BUSINESS FUNDAMENTALS
How many times have you heard someone say, "you don't actually need a business plan"?
I'm willing to bet that you even know a few companies who started without a business plan of their own, and they seem to be doing okay.
But I have a question for you: would you trust a builder to construct your home without first drafting a blueprint? Wouldn't you insist that your builder follow a concrete, well-thought-out plan to create something so valuable and vulnerable?
A business plan is a vital and dynamic blueprint for your business.
A business plan outlines the direction that your business will go, how it will get there, and the projected results. A business plan changes over time to reflect changing markets, objectives, and your business's financial capacity.
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Among other things, a business plan enables you to:
Most importantly, a business plan requires you to sit down and figure out who your company is really about, what it actually does, and why it does it. By determining these fine details, you can start to look at your target market, create strategies that reach your dream customers, and start making money.
Everything we do that lasts must start with a great foundation. We must create the vision of what we want to accomplish, then seek the knowledge and understanding to make it happen.
What is your business model? How will you design your model for the successful operation of your business, identify revenue sources, customer base, products, and details of financing?
If you don't know how to answer those questions, reach out to us here at BizAcademi and we'll work through them with you to find the answers you need to make your business sustainable now and into the future.
A business plan is a vital and dynamic blueprint for your business that outlines the direction in which it will go, how it will get there, and the projected results.
About Linda Prafke
Linda has assisted over 800 people with opening their own businesses, has delivered thousands of hours of training, and helped over 1100 women make informed business decisions.
Linda's primary focus is on the development and growth of small-to-medium enterprises. She has over two and a half decades of experience as a consultant specializing in strategic planning, market research, and business assessment, planning, and development.
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