Doing private as well as volunteer advisory work for SCORE,
I’ve had numerous inquiries for help on the development of an effective
business plan. There seems to be a lot of confusion as to the importance,
purpose, value and application in having a well thought out plan of action for
moving your business forward.
·
One of the keys to putting together a well conceived
plan is to make it yours. I have read a couple of thousand plans over the years
and the majority are geared towards impressing service providers such as a
bank, leasing companies, etc…
·
Many of those providers have read hundreds of
plans and will be the first to tell you that trying to impress them with an
inaccurate game plan is a mistake. This is especially true when it comes to the
numbers and financial projections.
I will be concentrating on game/business plans over the next
few months. Always remember it needs to be a plan that is a working document to
guide you towards business growth.
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