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

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Get Started On Your Business Plan

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