Most Underused Tool in Business❓Planning sucks...or does it? Until we see what we can accomplish, it's a grind and easier to resort to doing what we know needs to be done to get the job done. We chase those daily tasks we're comfortable doing in our business.
Category: Business Structure, Business Operations
It's overwhelming to imagine what hasn't happened yet, but our imagination is strong when it comes to what we'd like to see happen for our success.
a. Have you drafted a business plan yet?
b. Have you updated your business plan for the new year?
A business plan outlines:
✅ Products or services
✅ How it will earn revenue
✅ Leadership and staffing
✅ Financing
✅ Operations model, and
✅ Other details crucial to internal decision-making and external communication
🎯 Goal: A plan also assists with preparing for contingencies when things don't go according to plan. The best part of all? It allows us to see when and what we can celebrate when we achieve our goals. goals.
Drafting a business plan serves several purposes, such as:
✅ Helping entrepreneurs clarify their ideas and strategies
✅ Identifying potential problems and opportunities
✅ Attracting investors and securing funding
✅ Guiding the growth and development of the business
✅ Communicating the business’s goals and plans to stakeholders, employees and partners
🚧 Actionable Item: Watch this video on what's NOT a business plan.
Other videos related to how crucial a business plan is when you least expect it and how so many businesses were stalled in their financing plans because of this oversight.
Why you need a business plan:
Part 1: 3 Reasons You Need a Business Plan
Part 2: 3 Reasons Why You Need a Business Plan
💥 Download these documents related to crafting a business plan:
https://bit.ly/BizPlanBasics
Basic Outline
Sample Template
Find out more about the project: https://auroraconsulting.biz/lets-glitch/
Welcome to the Biz Glitch 366 series where we discuss 366 mistakes that we've made and seen in business over 6 decades collectively.
We'll share a mistake of the day aka GLITCHES. We've organized the 366 glitches into 21 categories. Accounting, Bookkeeping, Branding, Business Growth, Business Operations, Business Structure, Credit Score, Culture, Customer Service, Cyber Security, Financing & Financials, Human Resources (HR), Insurance, Marketing, Mindset, Legal Issues, Outsourcing, Sales, Technology, Training/Education, Website Management
WHO WE ARE:
60+ years combined of owning, running and managing businesses and working with thousands of business owners to understand how business can be fun or it can falter.
Know ahead of time what mistakes to manage and what problems to prevent...BECAUSE THEY HAPPEN!
https://auroraconsulting.biz/lets-meet/
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