Anne-Marie Ronsen | Press Release: Secrets & Strategies: Are You Planning To Start a Home Based Business?
Secrets & Strategies: Are You Planning To Start a Home Based Business?
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You should realise by now that it's
essential to have a Business Plan; it could be the difference between
success and that dreaded "f" word - failure! It's all about
understanding the importance of planning ahead.
Once you have finally decided what
kind of business and how much it will cost to open then the real work
has just begun. It takes more than an idea to make money. You will have
to be able to dedicate your time and effort in promoting what you offer.
This may mean long days or hiring others to do the work you don’t have
time for. You will have to get a structure down so you can best
accomplish your goals. Most people
who start their own business no matter how small are looking to work
for themselves and not work for someone else and are willing to go that
extra mile to succeed. Are you?
working from home opportunities, working from home, things to consider when working from home, working from home online, working from home ideas, advantages of working from home, working from home jobs, working from home typing, advantages of working from home, work from home benefits and drawbacks, benefits of working from home for employees, working from home disadvantages, working from home tips for success
VISIT WEBSITE (learn more)
When starting your home business venture you will want to have another form of income. It can take a year or more to get a business up and running.
It will also take some serious work to go to your job each day and run
your business at night but it will be worth it in the long run. You also
have to look at the investment of money that you are willing to put
into it.
It will also take some serious work to go to your job each day and run
your business at night but it will be worth it in the long run. You also
have to look at the investment of money that you are willing to put
into it.
Ask yourself the following questions when trying to get ideas for your home based business:
* Who will your customers be?
* Will my customers be satisfied with my product?
* Will they use what you offer multiple times and be repeat customers?
* Who are your competitors and what are they charging?
* What do you need to charge but still remain competitive?
* Who will your customers be?
* Will my customers be satisfied with my product?
* Will they use what you offer multiple times and be repeat customers?
* Who are your competitors and what are they charging?
* What do you need to charge but still remain competitive?
You will need to know about your competition in detail.
Perhaps you
are not convinced that all the time and effort needed in preparing a
plan is essential; if so then here are the main benefits for both you
and your business.
1. No
matter how good a communicator you are, you will never be able to
convey your vision for the business as successfully as a perfectly put
together Business Plan. It provides a clear understanding as to what you want to achieve. It allows you to express your ideas in a clearer manner.
2. Too many times business owners try to sell their idea
verbally and at the end of the interview with the Bank the Manager is
none the wiser than he was at the start. I think you can guess the
outcome of many of those requests!
3. A Business Plan will help convince both you and the Bank of the project's feasibility and viability. There's nothing like having all the facts in front of you to clarify the key issues
4. There’s
no getting away from the fact that a business owner who plans ahead
comes across as being more ambitious and more focused. A well prepared Business Plan demonstrates you have vision and that you know what you want...
5.
With numerous ideas floating around in your mind, the pitfalls or
stumbling blocks to success are never that visible. A mind buzzing and
full of ideas will rarely achieve clarity. A Business Plan forces you to
put your ideas down in writing and in an orderly manner. The result of
this could be you going in a completely different direction than you
initially thought of, or even abandoning your idea altogether. Not a
pleasant thought, but which would you prefer? The loss of your hard
capital or the opportunity to re-think your idea?
are not convinced that all the time and effort needed in preparing a
plan is essential; if so then here are the main benefits for both you
and your business.
1. No
matter how good a communicator you are, you will never be able to
convey your vision for the business as successfully as a perfectly put
together Business Plan. It provides a clear understanding as to what you want to achieve. It allows you to express your ideas in a clearer manner.
2. Too many times business owners try to sell their idea
verbally and at the end of the interview with the Bank the Manager is
none the wiser than he was at the start. I think you can guess the
outcome of many of those requests!
3. A Business Plan will help convince both you and the Bank of the project's feasibility and viability. There's nothing like having all the facts in front of you to clarify the key issues
4. There’s
no getting away from the fact that a business owner who plans ahead
comes across as being more ambitious and more focused. A well prepared Business Plan demonstrates you have vision and that you know what you want...
5.
With numerous ideas floating around in your mind, the pitfalls or
stumbling blocks to success are never that visible. A mind buzzing and
full of ideas will rarely achieve clarity. A Business Plan forces you to
put your ideas down in writing and in an orderly manner. The result of
this could be you going in a completely different direction than you
initially thought of, or even abandoning your idea altogether. Not a
pleasant thought, but which would you prefer? The loss of your hard
capital or the opportunity to re-think your idea?
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6. It is
an ideal tool to monitor progress against the objectives you have set
yourself (I will cover objective setting later). By checking progress against your Plan, you will be able to spot if you are moving away from your original vision and so you will know what has to be put right
7.
Imagine if you didn't have this check in place; an unnoticed change in
direction or a slippage in achieving your objectives, if left
uncorrected for too long, could be fatal to your business. On the other
hand, it may transpire that a shift from your original vision could be a better alternative, but at least recognising this change allows you to adjust your course in a planned, structured and controlled manner
8. Every action you take has a consequence,
and a Plan helps make these consequences much clearer. Being aware of
the possible effect of your chosen direction allows you to plan ahead,
leaving you better able to cope with whatever the world of self
employment can throw at you. This is one thing that "mental planning"
would not achieve
9. Putting your thoughts on paper may make you realise that you need to do more research on the demand for your product or service.
It could also highlight that more investigation on your competitor's
products or services is needed. Additional research could help avoid a
potentially costly mistake or even uncover a hidden advantage, which you
had not seen before!
10. A Plan will guide you as to how much money is needed to make an idea work. You can check my book... "Essential Planning: Starting and Running a Successful Business"
11. A Business Plan will help you get funding. One of the main reasons Banks turn down requests for loans is a lack of information to assist in making an informed decision.
12. By the time you have finished writing your Business Plan you will have a total understanding of your business;
its strengths and weaknesses, the environment it operates in, what
could potentially go wrong, and what you can do to ensure your success.
Doing your planning on the back of an envelope is not going to achieve
this ..
an ideal tool to monitor progress against the objectives you have set
yourself (I will cover objective setting later). By checking progress against your Plan, you will be able to spot if you are moving away from your original vision and so you will know what has to be put right
7.
Imagine if you didn't have this check in place; an unnoticed change in
direction or a slippage in achieving your objectives, if left
uncorrected for too long, could be fatal to your business. On the other
hand, it may transpire that a shift from your original vision could be a better alternative, but at least recognising this change allows you to adjust your course in a planned, structured and controlled manner
8. Every action you take has a consequence,
and a Plan helps make these consequences much clearer. Being aware of
the possible effect of your chosen direction allows you to plan ahead,
leaving you better able to cope with whatever the world of self
employment can throw at you. This is one thing that "mental planning"
would not achieve
9. Putting your thoughts on paper may make you realise that you need to do more research on the demand for your product or service.
It could also highlight that more investigation on your competitor's
products or services is needed. Additional research could help avoid a
potentially costly mistake or even uncover a hidden advantage, which you
had not seen before!
10. A Plan will guide you as to how much money is needed to make an idea work. You can check my book... "Essential Planning: Starting and Running a Successful Business"
11. A Business Plan will help you get funding. One of the main reasons Banks turn down requests for loans is a lack of information to assist in making an informed decision.
12. By the time you have finished writing your Business Plan you will have a total understanding of your business;
its strengths and weaknesses, the environment it operates in, what
could potentially go wrong, and what you can do to ensure your success.
Doing your planning on the back of an envelope is not going to achieve
this ..
Final Thoughts...
You should realise by now that it's
essential to have a Business Plan; it could be the difference between
success and that dreaded "f" word - failure! It's all about
understanding the importance of planning ahead.
Once you have finally decided what
kind of business and how much it will cost to open then the real work
has just begun. It takes more than an idea to make money. You will have
to be able to dedicate your time and effort in promoting what you offer.
This may mean long days or hiring others to do the work you don’t have
time for. You will have to get a structure down so you can best
accomplish your goals. Most people
who start their own business no matter how small are looking to work
for themselves and not work for someone else and are willing to go that
extra mile to succeed. Are you?
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