Leadership Techniques

There is no such thing as a perfect business plan.

However, a good business plan serves an an excellent "roadmap" for your business journey. It provides confidence to whomever you invite to travel with you on your trip. A plan allows you to anticipate crises and provides a clear procedure on how to handle problems as they come up by tying the action taken to the long range goal. Again, Leadership and Learning.

Planning is the systematic development of actions aimed at reaching business objectives. It involves analyzing, evaluating and selecting opportunities. A business plan is a detailed written statement that tells why, how, where and when a company will achieve specific objectives.

After preparing the plan, you should adopt a business strategy for action. Key personnel, prospective investors, and other interested parties should know precisely how you will use the money and resources at your disposal. Your primary responsibility, as owner, is to secure the business future. This should be accomplished through orderly planning. It should not be left to chance. And the plan should be a living document (and not put into the bottom left drawer of your desk) that you refer to adjust on a regular basis.

If you are starting a business, a business plan will help define your concept, evaluate the competition, determine your risks, and estimate your costs. A shortened version of a business plan sometimes called a private offering, is often prepared to summarize the business for inital investors. Prospective investors from whom commitments can be developed should be given a copy of the complete business plan.

Now YOU can move yourself to the front of the promotion line using the strategies and habits of today's Rising Stars in business

The length and sequence of a business plan will vary with the complexity of the business. However, to get the MOST out of your plan, it should provide detailed statements explaining your:

*Mission - WHY you are in business;
*Objectives - WHAT you want to accomplish;
*Strategies - HOW you will get there;
*Tactics - WHO will do HOW MUCH, WHEN, and WHERE

To insure a plan's success, these five "P's" should be carefully examined during the development of the plan:

*Physical location or position is it visible, accessible and functional;
*Product represents quality, value, and service;
*Promotions command attention, develop interest, and create desire;
*Profits are based on increased sales, controlled costs, and reduced expenses;
*People are working efficiently, productively, and maximizing profits.

What goes into a plan, may sound simple - getting it done and followed is the tough part.

Remember: "If you do not know where you are going, chances are you will not get there!"

So, MAKE A PLAN!!!

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