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1. Take the long view and do long-term planning. Map out where you want to be five years from now and how you plan to get there.
2. Write the plan yourself. You will learn more about your business by doing so.
3. Think of your plan as a living document. Review it regularly to make sure you are on track or to adjust it to market changes.
4. Share the plan with others who can help you get where you want to go—such as lenders, key employees and advisors.
5. Understand that you might pay a price in the short run to obtain long-term business growth and health
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Topic starter
Posted : 23/04/2010 12:09 pm
Re: 5 Tips for Making the Most of Your Business Plan
Thank you all for sharing the usefu information. Please keep sharing more and more.
Have a nice day
Posted : 24/04/2010 9:42 am
Re: 5 Tips for Making the Most of Your Business Plan
There are tons of tips about writing the narrative part of a business plan. Less advice is provided by the financial part. For a new business, the most critical issue is to have a positive cash flow all time.
Posted : 25/04/2010 6:42 am
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