

As a matter of fact,  most business owners are looking forward to ending their year on a high note. I challenge you Mr. and Ms. Business Owner, to look further ahead and determine what you want to accomplish for 2019.
Keep in mind, when developing this strategy follow the KISS principle – Keep It Simple, Stupid. Don’t over complicate the plan, the process, or turn your strategy into the Magna Carta.

Here are 5 strategies to help you get started:

1.    Incorporate Key People

As you’re developing your plan for 2019, it should be pertinent that you bring your key people into the fold.  If your key people, your managers, your department heads, whoever, aid in the development of your plan, they’ll be more invested in the plan.

2.    Have a Clear Timeline

You should have started your first draft on October 1, but it’s not too late to start right now . Grab a pen and paper and begin jotting down what you want to accomplish, and have your first draft completed by the end of the month, October 31. Reflect on it, make revisions, then have your CPA or trusted advisor take a peak and check for reasonableness, just remember to not complicate your plan.
Have a final draft completed by November 30, and begin rolling it out to employees by the second week of December. Don’t let up on this schedule.
 I’ve seen countless business owners still working on a plan for the New Year in the middle of February. Don’t let this be you!

3.    Determine What You Will Accomplish

“What are you looking to accomplish in the coming 12 to 15 months,” is a question that’s easier asked than answered. Furthermore, Think about sales. Think about profit. Likewise, think about your geographical footprint. Are you looking to expand in the locations you service, or are you looking to increase your market share in your area? What about expanding on the services you provide? Perhaps you want to manufacture new products?
Determine how you might be affected by tariffs, fuel increases, potential wage increases, interest rate hikes,  union issues, and more, and create a flexible plan to account for these changes.
Take some time in planning for all possibilities. Don’t have time? Invest one hour of your day and explore the possibilities. That time you spend browsing Facebook can wait .

4.    Resources and Strategy

After you compile a list of what you want to accomplish, look at developing a plan of action to make it work to turn it into a reality. Ensure you have the capital to move forward as well as a strategy that will hit the ground running on the first of January.

5.    Scorecard

Keeping track of your progress throughout the year is a strategy often overlooked by business owners. Break your plan down into goals and milestones to determine where you should be annual, quarterly, monthly, weekly, and daily, and segment that by each department.
If issues begin to rise, you can react much faster by knowing exactly what’s happening and which department it’s affecting.
As you’re developing this plan, just remember to follow and live by the KISS principle. Take the lessons you learned last year and apply them to the next. 
If you need help getting started on developing a plan, or you don’t know where to begin, jot down your ideas on a piece of paper and send it to us for a free evaluation via  www.chrisfarmnigeria.com

Contact Us Today, Let’s Help You Prepare An Irresistible Business Plan And A Feasibility Study Report

 

READ  Top Feasibility Study Plus A Business Plan Writer For Any Business Loan/Grant

Do you need a business plan to raise fund for your business?

We can carry out research and develop MBA grade business plans that you can present to a bank or investor. Intuitively, Chris Farm Nigeria develops well self-explanatory, irresistible feasibility studies or business plan for your Business start ups, Business Growth or Expansions through either personal funds, Grants, or loans, which could be new or existing ones. We delight in writing for people under Academic sectors, production sectors, manufacturing sectors, processing or packing sectors, advertising sectors, marketing sectors and other related sectors on mini, middle and large scale businesses.

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General Info On Feasibility Study And Business Plans

Intuitively, our feasibility study and business plans are explicit. Likewise, becomes irresistible when you show them to your investors or sponsors. It gives you a clear picture of what you are to see. Especially, when you put the feasibility study or business plans into use.

More Info On Feasibility Study And Business Plans

Similarly, it shows how much it will cost you to own your desired business, what your money can afford. The kinds of product you will need to minimize input in other to maximize output. Likewise, how much returns you will get at the end of each accounting year until your business break-even on its initial investment capital. Lastly, this will give the intending business person or investor or farmer, a vivid idea on the possible benefit he or she stands to gain, when he or she starts doing the business. However, the intending business person or investor or farmer will not need a soothsayer to make decision for him or her.

 

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