LINKING FAILURE TO BUSINESS PLANS

If business plans are so important, why don’t more people use them? 

I’ve been asked that many times since I started this blog and I really don’t have a solid answer.  I do know that people that write a business plan and follow it are 50% more successful and are less likely to go out of business within 3 years.  Companies with a Business Plan have 63% higher revenue growth and 100% more profit than ones without a plan.

So, let me ask you; “Why haven’t you written a Business Plan yet?”

Without a Business Plan, here are some of the problem areas that won’t be addressed:

• Poor Management Systems
• No Overall Vision
• Lack of Market Planning
• Not Understanding the Competition
• No Strategic Plan
• No Established Performance Measures
• Inadequate Financial Planning

I can just see you now.  You will be like a firefighter stepping on each of these areas and trying to put out the fire while another bursts into flames.  Soon, you’ll look like a drunken clog dancer and finally you’ll just fall over and your business will fail.

Please, start preparing a business plan today.  Then you’ll be ready when this housing recession ends.

If you don’t have a clue where to start, just drop me a line and I’ll send you some info….FREE, of course.