Wednesday, August 31st, 2011 at
3:58 pm
Article by Humberto Harper
Growing – or Not Growing -Your Small BusinessSeveral small businesses need to and usually will remain small. Another enterpriseborn small with hope of becoming a giant – sometimes very big. TakeStarbucks, which began as a small Seattle coffee shop, and Apple Computers,which was first headquartered in a garage. When small businessesturn intogiant corporations, it’s obviously not by chance. Behind that growth is a well-thoughtout writing business plan along with the drive and the resources to get there. Butbecoming a big business isn’t for everybody.An entrepreneur who started a stereo shop in a small Illinois town a fewyears back created just the kind of friendly, cluttered, slightly disorganizedplace you’d expect to see in a college town. But the salespeople who workedthere really knew and loved audio equipment, and the business was stockedwith great components at very competitive prices, thanks to the fact thatoverhead was so low. The unbeatable combination of quality, service, andprice soon made the store a huge success – and the owner began to dreamabout expanding into a chain of stores throughout the Midwest.We’d like to say that this idea sounded good on paper, but the owner nevereven put his business plan in writing. He launched right into action, buildinginventory and leasing storefronts without once thinking about how he wouldfind knowledgeable sales teams, promote the new stores, or create an organizationthat could manage the jump from one shop to half a dozen. The laidback,disorganized style worked fine for a single store with a garage-worth ofinventory, but it turned out to be a disaster for the small chain. The lossesfrom the new outlets soon eroded the original store’s profits. Six monthslater, the owner closed up and went back to school, even though he’d alreadybeen through the school of hard knocks.A well-crafted business plan may have helped avoid disaster. But even beforethe planning, the owner should have asked one simple question: Do I reallywant to grow my business?Some small businesses are meant to remain small, and some business ownersare meant to run small companies. In this case, an entrepreneur loved audioequipment, worked well with his sales team, and had a great rapport with thecustomers who came through his door. But he wasn’t particularly well organizedor good at delegating – the two main characteristics he needed to runa larger operationhttp://www.absolutebusinessplan.co.cc
About the Author
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Monday, September 13th, 2010 at
10:10 pm
Free Resources
http://www.businessplandirectory.net/
Twelve things to do when writing your business plan:
Create a framework for the plan e.g. table of contents. Identify possible appendices, attachments etc. Estimate page lengths for each key section. List main issues and topics to be covered within key sections. Assign work programs based on the framework and lists. Draft all key sections in a logical sequence. Check the preliminary draft for completeness and plug gaps. Stand back and take a detached overview of the draft. Let an outsider or adviser critique the latest draft. Redraft, fine tune and spell check. Write the executive summary and plan’s conclusion. Get an independent assessment of the final draft.
Wednesday, August 4th, 2010 at
10:14 pm
You launch a new small business blog, and then writer’s block kicks in. What to do? Here are some tips to help you with ideas for new posts to your blog. Your blog writing style does not have to be textbook perfect, so informal writing is suitable as long as you check grammar and spelling. It’s okay to entertain as you provide information, too. Visitors will not expect literary works suitable for a Nobel prize when you create blog posts, so relax.
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Friday, March 19th, 2010 at
10:24 pm
The most important aspect of any internet home based business is selling your product, service or information. To build sales, you must post an advertisement about your internet business ideas and products or services which has to be seen by potential, qualified buyers and cause them to react to the ad in some way. Their favorable reaction will enhance your internet home based business.
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Saturday, March 13th, 2010 at
10:51 pm
Writing a business plan is very important for a small business. You have to explain your background, qualifications, experience and your capacity to implement the project. A good business plan is absolutely essential to convince the banks and financial institutions to lend you money for the project
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Tuesday, March 9th, 2010 at
10:16 pm
The saying that âcash is kingâ is never more true than for a small business owner. While large businesses may sit on huge reserves of cash and not be worried about borrowing when it runs low, a small business has to worry. A business plan for a small business should address these cash concerns.
Startup Cash
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Friday, March 5th, 2010 at
10:17 pm
Writing a small business plan should be guided by some standard general principles. The plan will especially be useful when it comes to seeking funds for the enterprise. The tone of the plan should be appealing enough to attract prospective lenders. All the same, so much in the content of the plan will be determined by the type of funding that one is looking for. All this is about the target audience.
The outline of the plan needs to be standard depending on the target audience. Think through the audience carefully so that you can determine which plan to adopt. Once you are done with the outline, gather the necessary information on what should be covered in the plan. You need to describe the nature of the business, the scope, the number of years in operation, number of employees and names of partners or proprietor. If possible, also include the market growth and customer profiles.
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Wednesday, February 3rd, 2010 at
7:51 am
Top Five Ways Writing Articles Can Explode Your Internet Business
Getting a high search engine ranking can be very difficult. Fortunately, there is plethora of website promotion strategies you can use to drive traffic to your website.There is a wide variety of strategies you can adapt, from paid advertising to affiliate marketing. However, most of these techniques require payment. Nevertheless, there are ways to promote your website and increase your web traffic without spending anything. Writing articles is one of the best web site promotion strategies you can use, and they can be very effective. How, you may ask, can writing articles help improve your web traffic? Here are the top seven ways in which it can help explode your Internet business.
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