- May 24, 2021
- Posted by: Dennis Major
- Category: Business Growth, Business plans, Competitive research, Economics, Finance & accounting, Moore Financial Services
The Decision to have or not Have a Plan
Which Business Owner are You?
Are you a business owner who has a business but never got a business plan written up? Do you envision starting a business but don’t know where to start?
A business plan is where you start, however, you must know your industry. Even if you are hiring someone to prepare your business plan for you, most likely, you will want to do research on your competitors – the top three to four competitors in your market.
A business plan gives you a written clear view of how to start and where you should finish. Furthermore, think of a business plan as a GPS for a destination that you have never been? Would you consider taking a trip to a place you have never been without a GPS if you decided to drive yourself? Would you consider taking a road trip without first counting the cost of the trip? If you answered no to those questions, then whey would you consider starting a business without a solid plan?
Many people say, “I have the plan in my head.” They may even say, “I have some goals written down.” That’s not enough. It’s written, “Write down the message I am giving you. Write it clearly on the tablets you use. Then a messenger can read it and run to announce it.” Habakkuk 2:2. How does this verse apply to you in business? It shows the importance of writing down the message. No one can read a message that is in your head.
Building Your Business House
Would you build a house without a blueprint? Hopefully not because, the house may provide some sort of a shabby roof over your head, but it will most likely not be a solid home that will protect you and your family for years to come. Do you want to have a solid business with a clear view for those who are placed in your business’ life to be able to read and help you implement your plan? How you answer these questions will determine your difficulty in starting and running your business. If you fail to plan, you are automatically planning to fail. Even if your business is doing okay, if you never had a plan drawn up, you are most likely having difficulties running your business and don’t even realize it.
Business owners are often working their hands to the bones without a plan. Furthermore, once they received a clear plan, they are able to run their business with ease. Why? The map or the plan orders the steps to run the business – the plan is laid out. So what are the basic parts to a business plan? Read below to find out.
There are five parts in a business plan.
- Executive Summary. The executive summary is the most important part of the business plan. …
- Company Summary. The company summary is the next critical component of any well-formulated business plan. …
- Market Analysis. …
- Management Team. …
- Revenue Projections.
Oftentimes, you will need a professional business plan writer to prepare your plan. Why? Because there is certain research that must be done to prepare the plan. https://www.bizcreditmovement.net/see-business-plans/
Yes you can hire our company to establish a solid business plan for your business. Book a consultation on the home page and start building your business properly. We want you to succeed.