When Making a Business Plan there are many considerations but these few are absolutely essential.
First, decide what business you want to be in. I am not referring to the product or service you’re promoting, but rather, the end result or the “great end” that you are providing the customer.
For instance, I owned and operated a business for many years in the service industry. For me it was drapery cleaning, and the manufacture and installation of draperies, blinds and shades and related products.
That is what we did in the business but the business I was in was service!
Our particular specialty was to provide weekend or night service to commercial customers. Basically, if they had a problem revolving around window coverings we could take care of it for them. This is what I mean by saying you must first decide what business you are in. To answer the question by simply saying “the blind or drapery business” misses the point completely and would be of little help in making a business plan.
Free Business Plan Templates
Business plan templates are particularly helpful to those just starting an online business as these templates provide you with a format for the subject matter you are inquiring about.
A useful site for accessing free business forms for your new venture is Score.org. They have many templates for developing a business plan which are especially helpful. In fact Score also offers other types of business forms, templates and examples which include:
- Balance Sheets
- Profit and Loss Statement Templates
- Cash Flow Statement Examples
- Financial Forecast Plans
You’ll find that you’ll need these kinds of templates much more often than you would think initially. So, download any that you may need so you will have them, and/or bookmark the site for easy access.
You will discover this site to be a great time saver well worth your time now for future time savings.
Is the current economic recession a time to consider your options and try something new? Maybe your own recession prove online business?
Personal Responsibility is coming back into vogue
Consider now the huge companies and the number of people who are affected by the recent events in the financial industry. This is big. It will affect more and more people every single day. And it is not going away for several years. We are entering one of the biggest recessionary (probably depressionary) times of the past 100 years.
The good news is that we are also living in an unprecedented time in history when the world is very accessible via the internet. Yes, a recession is going to effect most everyone you know but now is the time to begin to make the necessary changes that can keep you ahead of the curve and stay in the game.
It’s the best time to start a business online. I recommend Niche Affiliate Marketing.