Continued from page 1
Now you can get as detailed and exact as you want with these, and get ready to use your imagination. I had a lot of exact figures to use with my business plan, but I still could only estimate what my sales would be. And Iím sorry if I get complicated at all, Iím going to try to keep it as simple as possible.
The first thing you should set up is your goals for your business. Make a list of everything you want to achieve with your new venture. I think most important one being how much do you want to make each month. How much do you need to make every month to truly live way you want to live? Donít worry about this being too high, this is usually a long term goal.
Then looking at this monthly goal youíve set, look at your business and figure out what it would take to reach that goal. What would you have to do each month to reach that goal? Again, donít be shocked, this should still be long term. And donít be afraid to spend some time playing with different ideas in this part of your business planning.
I do want to bring up something real quick, as it can relate to this part of your goal setting. Iím in Multi Level Marketing, and Iíve tried many different types of MLM and companies. Over years there is something Iíve learned. If youíre looking for a high income quickly, MLM companies are ok, but I suggest ignoring MLM side of company. Reason being is that multi level marketing at its roots is a slow income producer. You can make a lot of money, but it will almost always take a long time to build up to even a decent income. Unless of course you have hundreds of thousands of leads you can send your new program too (Do Not SPAM), and even then nothings guaranteed.
I recommend focusing your time and goal setting to retail end of your business. Donít ignore MLM side, but donít spend too much time on it.
Once you have figured out what you need to do each month to reach your goal, start working on how you can get there. Look at what you have now, what you need then, and whatís missing in between. Start planning and thinking of ideas on how you can get missing pieces you need to achieve your goals.
Iím not spending too much more time on this step, but this is a step I highly recommend you spend a lot of time, and put some serious thought into. And in case you didnít notice, this step basically involves working backwards to find out how to reach your goals. Iíve found that many problems can be solved if you look at goal first, and work backwards to find solution.
The basic goal you want to get out of your business plan is exactly what a business plan should be designed for. How are you going to run your business? What are your immediate and long term goals for your business? How are you realistically going to achieve these goals? What will you have to do to achieve them? What are you willing to do to achieve them? Your business plan should tell you exactly how you are going to run your business, what you will do daily, weekly, monthly, etc. and how you need to coordinate your time to finish your tasks. You should be able to look at your business plan every day, and know exactly what you need to do that day.
This step is also an important step to make sure you have chosen right business. This is where many people might realize they canít realistically achieve their wants and goals or even needs in business theyíve chosen, or at least by when they want or need them. This is also why I recommend not investing to much into a business until youíve completed this step, looked over and analyzed business youíve chosen.
After youíve completed your business plan, and everything looks good, itís now time to get to work. Whether youíre going to be doing your business full time or part time, you should stick to your business plan. Go over your tasks daily or weekly and make sure youíre following everything way it needs to be done.
You need to stick to it. Remember, youíre in a business that you love. You have a great product that everyone needs or can benefit from or whatever it is for your product. Your excited about your business, and you donít have a problem telling everyone you meet about it, especially if a related topic comes up in conversation.
This may seem like its too complicated or too much work, but thatís what business is. Any successful business takes work to get there. Iím not saying you have to punch in 40 plus hours into your business to make it successful or to get what you want out of it. But I do know that more youíre willing to put in to what you do in life, more you will get out of it.
Owner of Zephyr Air and a 22 year old entreprenuer. Not the auther of any books, just like to help people when I can. www.zephyrair.com