The Business Plan of Attack Yelm WA

More than an idea, a business plan is a literal blueprint for business success. Simply defined, a business plan is a special document which entrepreneurs use to map out key details of their businesses, and to plot their short- and long-term plans for future success.

South Puget Sound Community College
(360) 407-0014
665 Woodland Square Lp. SE, Suite 201
Lacey, WA
 
Passageways Counceling and Coaching Pllc
(360) 455-1177
677 Woodland Square Loop Se
Lacey, WA
 
Business Coaching & Consulting Inc
(360) 455-4790
6825 Fairway Ln Se
Olympia, WA
 
Big Bend Community College
(509) 762-2373
7662 Chanute Street, Bldg. 1800, Room 1857A
Moses Lake, WA
 
Highline Community College
206-878-3710 ext. 5151
23835 Pacific Highway, Suite 102
Des Moines, WA
 
Business Coaching & Consulting Inc
(360) 455-4790
6825 Fairway Ln Se
Lacey, WA
 
Roderick Business Service
(360) 413-7587
2109 Westlake Dr Se
Lacey, WA
 
Conflict Management Strategies, Inc.
(253) 219-5532
PO Box 732102
Puyallup, WA
 
South Puget Sound Community College
(360) 407-0014
665 Woodland Square Lp. SE, Suite 201
Lacey, WA
 
WSU-Vancouver
(360) 260-6369
12000 NE 95th Ave. ste 504
Vancouver, WA
 

The Business Plan of Attack

Provided By: 

Don't Even Think about Starting a Business Until You Have a Plan

I always have lots of ideas. But I’m not the most organized or efficient person. To get anything done — and especially to do it well — I need to write things down in detail.

That’s where business plans come in handy. More than an idea, a business plan is a literal blueprint for business success. Simply defined, a business plan is a special document which entrepreneurs use to map out key details of their businesses, and to plot their short- and long-term plans for future success.

Of course every businessperson has a “business plan" in his or her head. But there it’s of little use. A general notion of where one wants to go and how he or she will get there rarely gets optimal results. But goals that are written down in concrete form are more likely to be achieved. That’s why self-improvement experts always urge others to write down their goals.  

External and Internal Uses

A Business Plan is useful for such purposes as:

External

· Obtaining loans

· Attracting partners or investors

· Gaining new clients

· Getting grants

· Educating others about your business

· Selling the business

Internal

· Planning and sharpening your focus

· Reminding you of your goals

· Keeping a group on the same page and clarifying objectives for everyone

· Measuring progress

External uses are the most common impetus for business owners to write their business plans. A loan is suddenly needed, so a plan is whipped up and submitted. In the absence of such external pressures, no plan is made.

But internal applications are of even greater importance, because the business plan is the compass that guides the entrepreneur. Just the process of writing it forces business owners to focus their goals in detail. Marketing offers a good example of a business plan’s value for internal planning.

Planning a marketing strategy requires careful thought, wise budgeting, and sound strategic choices. Not all media, for example, will be equally suitable for your needs. In this section, you should address such considerations as:

· Budget

· Target Market

· Positioning Strategy

· Competition

· Media

· Timetable

· Personal Selling

You’ll need to spell out as many details about these and other marketing considerations.

Key Ingredients

Include the following key ingredients in your business plan.

Cover . Select a fine cover for your plan. It need not be expensive or fancy. You can get ideas in office supply stores. For a relatively small and compact plan, a flexible cover might be best. For a larger work, a hard binder might be preferable.

Cover Page . Identify your document: “Business Plan for (your company name).” Inclu...

Click here to read more from Home Business Magazine

© Copyright 2013 Home Business Magazine. All Rights Reserved. Privacy Policy | Terms and Conditions
Infoswell Media