Tag - business planning

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What You Might Not Know About Business Plans
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Start Of The New Financial Year – Time To Write Your Business Plan!
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What Type Of Business Plan Do You Need To Grow Your Business?
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Why Most Small Businesses Fail Within 5 Years
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5 Ways Writing A Business Plan Can Help You Grow Your Business

What You Might Not Know About Business Plans

If you are a small business owner looking for a reliable, structured way to grow your business your way, then you probably already know that a business plan can integrate all of your ideas about how to grow your business. You will probably have read and watched my blog post talking about how 80% of small businesses fail within the first 5 years, and of those that survive, the majority describe themselves as “struggling” rather than “successful”.

But here’s what you might not know – even if you are lucky enough to be running your small business without feeling the frustration of putting in all the hard work every day but feeling like you’re not getting anywhere fast, having your own comprehensive and actionable business plan will let you define exactly where you want to get to, help you get organised by setting long, medium and short-term goals, set you up with a clear strategic direction and effective strategies to implement to get you there, and allow you to write detailed step-by-step Action Plans that you can implement on a day-to-day basis to keep you on track toward your ultimate goal.

However, even though the need to write a business plan is a no-brainer, the actual process of how to write an effective and actionable business plan is anything but! Read More

Start Of The New Financial Year – Time To Write Your Business Plan!

In the blink of an eye, we are more than halfway through the calendar year and already two weeks after the start of the new financial year!

If you’re not careful, another year will slip by you where you haven’t really done much to make your business the success you want it to be. Now I’m not saying you’re not working hard, in fact, I’m saying exactly that: “you’re working too hard in your business, but not hard enough on your business!”

Don’t you think it’s time that you really did something other than work hard for no real progress toward your ultimate goal of a successful business that fulfils your passion and your dreams, gives you a great income and a balanced lifestyle?

The start of a new financial year is just the time to do something different. Read More

What Type Of Business Plan Do You Need To Grow Your Business?

A well-written, actionable business plan defines exactly what you want your successful business to look like and be like.

A good business plan examines where you are now and then takes you through step by step strategies to get you where you want to go.

An excellent business plan sets up systems to ensure you implement and follow through so that your business plan automatically set your priorities and create organisation out of day-to-day chaos.

The question is what type of business plan do you need to grow your business your way?

Read More

Why Most Small Businesses Fail Within 5 Years

Business Plans Help You Succeed

Through all my years in business advising small business owners, I constantly watch for trends and statistics affecting small businesses. One of the most consistent statistics I always see whenever I check for the latest trend is the statistics that 8 out of 10 startup small businesses fail within the first 5 years.

That’s such a consistent statistics through the years that there must be something behind it. Surely 80% of small business owners can’t possibly be poor business people?

Read More

5 Ways Writing A Business Plan Can Help You Grow Your Business

If you own a new or relatively new small business, and you are feeling frustrated working hard every day but not getting any closer to your goals, you need to read this.

Once you understand how a Business Plan can help you move from chaos to a cohesive series of steps to grow your business, you will know how to remove the stress and frustration from your life. Read More

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