Business Planning | Teik Oh

Starting A Small Business With A Plan

Aug 31 2021

We continue with our series of “how-to” articles on starting your small business and this week we will look at how having a plan can help you start your business, and begin its growth life-cycle.

It never ceases to amaze me that there are studies after studies that are conducted in various countries and years apart that come up with the same result.

Invariably about 80% of startup businesses are no longer in existence within 4 or 5 years of startup. Many of these studies dig deeper – and find that the number one cause of why people think their business failed is because they did not have a Business Plan.

We know this. Yet the cycle repeats itself.

So, you heard it here – if you are starting your small business, prepare your Business Plan.

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How To Action Your Business Plan Strategies

Jul 13 2021

All this month, I have been offering new members access to my One Day Business Plan Program, at a discount of 20% from the usual price of $499. You can read more about the One Day Business Plan Program here, and if you want to take advantage of what the program offers you, you can use the discount coupon to obtain the 20% discount – but only until the end of July 2021.

To get the discount, purchase the Program and at checkout, enter the code ODBP0721.

At the same time over the last few weeks, I have been writing about how a Business Plan can help you grow your business and create order and organisation in the day to day strategies of your business.

Some people have written to me to ask how they can implement their strategies once they have written them out in their Business Plan, so let’s look at how to do this.

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Writing Your Business Plan In One Day

Jul 06 2021

I offer an online Business Planning product called “Your One Day Business Plan.”

It is a timed, video-based training and workshop product to guide small business owners in the step-by-step preparation of their Business Plan.

When I tell people about it, their immediate reaction is, “How on earth can you prepare a Business Plan in one day?”

Well, you can, because it is based on using your knowledge of your business and inserting it into a step-by-step formula that considers your goals and how to achieve them. If you bring your intimate knowledge about your business and where you want to take it, I will bring the formula that you follow.

But first, let me show you how you can prepare your Business Plan in one day.

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Your Challenge – Strategies For Next Financial Year!

Jun 29 2021

At the end of a financial year, you should be thinking about what you are going to do in the next financial year to grow your business and take you on the next stage of your journey to your most successful, ideal business.

Think of business building as a series of steps that you take along a roadmap, the direction chosen so as to get you to your idea of your successful business as quickly as possible. Each year, you should be taking another step in that journey, always aiming for your ultimate desired outcome for your business.

Well, here’s a simple five-day challenge for you to take, to choose some clear strategies for your business in the new financial year.

You will only need a couple of hours a day for the next five days to set the direction of your business, and in doing so, clearly define your strategic direction for your business – where it needs to go and how it needs to grow in order to make it a successful business for you. In doing this, you will effectively mark out what needs to be done next year, and as new opportunities or any changing circumstances arise, allow you to decide if they help you get to your ultimate goal, or if they are merely distractions to be ignored.

That is a powerful situation to be in, avoiding overwhelm and constantly changing tactics, never knowing what really works for your business until you’ve done it – and mostly find you’ve wasted your time!

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How A Business Plan Grows Your Business Year By Year

Jun 22 2021

When I am asked why a small business needs a Business Plan, my answer is simple.

“Don’t you want to grow your business?”

It is that plain and simple.

While a Marketing Plan may grow your sales, a Business Plan directs the growth of your business your way. And it does this year by year.

But first, what do I mean by “the growth of your business your way”?

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Increase your sales through a highly focused marketing plan!

SMART Marketing: In this book, the owners of a small business are led through the SMART Marketing 7 Step Process to produce a marketing plan targeted at their most desirable customers. Any business can use these principles and in 4 to 6 weeks implement a plan to get them through the door! Find out how...

The SMART Marketing Workbook: Companion to “SMART Marketing”, this workbook sets out the SMART Marketing process in 7 workshops for you and your staff to complete questionnaires and templates that at the end, form the marketing plan you need to sell your REAL product to your REAL customer! View now...

Category - Business Planning

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Starting A Small Business With A Plan

How To Action Your Business Plan Strategies

Writing Your Business Plan In One Day

Your Challenge – Strategies For Next Financial Year!

How A Business Plan Grows Your Business Year By Year