Writing A Business Plan

Written by Patrick Tan


Continued from page 1

Step 4: Development Plans - Organization structure. - Admin, compensational and operational policies. - Immediate plan - identified in step 3. What arerepparttar goals and objectives? - Mid-term plan - preparing forrepparttar 106770 next phase of growth. - Market penetration - increase our sales in existing market by encouraging existing customers to make more purchases and converting non-buyers. - Market development - offer our products to other geographical markets or market segments. - Product development - develop new products that meetrepparttar 106771 needs of existing customers. - Long term plan - Diversification. Make use of our existing resources to develop a new business.

Step 5: Financial Projections and Capital Budgeting - Prepare a pro-forma balance sheet and profit & loss statement for your proposed business. - The figures must be drawn from educated guesses based on an in-depth study ofrepparttar 106772 competitors or industry's financial performances. - This exercise will help us manage our cash flow better as well as determine repparttar 106773 amount of capital required to implementrepparttar 106774 plan.

The above guidelines are meant to illustraterepparttar 106775 thinking process behindrepparttar 106776 preparation of a business plan. You will haverepparttar 106777 business plan drawn up simply by providingrepparttar 106778 answers to allrepparttar 106779 above questions.

While it may not guarantee success, business planning helps to enforce discipline by making you think twice before takingrepparttar 106780 plunge. It encourages you to look inwards and outwards for answers and to evaluate your business ideas against various environmental and competitive constraints. Inrepparttar 106781 process, it helps to eliminate unnecessary mistakes and shortcomings.

In addition,repparttar 106782 planning process will help to develop your conceptual and analytical skills as well as sharpen your mind. Try it. You may find yourself a few steps closer to your dream of becoming your own boss.

The Complete Book of Business Plans by Joseph A. Covello, etc http://www.aloha-city.com/bookshelf/writing.html

One ofrepparttar 106783 best manual on writing business plans. Although it is meant for small business owners who have not undergone formal business training,repparttar 106784 concept and planning process is applicable to any business, large or small. Written in a clear and concise format supported by useful financial projections,repparttar 106785 book guides readers step-by-step throughrepparttar 106786 process of conceptual planning and writing a business plan.



Patrick Tan of Aloha-City < http://www.aloha-city.com >. Want to make money on the Web? Don't jump in before getting all the latest tips on starting and building a successful career online. Subscribe to "Back to Basics" Home Business Newsletter - send email to: basics@aloha-city.com. Visit Aloha-City for more resources on home businesses, affiliate programs and freelance work.




Real Networking

Written by /"Wild Bill/" Montgomery


Continued from page 1

Don and others like him are my Real Network. Ifrepparttar occasion arises I will send Don some work. (Note: Be cautious here. From other sources I already know Don's capabilities and business tactics. He's experienced and fair. Do not risk other network connections by referring them to someone who is, shall we say less than reputable). But whether I send any work Don's way or not, I've openedrepparttar 106769 door to a whole new network of possible contacts. This conversation alone will stay with Don. I am talking to him as a friend, willing to do him a favor ifrepparttar 106770 occasion ever arises. For which in turn I am hoping, not expecting Don will dorepparttar 106771 same. I have measuredrepparttar 106772 chances and thought that Don deserved my attention and a place in my network. If I am successful, Don will feelrepparttar 106773 same.

Well, it's been a little over a year since then and my association with Don, which still is limited to talking and joking around atrepparttar 106774 health club, has netted me, or Networked me 7 new clients. 3 of which Don referred to me directly, and 4 which were referred by his referrals. That my friend may seem like small potatoes to you, but neverrepparttar 106775 less is Real Networking.



"Wild Bill" Montgomery http://www.MakingProfit.com We've Featured Over 110 Articles in only one issue of our newsletter. How many do you get in yours? Why Play With Puppies, When The Big Dog Rules! Get The Best In Marketing & Business Information! To Subscribe go to or Email to


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