500 words

A business plan is critical to success of your business. Despite this many business owners delay or do not take time to draw up a well thought out business plan.

Consider This! Successful business owners know majority of their good fortune is due to writing a well defined business plan. A good business plan is like a blueprint to foundation of your business venture. Without strong support/planning your business will crumble and fall flat as a pancake.

Purpose Of A Good Business Plan!

A business plan will help owner of new business determine if idea is feasible and profitable in long run.

A business plan is an important factor in raising capital from investors or in applying for a loan from lending institutions.

A business plan will show lenders that you are a careful and an organized planner, important character traits for any successful entrepreneur.

A business plan helps to check growth of business and determine if you are reaching your forecasted goals on schedule.

A business plan will help you to clarify your own thoughts about business, who you are, who your best customers are, where your strengths and weaknesses are.

Consumers want to hang onto every dollar and only spend money for things they feel they really "must" have.

To put yourself and your business in best position to survive and thrive in current economy, follow these simple rules for making every website visitor count.

The first step in making every visitor count involves knowing exactly what people want from you. The vast majority of businesses never bother to ask what customers and visitors want, and therefore, they make fewer sales than they could with a little research.

Smart online business owners use surveys regularly to stay in touch with customer needs, tastes, and preferences. It costs next to nothing to ask a customer what they want and then simply give it to them. But, it may cost you everything if you don't take time to ask first.

Next, businesses hoping to make it in these uncertain economic times must form alliances with other business owners who cater to same audience. Other business owners have traffic you need in order to grow your business.