Do you have a business plan?

Re: Do you have a business plan?

Thanks for asking your question,

Although a 'Business Plan' definitely can be a great way to
focus energy, or to have a basis to give useful information
to possible 'third parties' you want to work with....,

Personally I don't really like to be at risk
of 'Painting myself Stuck'.

So I created a 'Business Model' instead,
making it all real flexible.

All the Best,
To your Happy Inspiration,
HP

http://hpshappy.blogspot.com

Re: Do you have a business plan?

Yes i do agree mot of small business don't have any business plan but one should understand that a business plans are decision-making tools. There is no fixed content for a business plan. Rather the content and format of the business plan is determined by the goals and audience. A business plan should contain whatever information is needed to decide whether or not to pursue a goal.

Re: Do you have a business plan?

BTW at my Happy Home Business Blogspot you can find some info about 'Prototyping' and 'Components' that should be in
a Business Plan.

So if you like to get some inspiration for your 'Business Planning'
just look arround at:
http://hpshappyhomebusiness.blogspot.com

There you can also find interesting Daily Marketing Tips and
last but not least some great CASE STUDIES from rediculously
successful Internet Marketeers!

All the Best,
To your Happy - Business Planning - Inspiration,
HP

Re: Do you have a business plan?

A business plan plays a important role in running a business as a good business plan can help to make a good business credible, understandable, and attractive to someone who is unfamiliar with the business. Writing a good business plan can’t guarantee success, but it can go a long way toward reducing the odds of failure.

Re: Do you have a business plan?

Do i have a business plan?
Absolutely!

If the chocolate hits the fan then i am already be prepared 😀

Best of luck to all

Re: Do you have a business plan?

Yes I do have but i don't want to disclose it here

Re: Do you have a business plan?

It’s just that somebody who’s starting a home-based business or a professional services firm doesn’t need to pay a consulting firm thousands of dollars to prepare a full-fledged business plan just to raise the small amount of money they’ll need for legal fees, accounting software, a website and maybe a new laptop. What they do need are clients–and the way to bring those big projects in the door is through networking, not spending money on an ad campaign, an office suite or full-time staff.
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Virtual PBX
diesel engine parts

Re: Do you have a business plan?

Tips To Recession Proof Your Business
=======================================

It's a given fact that the world is facing a global industrial crisis. A rich country like US has fallen down and even increased national debt to trillions. Thus, it is affecting the economy of pretty much all countries in the world such as UK and Japan to name a couple and making it even worst for developing countries.

If you're currently starting a business or has established for years now, you may even start to wonder on how it's possible for you to sustain the business and make money when all the people are holding tight on their cash. With bigger firms such as GM being bailed out and other major vehicle makers collapsing, it just shows that even the giant players are experiencing how it is to be in recession. How much more to pull through on a business that began and without enough capital at the 1st place? It's a tough query, right? Fret no more! Here are some tips that might help you recession proof your business:

1. Plan, plan, plan
nothing beats having a sound plan to sustain your business operations all thru these years where the country is facing recession. Don't stick with one plan alone, make sure to have contingency plans if ever things might not go the way you want it to be. If there is Plan A, there should be Plan B, and Plan C to back you up when things go bad.

2. Right Pricing
the problem of most firms nowadays is that they go over the top visa pricing their products. A $200 item slashed down to $50, solely to have a sale for the day or no sale in any way. This shouldn't be the case. Proper pricing should be imposed to ensure that the business is still earning profit and not losing money at the end.

3. Keep Updated with your Finances
One of the major issues with most businessmen who have their business shuts down is they missed tracking down their finances like where did the money go, and if it is spent smartly. Also, there's no contingency plan in case one or two clients will not pay out or if there would be major costs were to get the money. Every penny spent should be well-accounted for.

Re: Do you have a business plan?

Hello Friends........

Top Ten Tips for Writing a Business Plan are

1. Write from the audience’s perspective.

2. Research the market thoroughly

3. Understand the competition

4. Attention to Detail

5. Focus on the Opportunity

6. Ensure all Key Areas are covered in the Plan

7. Do the Sums

8. Executive Summary

9. Review Process

10.Implement the Plan

Re: Do you have a business plan?

Hello
1. Write from the audience’s perspective.

The starting point for any business plan should be from the perspective of the audience. What is the purpose of the plan? Is it to secure funding? Is it to communicate the future plans for the company? The writer should tailor the plan for different audiences, as they will each have very specific requirements. For example, a potential investor will seek clear explanations detailing the proposed return on their investment and time frames for getting their money back.

2. Research the market thoroughly

The recent Dragons’ Den series on BBC 2 reiterated the importance prospective investors place on knowledge of the market and the need for entrepreneurs to thoroughly research their market. The entrepreneur should undertake market research and ensure that the plan includes reference to the market size, its predicted growth path and how they will gain access to this market. A plan for an Internet café will consider the local population, Internet penetration rates, predictions about whether it is likely to grow or decline, etc., concluding with a review of the competitive environment.

Re: Do you have a business plan?

Hi,

I think one should start at a smaller level first as one may do something wrong, he could take care of it then and there without much loss.
Frankly speaking, it needs funding and you must be prepared for that first.
Getting clients is another big issue as most people rely on their existing contacts and it would be good if you make a deal with one successful company at a time.

All the best. Hope this information would be useful to you.

Regards
Ben Thomas

Re: Do you have a business plan?

Hello Friends....

A business plan should prove that your business will generate enough revenue to cover your expenses, but a business plan may vary depending on your audience. If you are writing a plan for your colleagues and partners to expand an existing business, then the focus of that plan may be more operational than financial. If you are writing a plan for a bank, the most important aspect to the bank manager will be your financials. Are your assumptions realistic? Will the cash flow be enough that you can make the monthly payments for the loan you have requested? If your business is making $1,000 a month and your payments are $1,200 a month, the bank is likely to turn you away.

Thanks

Re: Do you have a business plan?

I have a business plan that is working well for me so far and the planning phase is most tiring but most important phase of starting a business. I would like to thank everyone in this forum for sharing such cool and informative tips.

Danny Archer

Re: Do you have a business plan?

Entrepreneur's Name
Entrepreneur's Title
Company Name
Company Address
City, State Zip Code
Phone, Fax Numbers
e-mail, Web address

The Company

The Market

Competitive Analysis

The Product/Servic

Value Proposition

Marketing and Sales Plan

Management and Organization

Financial Summary

Investor Summary