What’s going to happen when you or your business partner becomes incapacitated or dies? It might not be as simple as buying out your former business partner’s widow.
Tag Archives | business plan
In a perfect world you wouldn’t start a job unless your customers paid the entire price up front. Unfortunately things don’t usually work that way. It’s not impossible to get such favourable terms, but this all depends on your bargaining power (eg. if there’s little or no competition and your product/service is in high demand). Most small businesses do not have that kind of power.
Your business creates an impression in the mind of your prospects and customers each and every day. You have ability to ensure that it is appropriate, consistent and positive. How well does your business create the impression with your prospects and customers that you want to portray?
There’s one significant difference between people who succeed in life and those who struggle; their ability to set goals and achieve them. To have what you want in life, you can’t just sit back and expect it to happen.
How many times have you heard that expression? I wondered where it came from so I “googled” the quote and found that it has been attributed to several prominent people.
I have written three business plans for my own businesses. Two were for existing businesses and one for a Start up business (BOOST Business Coaching).
Everyone in business knows that it is good advice to write a plan. Yet many of us don’t know where to start and quickly get too busy at the beginning of each new year to set aside the time to get anything useful committed to paper, let alone actually implemented.
Yes it’s that time again: the big BP is looming. True it was already looming last year and I had done one version and started a second.
Many business consultants, mentors or coaches seem to think that getting their clients a business plan is the best thing since sliced bread (assuming you agree that sliced bread is better than a fresh, crusty loaf or baguette which smells divine!).
Planning is crucial, even more so if you’re running your own business. Preparing a realistic, working business plan can be the difference between you getting your hands on the required capital needed for your start-up, or your business closing up shop a few months or years down the line. As Churchill alluded to, planning can spare you a lot of unnecessary worry and grief.