Why You Need A Business Plan!

Written by BB Lee

Why You Need A Business Plan BB Lee (C) 2003

500 words

A business plan is critical torepparttar success of your business. Despite this many business owners delay or do not takerepparttar 117328 time to draw up a well thought out business plan.

Consider This! Successful business owners knowrepparttar 117329 majority of their good fortune is due to writing a well defined business plan. A good business plan is like a blueprint torepparttar 117330 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 helprepparttar 117331 owner ofrepparttar 117332 new business determine ifrepparttar 117333 idea is feasible and profitable inrepparttar 117334 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 checkrepparttar 117335 growth ofrepparttar 117336 business and determine if you are reaching your forecasted goals on schedule.

A business plan will help you to clarify your own thoughts aboutrepparttar 117337 business, who you are, who your best customers are, where your strengths and weaknesses are.

According to leading business plan experts, an effective plan will contain:

Surviving Tough Times Online

Written by Jim Edwards

With economic problems dominatingrepparttar headlines, all businesses, online and off, need to makerepparttar 117327 most of every single customer contact if they hope to stay in business!

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 inrepparttar 117328 best position to survive and thrive inrepparttar 117329 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 takerepparttar 117330 time to ask first.

Next, businesses hoping to make it in these uncertain economic times must form alliances with other business owners who cater torepparttar 117331 same audience. Other business owners haverepparttar 117332 traffic you need in order to grow your business.

For this reason, you must constantly look for creative ways to work with them. The easiest way to profit by working with other website owners involves endorsing each other's products to your own lists or, at a minimum, trading links to funnel traffic back and forth.

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