- Created on Monday, 12 August 2013 16:37
- Published Date
- Written by Veronica Jorden
Today's featured military spouse provides a key piece of advice. To make a business work you have to really love what you do. But before you get started, it's important to do a gut check and make sure the idea you have really merits the effort of full blown business. The best way to help figure out if your idea is worth the effort? A business plan.
We've included some ideas on why it is so important to do a little planning right from the start from a business expert in Australia! Proof that good business sense is good business sense, no matter where you are!
Skilled Assets, LLC
"Make sure it is a labor or love! Starting a business is easy but operating a successful business is extremely challenging. My #1 piece of advice is to do a gut check on your concept before you jump head first. Are you truly passionate about the work? Do you see yourself chugging forward with confidence even with naysayers everywhere? Are you ready to accept the challenge of being your own manager in every sense of the word? If it is a work of love and you commit to making it work then the challenges that come with building a business will not stand in your way."
CEO & Founder
The Coaching Institute
Small Business Planning Is A Necessity To Get Your Business To Great Heights
If you happen to be determined about starting your own business, one of the most necessary things that you want to do is to make certain that you might have laid the foundations correctly. In order to achieve success, you will need to concentrate to your small business planning.
80% of small businesses fail in the initial five years, and one of the reasons is using a business plan which is not properly put along, researched or implemented. Several small business owners do not take the necessary steps to adequately prepare for the growth of their business and all of their exhausting work may go to waste as a result. If you are excited about starting your own business, it is necessary to remember that your small business plan should be at the pretty top of your to-do-list. Having a good plan would inspire you to maneuver through your challenges.
Small business planning serves as one rock-solid foundation, however would even permit for variations or change as your business continues to grow. If you have begun a business without having a plan, it is still not too late to create a plan for your business.
It's no secret that a lot of business owners are really frightened by the entire idea of small business planning. This is possibly because a lot of owners think that their small business will not need a big plan. Wait a minute! A good business plan will not need a massive file of jargon heavy pages. Although few files could want to be fairly extensive, it's your clear intention of where you need to go and an understanding of your market and competitors which is mainly essential. Anyone who could read and write can come up with a small business plan!
The outcome is to get clear regarding your business and your goals for your business. You may want to list out all the factors of your business, what course of direction you need to adopt, and what you want in order to achieve your outcomes. You can easily do that in only an hour...seriously! Write out the objectives of your business and the means you intend to meet these objectives. You may start out small and keep adding to it as your business begins to expand.
Once documented, you will be well ready for anything that would come your way and be ready to take your business to the next level.
About the Author
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