By default, most things worth having usually require a lot of work. A college education, a rock solid marriage, childbirth, and running a marathon are all examples of things that while we are trying to accomplish them, we often question whether or not we can, need, or even want to continue with all the hard work that is required. As we push ourselves to go on, we can\’t help but ask - is this really worth it? However, in the end, when it\’s all said and done and the smoke is cleared, we discover that we have accomplished something great, and it was well worth the work.
If you are a business owner, writing a business plan could be one of those great accomplishments that you discover is well worth the work. When writing my plan for Your Task Matters, I constantly wanted to convince myself that I could have a successful business without the hassle of writing a plan. But when it was complete, I realized that writing a plan was undoubtedly one of the wisest investments of time that I could have made for my business. And although writing a good plan requires a commitment, it doesn\’t have to be hard work. Here are five easy steps that can have you putting a business plan into place quicker than Simon Cowell can reel his next insult on another somehow clueless victim.
Step 1 - Start with a list. There is no point in discouraging or even overwhelming yourself in the beginning with lots of non-functional ideas of what you think a plan should look like. A list is simple and effective. Just write down every thing that you feel would be critical to the success of your business. At this point there are no wrong or right answers, but the more specific your list, the better. We will call these items your objectives. This list should also include details related to your business such as identifying information, services, target market, rates, etc. If you think that something is important to doing good business, write it down. A detailed list of objectives is key and will help you further down the line. If you are not certain about what to include in your list, go on line and look at templates of sample business plans, or do a business success keyword search to give you ideas to help get you started.
Step 2 - Categorize your objectives into identifying groups. This can be done by one of two ways. You can take your list of objectives, group the like items together, and then give each group a category heading. For example, if your list included the following objectives: 20 years experience; limited local competition; and high demand for product, then you might group these items together under the heading “Strengths”. The other way that you can categorize your objectives is to make a draft table of contents listing any categories that you feel should be part of your business plan. An example of this approach is that you can make a table of contents listing categories like the following: Services; Market; Foundations for Success; SWOT(strengths, weaknesses, opportunities, threats) Analysis, etc., and then place each of your objectives under the appropriate category. If you have objectives that don\’t seem to fall into any of your categories, create a heading that will properly identify your objective. You don\’t have to have a lot of categories, just as long as you\’ve captured all of your objectives. Once you\’ve created all of your categories, add additional objectives that you didn\’t think of before that may be beneficial to your business.
Step 3 - Identify a strategy for implementing each objective on your list. This will probably be the most time consuming portion of the process for most, but also the most important in my opinion. It will involve well thought out processes, research, and some basic projected analysis. If one of your objectives is superior customer service, then your strategy for implementing it might be to return phone calls within 24 hours, or to send a thank you card after every sale. This step will help you to consider exactly why you chose each objective that you\’ve listed, verify it\’s criticalness to the success of your business, and then figure out a plan for how you can continually and successfully implement it as a core routine for your business. During this step you may also discover that some of your objectives overlap and can be merged together to save you some work.
Step 4 - List your goals. Identifying your short and long term goals is an excellent tool for evaluating whether or not your current strategies are working, or if you need to re-assess the plan that you have in place. Mapping out your goals by what you would like to have accomplished within 3 months, 6 months, 12 months, 2 years, and 5 years will help you to measure whether your business is on schedule, behind schedule, or ahead of the schedule outlined in your plan.
Step 5 - Format, edit, and tweak. Even if you plan on being the only person to ever view your plan, you should still take the time to format your plan into something presentable. Create a brief overview identifying your business as a sole proprietorship, LLC, etc., along with a description of your vision, mission, and values for your business as a short introduction. Check your spelling, grammar, and punctuation, and underline, highlight, and bullet where necessary. Even though this is the final step, do not be surprised if your plan isn\’t as complete as you would like. Ideally, at this point you should have what I would call a “growing” plan. It should be a solid foundation for which you can begin to build on, and as your business grows, or heaven forbid, doesn\’t, you will be able to modify it accordingly.
In closing, I want to reiterate just how critical a business plan can be to the success of your business. Take the time to sow the seeds of knowledge, experience, and resources into a business plan that will reap success for you.
Cassandra Ewing
Your Task Matters
Errand & Personal Assistant Services
http://www.yourtaskmatters.com
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