I was on a social media site specific to businesses this week, and came across an article written by one of the businesses owners about start up companies. Considering I am a start-up company, I became very interested in what this person had to say. One of the issues that shocked this writer was how very few start-up companies have a business plan.
The more I read, the more I realized how important it is to have this plan. Anyone who knows me understands that I can’t survive on a daily basis without an agenda. My poor daughter learned that word by about age 3 or 4 and would ask me regularly what our agenda was for the day. A plan helps me feel safe, secure, and focused.
In relation to my business, though, I have a plan in my head, but it is not on paper. I looked at several sites this week with examples of business plans and felt that this is an overwhelming task for a start-up company. Even though the plan in my head is totally in line with the business plan templates, on paper the task looks daunting.
A little discouraged by this monumental task, I searched a little further and found a website with a free template for a “simple business plan” (https://www.va.gov/osdbu/docs/vepBusinessPlanOutline.pdf). I put simple business plan in quotes, because you will see it and think it is still a little overwhelming, but a very good document. I would encourage all of you entrepreneurs out there, if you haven’t already written down your business plan to please do so. Then I would suggest you review it often, make modifications when necessary and analyze whether or not you are following your plan. Maybe it will keep you focused and help to increase your profitability.
As always, if you are in need of help with the financial side of your business, give me a call, text, or send a quick e-mail. I will be happy to discuss options with you.