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Your written plan describes your business, outlines your goals and serves as a road map for future activities— everything from handling unforeseen complications to repaying borrowed money. It's a document that should grow with your business, undergoing constant tweaks as your big idea evolves from a concept into a successful company.
A strong business plan is essentially the cornerstone of your business, and yet many entrepreneurs drag their feet when it comes to writing one— possibly because it involves a good deal of work and may bring back childhood memories of writing a tedious book report on summer vacation. But it's critical that you not only organize your thoughts on how you intend to run your business but also formalize your plan in writing. Here's why:
* It forces you to identify your (and your company's) strengths and weaknesses. You don't want to start a company that is flawed before it's even in business. Sitting down, writing a plan, thinking about everything you bring to the table (whether that's a passion for cupcakes or an enthusiasm for medical software) and considering everything you're lacking (whether that's salesmanship or computer skills) can give you a realistic snapshot of your odds of success. Your goal should be to focus on your strengths and fix any problems that could hamper your growth.
* It helps you figure out how much money you'll need. Entrepreneurs chronically underestimate how much money they'll need to start a business. Keep in mind: a lack of capital is one of the top reasons why businesses struggle or close during the first year. Writing a plan forces you to get a handle on where your money will come from, where it will go and whether it will be enough— not only to get your business off the ground, but also to sustain growth in subsequent years.
* It gives you clear direction, which can help eliminate stress. As a business owner, you often have to juggle multiple roles— everything from bookkeeper to CEO— and that can leave you feeling distracted, disorganized and overwhelmed. A document that outlines your mission and plans for the future can prevent overload, help you set realistic goals, keep you on track and boost your productivity.
* It will serve as a resume when you seek lenders, investors or partners. Most lenders, and certainly any professional investor such as an angel or venture capitalist, will expect to see a business plan before giving you money. Even if you're not seeking outside money, a business plan can be helpful when renting space (a landlord might demand to see one) or seeking a business partner. For partners who start a business together, writing a plan ensures that everyone is on the same page when it comes to the company's mission and strategies.
* It makes you evaluate the market for your product or service and size up the competition. As you write your plan you'll research the current market and see how your product or service might fare against existing offerings. By analyzing your competition, you'll get a sense of how to price your product or service, how to target the right customers and how to make your company stand out, particularly in a crowded marketplace. As you assemble your business plan, you'll see opportunities to fine-tune your concept, avoid problems that could become disasters and ultimately increase your odds of success.
Posted : 26/04/2010 6:24 am
Hi all.
I'm thinking to block facebook on computers in my company because it can very distracting and can negatively affect productivity. I'm not sure how will employees react and can this cause unrest among them. Does anyone has experience with this issue? How did you block it in your company?
Topic starter
Posted : 26/05/2011 11:28 am
Re: Ban facebook in company or not?
I think it depends on a few things. I think that if it lowers moral in the office because they cannot access it on their computers during their breaks that may cause a problem. If they do not seem bothered or they understand then go for it. I think instead of blocking it you should send an email or let it be known they should NOT be on it during work hours and to only do it during non-work hours. Then if you catch someone on it you can discipline as needed up to blocking for repeat offenders. No reason in creating an issue if there is not one.
Posted : 26/05/2011 11:25 pm
Re: Ban facebook in company or not?
While you could block facebook on your companies network, you still have to realize that most people with smart phones can use apps to log into facebook. So you will not be able to 100% stop them. But you could at least block it so that it is not so easy for them.
FB is addictive and I can only imagine how much that it costs employers from around the globe.
Posted : 27/05/2011 5:13 pm
Re: Ban facebook in company or not?
I don't believ that banning FaceBook will help solve the problem. Actively engaging an issue that is not going to go away is the best way to ensure that there are no unpleasant surprises for both employers and employees. Try to set up guidelines with regard to its use. Explain to your employees why it's not beneficial for them to be using it during work hours. Also ask them if they have any suggestions on how to go about it. Show them that you are not out to get them, but at the same time are concerned about the workflow being affected.
Posted : 28/07/2011 10:43 am
Re: Ban facebook in company or not?
The building and construction authorities in Chicago want to have a greener way to continue their business. On June 6th 2001, a new energy code - Amendment of Title 18 f Municipal Code of Chicago Concerning Energy Efficient Requirements, was passed.
Posted : 29/07/2011 8:05 am
Re: Ban facebook in company or not?
If we want to prevent the media to entertain their mind.
We must have something to offer for entertainment instead.
To do otherwise would make him feel the loss of independence.
It becomes a feeling of hate in their hearts to us instead. ^___^
Posted : 01/08/2011 2:09 am
Re: Ban facebook in company or not?
I think making an issue and banning all together is just going to cause additional issues and hard feelings. I agree send out policy if you don't want them on it while on the clock or at their desk working. But allow them on break time, or even slow times. People will be sneaking updates on their phones all day anyways. Just handle issues on a case by case basis. If someone is abusing it bad then yes deal with it, otherwise don't make an issue out of it.
Posted : 03/08/2011 7:48 pm
Re: Ban facebook in company or not?
I think in the companies face book ban because they can not access it on their computers during their work that may cause a problem.Your mind on that site and you are disturb in the work.
Posted : 05/08/2011 3:41 am
Re: Ban facebook in company or not?
I tried to do this but you will be amazed how thick skinned people can be when it comes to things like this. I actually gave them the choice, either stop the social thingy or I put a block on it ! Guess what happened.....I could just as well have spoken to the wall.
Not all people are alike........some can drive and some needs to be driven !
Posted : 12/08/2011 9:34 am
Re: Ban facebook in company or not?
marfow;68130 wrote: Hi all.
I'm thinking to block facebook on computers in my company because it can very distracting and can negatively affect productivity. I'm not sure how will employees react and can this cause unrest among them. Does anyone has experience with this issue? How did you block it in your company?
That is true especially if Facebook is not part of doing their job. I guess leave facebook with your staff doing marketing, but with other departments I believe it won't hurt them
if you will ban their access to Facebook. I mean, we go to work to work - business should be strictly business. I believe that every employee is mature enough to understand that.
They go to work to work and earn money. There are breaktimes, however there are other things that can break the ice. They can do Facebook at home 🙂
Posted : 20/08/2011 1:13 pm
Re: Ban facebook in company or not?
In my company they block the facebook through some blocking software & it required admin password. Due to this i compete my task before my time.
Posted : 21/08/2011 12:50 pm
Re: Ban facebook in company or not?
I would block anything that is not work related. I know that people will get a bit cross to start with, but this is work, you have to be strong and make people realise what they are there for.
A soccer team wouldn't allow people to play computer g***s at training would they?
Posted : 22/08/2011 5:36 am
Re: Ban facebook in company or not?
Facebook is ban in my company because we use this site for chatting with friends so when we are on duty that time we can not use this site.We cannot use this type site in office.
Posted : 30/08/2011 7:44 am
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