Business plans

[jasonpat]

After the start up of business if every thing is going right then i dont think so there is need to refer the plans, if the plans are not going in the way as you think then you can refer these ideas.

[Blurock]

After the start up of business if every thing is going right then i dont think so there is need to refer the plans, if the plans are not going in the way as you think then you can refer these ideas.

A business plan is not something you do and then put it in the bottom drawer. Your business plan should reflect your ideals and your goals. These could be flexible and can be adjusted according to market and economic cycles. It can be an informal document for your own use, as opposed to the formal, nicely bound copy you provide to your bank or financiers.

If you do not constantly work at your goals and plan, you may find that you are being more reactive than proactive. The result is that you spend more time working in your business than working at achieving your goals. Make the business work for you, not you for the business.

[roryf]

I look at my business plan often, approx every 2weeks or so.It helps me not not get distracted with the day to day issues and to focus on key goals like long term goals.Short term goals are great and need to be looked after but I would rather spend more time on my long term growth.

[shani]

We draw up a business plan at the begin of every year. but it seem not very helpful. the business did not go to the way we expect.
After all, the social competition is too intense. is this a excuse?

Any way , every plan needs to be hard work for it , even we don not achieve it .
Do my level best and leave the rest to God's will.

[Dave A]

We draw up a business plan at the begin of every year. but it seem not very helpful. the business did not go to the way we expect.
After all, the social competition is too intense. is this a excuse?

I assume this means the business underperformed compared to expectations

There is a saying - "one of the signs of madness is doing the same thing over and over and expecting a different result".

Time to change the plan (or the way you draw up your plan), methinks.

[shani]

Hi Dave:

Yes , we need to change the way we are doing now. Thanks

[Blurock]

A business plan must also be realistic. Look at your mission statement. You can not become the best or the biggest if you are a small one man operation in Putsonderwater. But you can raise your game to compete with the best.

You can not be the number one player in the industry if your manufacturing capacity does not allow you to supply more than say 10% of the market. Your business plan may then include a 5 year plan to aquire the necessary equipment and resources to eventually give yourself a chance to become no 1.

If you set yourself unrealistic goals, you become disheartened and will eventually lose interest. Set small, achievable goals and reward yourself every time you reach that goal. This keeps the motivation going and will lead to more success as you will be in a winning and positive frame of mind. And as Dave rightfully said, don't repeat the same mistakes. If it does not work, change your plan. Get advice, do something different.

[stevefridel]

Business plan is very important to staring your new business. Everyone want to develop its new business and also try to plan its new business so they should get some good advice. You have to planing your business like how to develop in the world and you have to also plan to share your business online.