Do you have any thoughts on products or services? Do you want to start a business? If so, you will need to read this article. This is good news: every product or service invented by humans is an idea. An intangible impulse to become a reality through the joint efforts of one or more people in a smart and harmonious way. Behind these successful ideas is an organized written plan - the business plan lays the groundwork and explains the road to success for business owners and investors who fund the project. Then, these plans, coupled with the eagerness of entrepreneurs to see the project going through, help to make the business a success. The key words in this paragraph are ideas, plans, and burning desires.
Doing business without a written business plan is like having a rowing boat without paddles, no map without a sextant or direction compass. Is the goal of any business successful? The ultimate goal is success. But what if you were mentioned in a rowing boat and told you that your destination is a specific dock in France? How do you get there? You don't have a paddle, no map, no compass, no indicator of your sextant - you will jump into the rowing boat, away from the shore, let you guide you now, no direction? If you do this, what do you think is the probability of traffic and water flow so that you can safely cross the ocean so that you can reach that particular dock... that particular destination? It won't happen...
Having a well-written business plan to succeed in business is critical. First, it allows you to carefully consider your business details and see the obstacles ahead and minimize costly mistakes. The ideas of most entrepreneurs are important and there are very few written plans. Every new business has a level of confusion associated with startup; launching and launching and developing a business plan can help minimize this confusion. Writing a business plan is a tough job. And in most cases, you will put it in. The plan is both logical and emotional. First, the plan should be based on logical analysis, rational, realistic and rigorous review of FACTS related to business projects. Without guessing space, you need hard-cold data, statistics, market trends, buyer behavior and demographics, and you need to consider a lot of things. But once you have the facts that support your ideas, you can express your plan in a way that sells your ideas to others for participation or financial investment.
When it comes to financial investment, if you don't have a well-written business plan that meets the general expectations of investors about the structure and content of the plan, then your ability to find and recruit investors for the business is almost zero.
Another interesting phenomenon in writing a business plan - you need an invisible impulse of thought - the idea - to transform the invisible "thought impulse" into a tangible "form that can be understood by others" from your mind. Your idea or project is closer to reality.
80% of new business failed within a year or two. why? For a variety of reasons, but mainly because entrepreneurs fail to plan and estimate sales and underestimate costs. The best thing you can do is to start your project in the right direction is to write a business plan before you enter any business effort. There is power in planning, and you will find it when you do this.
We have a free business plan ebook called How to write a business plan on the free section of our website, which you can download at your convenience. It is the most powerful business planning tool I have ever seen, and I have more than 20 years to help and consult small businesses. I highly recommend that you take advantage of this opportunity to get your copy immediately. Another Ezine article is exclusive!
Copyright ©2006
James W. Hart, IV
all rights reserved
Orignal From: A company without a plan is like a ship without a rudder.
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