Why do we need a business plan?

Written by Cecilia Chang


Continued from page 1

A business plan is for a business to look further, allocate resources, focus on main points, and prepare for place of improvement and problems. However, many people think that this plan is for new business only. But they are also important for running a business towards success. Business need plans for better growth and development.

A simple plan includesrepparttar summary, mission, key to success, market analysis and break-even analysis. This result can show whether or not this business is worth to proceed with a detailed planning. But it’s not enough to run a business.

A detailed business plan consists of these points: 1Executive Summary 2Objectives 3Mission 4Keys to Success 5Company Summary 6Services 7Market Analysis Summary 8Management Summary 9Financial Plan

Most important factors in a business plan arerepparttar 137458 cash flow and how you go starting about it.

Why cash flow is important? We need to understand this term for success in business. Cash is often misunderstood as profits. But both are different. Profit is justrepparttar 137459 numbers showing in your account, it’s notrepparttar 137460 real cash in your bank yet. Many profitable companies close down due to cash flow problem.

Next is how we carry outrepparttar 137461 plan. This is where to show thatrepparttar 137462 plan works. It is forever easier said than done. Do you agree? The plan is just only words or theory unless you lead or guide your people to getrepparttar 137463 tasks done. Business planning is about knowingrepparttar 137464 outcome and improvement to your business.

Cecilia Chang is an internet marketer and articles publisher at http://www.articles.sgonliners.com. Her personal business blog is located at http://www.blog.sgonliners.com. She builds a human edited web directory at http://www.sgonliners.com. If you want to suggest and promote your site, please don’t hesitate to submit it.


How to increase productivity in your business?

Written by Cecilia Chang


Continued from page 1

3. Open-minded. Open yourself up to accept others advices or criticize. Do not just think that you are always correct and others are always wrong.

4. Effort. Put some effort on your people like remembering their names, ages and take some time out going to their important events like weddings...etc.

Amongrepparttar above points, understanding is very important one. Let's talk aboutrepparttar 137457 customer service provider. You must know that arguments between customers and front desk workers are unavoidable. Oftenrepparttar 137458 customer's demand is too high to fulfill.

Everyone has their mood swing thus sometimes giving bad customer service. In coincidence, when you met a bad mood salesperson, service might not be so good. But so asrepparttar 137459 case, you cannot assume thatrepparttar 137460 company is bad too. You cannot see one as a whole.

To sign a business contract, you can't avoid going to pubs or ktv for a drink. For these kind of understanding, you have to communicate with each other. When you understand each other, both side will be talking aboutrepparttar 137461 ROI (Return on Investments). Aren't you happy to know that?

Everything keeps changing, we also have to make some adjustments so as to adapt to these changes.

Sorepparttar 137462 way to success is to communicate well. When your business productivity rate is high, success will come to you.

Cecilia Chang is an internet marketer and articles publisher at http://www.articles.sgonliners.com. Her personal business blog is located at http://www.blog.sgonliners.com. She builds a human edited web directory at http://www.sgonliners.com. If you want to suggest and promote your site, please don’t hesitate to submit it.


    <Back to Page 1
 
ImproveHomeLife.com © 2005
Terms of Use