At this time in mid-November I was just about where I was sales-wise the year before, but I'm happy to say that by sticking to the business plan that Norman and I had worked on over a period of five to six months I reached my goal and as a result increased total sales for the year by 8%! (and my business usually takes a slight hit in sales during the holiday season). I now have a solid goal set for this coming year and I am extremely confident that I will attain it by using the skills and processes that Norman helped me to set in place. I highly recommend Heritage Hill Partners to any business owner reading this who is so busy with the day to day activities that's there's not enough time for you to plan for the future and
grow your business.
Read the entire Executive Coaching Testimonial.
— Josh Donovan,
South Shore Business Checks & Printing
Business News & Articles » Your Business Plan Will Become Your Partner
Are you planning to start a new business? Or are you considering expanding your current business and require a bank loan or investment from outsiders?
If you are going to look for an investment of capital it is quite likely that you will be required to have a business plan. If you are starting a business, despite the work involved, a business plan can prepare you for the obstacles ahead and help ensure your success.
A business plan is something that many small businesses fail to create, however, many business owners are adamant that having a written business plan is one of the keys to their present success. Creating a business plan forces you to contemplate possible obstacles to your business and prepares you to find solutions that will help you to overcome them.
To find investors or get a bank loan, they will want to see that you have the experience or resources to run the business. They will want to see your projected income as well as your suggested repayment plan already laid out. Taking the time to do this is not only important for them, but it gives you a measuring tool to verify if your business is growing properly. You can gage your success on how close to the plan your business has actually performed. Perhaps you'll do worse, or perhaps you'll do better, either way it helps you determine how well your business is getting on.
If you have never seen a business plan before you may be concerned that is is too difficult a proposition for you to manage on your own.
While there are services available where you can hire someone to write a business plan for you, depending on your needs it may be wise to familiarize yourself with a business plan's layout. This will not only help you to provide the necessary information, but may encourage you to try your own hand at it.
Your Business Plan will become your guide and silent business partner-indicating where you need to improve and helping you stay one step ahead of your competition. Make it a priority to have this crucial road map for your business.
Executive Coaching & Consulting - Boston, MA
Copyright © 2011 Heritage Hill Partners Inc. All Rights Reserved | Interactive Palette - Web Design Company