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Category - Business Planning

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1
Writing Your Business Plan In One Day
2
Your Challenge – Strategies For Next Financial Year!
3
How A Business Plan Grows Your Business Year By Year
4
Small Business Case Study in Business Planning
5
Small Businesses And An Uncertain Future

Writing Your Business Plan In One Day

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!

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

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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Small Business Case Study in Business Planning

One of the most frequently asked questions I get about business planning is:

“But I only have a small business – do I really need to prepare a business plan?”

My wholehearted answer is always “Yes, Yes and Yes!”

First, understand that any sized business without a plan is moving in the dark. There are no long-term goals, no real target. Any supposed goals you set for the year are actually parts of a giant to-do list because they are not coordinated toward a big picture that you need to work toward if you want to achieve your business dream.

Imagine going on a holiday without a plan, and just buying the first ticket that pops up. What would you pack? What currency would you bring? Where should you stay?

What do you want out of your holiday? If you wanted to go shopping but your unplanned ticket takes you to a remote beach resort, you’re not going to achieve your goals.

But just put the common sense of having a plan aside. People say to me, to justify their lack of a plan – “but it’s too hard, I’d rather just do it.”

Apart from “Do it? Do what exactly?” I show them how it’s not “too hard”, that it is a simple step-by-step process.

You just need the formula.

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Small Businesses And An Uncertain Future

As small business operators, our world is impacted by uncertainty.

Sometimes, from day to day, we’re not sure of the long-term loyalty of our staff; overhead costs like rents can trend up or down quite quickly; new legislation that we had not expected can change your trading landscape.

Even as we write our annual or other short-term Business Plans, we sometimes feel unready to look too far ahead. While planning for next year may be reasonably reliable, really small businesses rarely write long-term Strategic Plans looking ahead 5 or 10 years because we feel that we are unable to reliably predict the stability of the future.

So what are we to do as small business owners trying to reach a vision of the future in as steady and as planned a direction as we can steer?

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