Do you worry about your business never being able to run without you? I learned the other day the U.S. Census Bureau reported that 85% of U.S. businesses depend on the owner to run the day-to-day operations. 85% of U.S. businesses depend on the owner to run the day-to-day operations. Click To Tweet So chances …
A business plan isn’t complete unless you have a solid understanding of how much it’s going to cost to run the business.
“Is there anyone here who, planning to build a new house, doesn’t first sit down and figure the cost so you’ll know if you can complete it? If you only get the foundation laid and then run out of money, you’re going to look pretty foolish.” ~ Luke 14:28
All too often I see entrepreneurs set out to build a business on a great idea, with no clue if they can pull it off. This usually leads to a great deal of stress, loss of money, lack of relationship, etc.
While I’m usually the first person to celebrate with you about your great idea, (High I and D) I’m also going to be the first to push you to process through every possible income and expense of your new venture, because truthfully, desperate doesn’t sell!
Some things to think about for your business plan budget…
For weeks now, we’ve been outlining a business plan according to CLo; all the things I utilize when it comes to putting together a business plan.
Today, we’re looking at what it takes to get to the “open door phase.” When I say that, I mean what it takes to literally open the doors, be ready for business and start selling your products or services.
I have seen too many entrepreneurs create a decent business plan only to have no way or no one execute it. The question I always ask is, “What work needs to be done and who’s going to do it?”
Here’s a list of possible needs to get the business off of the ground…
Business Plans I’ve been writing a series of posts on business plans – why you need one, how to write one, the importance of mission and vision, etc. I wanted to talk about it on the podcast because it’s a topic that comes up all the time. Subscribe to the podcast: …
Business plans don’t have to be insanely difficult to understand, or use more paper than a Grisham Novel. But they can’t be done on a cocktail napkin either.
That’s why we’re spending some time lining out what I like to see in a business plan. So far we’ve covered Why You Should Write A Business Plan and Business Plan Mission And Vision, and now we’re on to…
Without Mission and Vision, you’re just another product on a shelf! Last week we talked about Why You Should Write A Business Plan.
This week we continue the series and discuss mission and vision. Now, I can tell you that I’ve had everyone and their brother argue with me on the definitions of mission and vision.
So let’s just say for the sake of this post that mission is what God is telling you that you’re supposed to do, and vision is where you’re going. If you don’t agree with that, it’s ok, you can be wrong, I don’t mind.
When it comes to writing a business plan, I believe it is imperative for you know…
Last week, we kicked off a content series around starting a new business with the How To Fund A Business video. Many of you have asked about how to write a business plan so today we start with the WHY.
While I’ve seen some businesses make it without a business plan, I’ve seen a TON of businesses very sadly close their doors because they never had a plan to start with.
You’ve heard the old saying, “Few people plan to fail, but many fail to plan.” So have a plan!
For me, there are three main reasons to write a business plan…