Business Plans – A Critical Part of Small Business Startups

I’ve seen it all too many times – a business plan for a small business startup that once the business gets going, their business plan simply sits on a shelf gathering dust. It’s sad to see this waste of time and energy. It really shouldn’t be that way. Worse yet, most business plans are put together for financing and nothing else.

A business’ start up business plan should be a valuable document in managing the small business. In fact, it should be a living thriving document critical to the success to the business. If your plan is not up to the task, then fix it or create a new one that is. Here are some critical elements to a good business plan that allows it to be a management tool rather than just a bother.

1. The business plan should be a realistic predictor of the future of the business. This is particularly true for a business start up.

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Writing a Business Plan is the Start of Your Online Business

If you are serious about the success of your online business then you need to find ways to give yourself every advantage you can over your competition. Writing a business plan for your company can be a crucial step in getting your profits to where you want them to be.

I. It is one of the best ways to motivate yourself and plan how to drive your business to the next level.
2. In case your business is just an idea in your head for a long time, writing a plan will materialize it.

A business plan can serve a couple of main purpose

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Why Do a Business Plan?

To Grow (Catapult) Your Business That’s Why.

When it’s in your head it’s not as likely to happen–too much missed.

Before becoming an executive business coach, in my previous career as an electrical engineer I discovered some key practical things about business planning that showed me how to explode the growth of a business.

When I was in college if I was asked to design something my designs always worked….on paper.

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