1. The First Big Steps 7. Plan your business
2. How to Start a Business? 8. Checklist
3. Discover What Works 9. Methods of Trading
4. Follow this Checklist to Get Started 10. The Mighty Dollar
5. Location Location Location 11. 10 Tips for a Balanced Life
6. An Office Environment 12. How to Lower your organization's IT costs with Google Apps

Tuesday, June 12, 2007

Plan Your Business

One of the most common mistakes made by small business owners is poor business planning. Many think you only need it to get financing from banks. Actually, it's essential for your business to run efficiently and profitably.

On top of having a positive attitude, confidence and preseverance, having a plan helps you present your ideas to others in a formal and factual manner. Plus it lets you outline and evaluate all aspects of your business's viability and resources.

Reasons not to skip this crucial tool and roadmap:
  1. It will define and focus your objective, using appropriate information and analysis.
  2. You can use it as a selling tool with financial backers, investors, landlords, and banks.
  3. Your business plan can uncover gaps and weaknesses in your planning process.
  4. You can use the plan to get useful opinions and advice from experts and government agencies.

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