This article contains 7 key steps whic hmust be included in your business plan if it is going to have any chance of succeeding. An Award Winning Entrepreneur takes you through each step so that you can get a better understanding of how to make your business work.
Let's face it, anyone who is brave enough to go into business must have a business plan if they are going stand any chance of success. Whilst there is lots of hype surrounding Business Plans and what information they should contain, the most important element of any business plan is 'Action'. Learn How To Write A Business Plan with the following 7 key steps.
Business Plans usually detail the type of product or service you are intending to offer, and they can also predict your annual turnover/net profit, but without an 'action strategy' the business plan will fail.
Whilst a business plan can contain anything you want, i strongly believe that the following 7 key factors must be included in your plan if you are going to make your business a success:
1. Vision
Your vision is important and it is essential that you spend plenty of time thinking about it. Once you have a clear picture in your mind of what it is that you want to achieve, write it down in your business plan.
2. Action
Now we start to get into the nitty gritty of your business plan - Action. What a great word! The reason why it's a great word is because it means that you are going to DO something about your vision. Now in order to achieve your vision it could take many years, but it is 'action' that will get you to your vision, and nothing else. So, write down in your business plan what action you intend to take and in what timeframe.
3. Results
What will the results look like? Next up is results - what do you want the end result to look like? Again, write down exactly what you want after the 'action' has taken place. Maybe it's a product that you want designing or even a website. Whatever it is you are aiming to achieve, be sure to write down what the end result will look like.
4. Influence
Who is going to help me? Whatever we decide to do in life we all need help at some point. The same applies in business. Write down who is going to help you get to the end result. What are their names, what are their strengths, and how are they going to help you? Decide when it is you are going to make contact with them in order to start the ball rolling.
5. Confidence
Confidence in your product or service. Are you 100% that your product or service will sell? Is there are market for it? Is your product or service better than your rivals? If your business has any weaknesses, and you must be honest here, then write them down and take 'action' in order to improve them.
6. Perseverance
If you want to achieve anything in life then you must work hard. In business you will have to work even harder! Write down how much time you are going to commit to this project and how hard are you going to work? Remember that 'action' will drive your business forward.
7. Caring
The final factor is 'caring' for your business. If you don't care for your business, it will fail. Caring should come naturally and if it doesn't, then you should take positive steps to put it right!
Good luck with your business and if you implement the above 7 steps then you won't go far wrong.
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