Business Planning

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Business Planning for next Year or even Next Season, Make One Now!

As you all know deciding on the right Item or Blog Topic is very important! That is a given, however small in the real picture of a successful business. There are several things in business you must consider. The best way to deal with this is making a business plan.

What is a ‘Business Plan’

A business plan is a written document that describes in detail how a business, usually a new one, is going to achieve its goals. A business plan lays out a written plan from a marketing, financial and operational viewpoint. Sometimes, a business plan is prepared for an established business that is moving in a new direction.

What is Your Plan for Next Year?

Here is a Business Plan PDF

Use this or get ideas to make your own

If you would like more information on planning for Social Media

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A business plan must also include a set of financial projections for the business. These forward-looking projected financial statements are often called pro-forma financial statements or simply the “pro-formas.” They include the overall budget, current and projected financing, a market analysis, and its marketing strategy approach. In a business plan, a business owner projects revenues and expenses for a certain period of time, and describes operational activity and costs related to the business.

PDF on Money Management

Things to consider

If there are any especially interesting aspects of the business, they should be highlighted, and used to attract financing. For example, Tesla Motors Inc.’s electric car business essentially began as only a business plan.

A business plan is not meant to be a static document. As the business grows and evolves, so should its business plan. An annual review of the plan allows an entrepreneur to update it when taking evolving involving markets into consideration, and it also provides an opportunity to look back and see what has been achieved and what has not.

Time Management must be considered in all business plans.

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Additional Information on marketing with a Business Plan

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Business Model Plan

You must use a model for your business to have a complete and functional business plan that leads to successful operating and opportunities

You must also include your personal health in your business plan.

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Great Blog I found on doing an Annual Review

How to Run Your Own Annual Review
Forget Resolutions—Here’s Your Blueprint for Making Next Year a Smash

Shipping Business Plan Tip

A simple calendar can be used to keep track of when you need to ship. Always make sure that in your business plan to ship same day, the day before the post office closes.

When it comes to setting goals, which is harder: Deciding what the goal should be, or following through once you make your goal?

Roger Keyserling

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