Business: More Uses for Your Business Plan

More Uses for Your Business Plan

Written by Gerry McRae

You have invested a lot of time and energy on writing a business plan just to get a loan or to attract an investor. What do you do when you get repparttar

money or, worse, should you be turned down?

Do you just file it away? That's like investing in a boat that remains parked in your driveway after its inaugural voyage.

Instead of filing it away or leaving it on a shelf to gather dust, why not capture more return on your investment? To gain a clearer perspective, convert your investment of time and energy into a dollar amount. Then, you'll think twice before filing your business plan away. Ways to capitalize on your investment

1. Expand repparttar 103678 marketing section for an ongoing planning document, or for periodic reviews, or for revising marketing strategies. The historical data, projections, competition surveys and analyses are valuable bases for updating repparttar 103679 data into a working framework. The material is a convenient reference for when you are asked to make an oral presentation, to write an article, to provide background data for ad copy or for other promotional activities.

2. Save repparttar 103680 various sections as templates for any number of purposes. Some of these can be used for decision-making, for analyzing proposals and new ventures, or for dispensing with those time-consuming 'dream/someday' projects.

3. Use some excerpts for such Human Resource Management activities as: orienting and training a new associate, or as a preparation for a staff promotion.

4. All your grueling work on repparttar 103681 financial data can form repparttar 103682 foundation for financial controls and reviews, budget-actual sheets and as background for trend projections. Your original documents serve as benchmarks and as reminders of your progress for your bankers.

Stop Waste, Fraud and Abuse

Written by Chris Anderson

Each year, businesses write-off six percent of revenue to waste, fraud and abuse. But why would managers throw all that hard-earned money away when there is a reliable way to eliminate waste, fraud and abuse using accounting policies & procedures to create internal controls. Internal controls eliminate uncollectible receivables; prevent theft or embezzlement; optimize inventory; and stop waste, fraud, and abuse. Utilizing just a single control will add real money to your bottom line each month.

Look for Easily Customizable MS-WORD files to Save Time

You can quickly and easily develop customized procedures and internal controls for your organization, no matter what size it is. WORD templates reduce repparttar stress of writing clear internal controls, policies or procedures; of staying late at repparttar 103677 office to research “best practices” or of worrying over what format to use.

Use Prewritten Text by Industry Experts

It's much easier to edit prewritten controls than to develop them from scratch. Let experienced CPAs, auditors, and business process experts think through repparttar 103678 steps for each procedure or form. Then, save even more time by using repparttar 103679 resulting content that technical writers have edited in MS-WORD instead of re-entering repparttar 103680 text.

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