Too many business planners end up spending time and money creating a plan that offers a detail for every little piece of their business. This is great for getting started to make sure that nothing is left to chance in getting the business off the ground. For an average business, this type of detailed planning will probably grow into a 300 page book, or larger and will cover every minute detail of operating your business. http://www.incomeworking.com
When it comes time to seek funding, ask yourself who is going to read this plan. Many potential investors will tell you that they do not care how many facings of each different brand and style of peanut butter you will stock on your shelves. Heck, they probably will not even care that you are going to sell peanut butter at all unless they plan to shop at your store. Many also will agree that business plans looking for money that are thicker than 20 or 30 pages are rarely read and funding is seldom given.
If investors, after reading through your brief, well-documented business plan want more information they will ask for it, but if they are inundated with information they will usually move on to the next proposed project. They simply do not have the time, or desire to read each and every detail written in to many of the plans handed to them.
In general, potential investors will be looking for how much money the business needs to get started, justifying the total amount as well as how long it will take before the business expects to turn profitable. Not so much as to how soon they will be fully repaid with interest, but how long before they can expect to see money coming back to them.
They will also want to know about the person who will be running the business. Many investors will want the operator to have experience in the business. A person planning to open a hot dog shop, for example, may have 20 years of experience in management but has never worked in food service, will have little to offer the investor in the way of an incentive to think they may succeed. On the other hand, if they worked for another hot dog shop for 10 years and have five years in food service management, the investor will feel better about your chances of success.
Regulatory compliance is another hot issue for many investors as they do not want to see the business closed down for violating state or federal laws. The business owner, or a representative, must be knowledgeable about the laws governing the particular business and have inspection steps in place to insure compliance with all rules and regulations. Training of current and future employees is another issue for some investors, making sure the company's representatives can responsibly serve the needs of potential customers.
Investors will also look for marketing research, indicating there is a need for the product or service the business will provide and that it is large enough to offer sustainability. Single-sales businesses rarely survive for long and businesses that promise repeat sales to the same customer are often given more consideration for funding.
Thanks for reading my article.
Martha Lipson
Also Doing Business Here
http://itsmyfranchise.com/marlip795
http://www.infoserviceresources.com
http://unjoinfree.com/?id=2139
Thursday, April 24, 2008
Saturday, April 19, 2008
Internet Business Plan Development: the Importance of the Main Idea
Every business venture, regardless of its venue or its objective, begins with a basic idea, the simpler the better. Focus and expansion are much easier from the get-go this way. Most importantly, this serves as the business foundation, without which the business couldn’t manage or even exist. The main idea is the root of the entire business.
http://www.incomeworking.com
Where does this idea [usually] come from? Several sources are possible: a television show, radio broadcast, a song, a piece of literature, social issues, politics, the ongoing development of technology, an art style, research, a personal experience, a movie, a child’s imagination, hearsay or conversation, even an innovation brought about through necessity, such as a means to make home chores more convenient. Whatever the case, this idea should be unique and boast a twist that allows the idea to stand out on its own in the merchandising and marketing fields that it represents. In the end, this idea must be flexible and open enough to growth in a variety of ways.
The first step to developing the main premise of the business venture, one the basic is established is to conduct research in the govenment field in order to ascertain the current goings-on so that the direction of the business, even the nature of the idea itself, is innovative enough to promote an aspect of the industry that hasn’t yet been touched or explored. In this way, the business has room to move and reduces the threat of competition, especially those opposing ventures that are very persistent. Even if the competition does eventually incorporate such developments in relation to the new aspect, the business that had started it will be forever known as the leader in the creation of a sub-industry that would significantly expand an already existing one. This distinction is one of the major goals behind the main idea and should be considered right away so that it is not overlooked.
The data found through the research, then, allows the business owners to progress from there. That information determines the further direction of the business necessary to keep it on it’s particular path so it doesn’t dive too far into the premise of another related business venture. This phase of plan development involves any modifications that are necessary to adjust the details of the main idea so that its uniqueness remains prominent. This research ultimately specifies and clarifies the ongoing purpose of the business.
The idea copyright and registration come next and is critical so that the business owner is protected legally. If he or she isn’t and her or his idea is stolen and used by someone else, the venture is over. Also established here are the Mission Statement, Philosophy, and procedural policies. The identity of the new business and its particular role in both the industry and the general business world begin to emerge. http://itsmyfranchise.com/marlip795
At this point, the idea can go in any direction. This is where the business website is designed and laid out in meticulously detailed plan that will assist in its creation. The idea, which had earlier began as a mere mental abstraction, now becomes physical reality.
Thanks For Reading My Article
Martha
Doing Business Here
http://homeincomeportal.com/marlip795
http://ujoinfree.com/?id=2139
http://www.infoserviceresources.com
http://www.incomeworking.com
Where does this idea [usually] come from? Several sources are possible: a television show, radio broadcast, a song, a piece of literature, social issues, politics, the ongoing development of technology, an art style, research, a personal experience, a movie, a child’s imagination, hearsay or conversation, even an innovation brought about through necessity, such as a means to make home chores more convenient. Whatever the case, this idea should be unique and boast a twist that allows the idea to stand out on its own in the merchandising and marketing fields that it represents. In the end, this idea must be flexible and open enough to growth in a variety of ways.
The first step to developing the main premise of the business venture, one the basic is established is to conduct research in the govenment field in order to ascertain the current goings-on so that the direction of the business, even the nature of the idea itself, is innovative enough to promote an aspect of the industry that hasn’t yet been touched or explored. In this way, the business has room to move and reduces the threat of competition, especially those opposing ventures that are very persistent. Even if the competition does eventually incorporate such developments in relation to the new aspect, the business that had started it will be forever known as the leader in the creation of a sub-industry that would significantly expand an already existing one. This distinction is one of the major goals behind the main idea and should be considered right away so that it is not overlooked.
The data found through the research, then, allows the business owners to progress from there. That information determines the further direction of the business necessary to keep it on it’s particular path so it doesn’t dive too far into the premise of another related business venture. This phase of plan development involves any modifications that are necessary to adjust the details of the main idea so that its uniqueness remains prominent. This research ultimately specifies and clarifies the ongoing purpose of the business.
The idea copyright and registration come next and is critical so that the business owner is protected legally. If he or she isn’t and her or his idea is stolen and used by someone else, the venture is over. Also established here are the Mission Statement, Philosophy, and procedural policies. The identity of the new business and its particular role in both the industry and the general business world begin to emerge. http://itsmyfranchise.com/marlip795
At this point, the idea can go in any direction. This is where the business website is designed and laid out in meticulously detailed plan that will assist in its creation. The idea, which had earlier began as a mere mental abstraction, now becomes physical reality.
Thanks For Reading My Article
Martha
Doing Business Here
http://homeincomeportal.com/marlip795
http://ujoinfree.com/?id=2139
http://www.infoserviceresources.com
Friday, April 11, 2008
Saturday, April 5, 2008
Internet Marketing: The “Rights”
Online business does rely on timing and a great deal of luck, but it mostly requires know-how, just like anything else. This is why being well-informed is crucial to starting that online business.
Pre-conceived strategies, then, must be based on both a particular entrepreneur’s personal objectives(s) as well as the information necessary to obtain beforehand. This information includes background data regarding the field in question; business statistics; advertising options and resources; a working knowledge of computers and the Internet, especially web building and hyperlink initiation, and a full range of budget necessities.
Among the many strategies an entrepreneur may employ to promote an online venture are the following. Obviously, the list isn’t all-inclusive, but they are important to know just the same.
1) Networking versus random approaches. Although the random approach ensure quick distribution amidst a wide demographic, which is important in regards to advertising and becoming known, the networking approach is ironically the better way to go for success. Why is this? Networking focuses on those involved in a particular field, and this includes the interested public audiences. This weeds out all of the uninterested and cuts back on wasting time; focusing on target audiences will allow entrepreneurs to dedicate more time to those who really matter. Below are examples of both random and networking means of approach:
Random
Viral Advertising
TV Advertising
Pamphlet's
Coupon Booklets
Targeted
Business Conventions
Research Articles
Pop-Ups
Magazines
2) Rapid and courteous Replies. When addressing others in one’s field or the public—whether interested or not—quick and polite responses are not only preferred, they are mandatory. As a matter of fact, rude and/or delayed returns can and certainly will destroy a business before it even begins. For older businesses, a negative reputation will follow and is difficult, if not impossible, to overcome. This policy applies to online as well as off line business practices. Yes, it is a no-brainier, but so many businesses miss the target on this, which is really no surprise, since ego seems to have been given one up on the value of human integrity. People are the most important; without them, businesses cannot and will not work. http://www.incomeworking.com
3) Honesty and Truthfulness. Honesty is the best policy, as the saying goes. This is more true than a lot of people want to admit. Unfortunately, the desire for money has superseded personal integrity. Scrupulous entrepreneurs presume that success is easier when “taking one for a ride,” but if and when their scams are exposed—and they eventually will be—they are destroyed permanently. Many lose their freedom as well, as prison removes these people from the game. Taking on the attitude that people are unintelligent except oneself will raise scam in the business world, and such a venture with its goals will be brought to a grinding halt.
Those businesses that deal on the up-and-up and serve to, above and beyond everything else, value people are the best and are likely to be the most successful, simply because people make businesses possible; without people, money is non-existent, since the money that businesses value to achieve a profit comes from the people involved.
Thanks for reading
Martha
http://homeincomeportal.com/marlip795/ebay.htm
http://ujoinfree.com/id=2139
http://www.infoserviceresources.com
Pre-conceived strategies, then, must be based on both a particular entrepreneur’s personal objectives(s) as well as the information necessary to obtain beforehand. This information includes background data regarding the field in question; business statistics; advertising options and resources; a working knowledge of computers and the Internet, especially web building and hyperlink initiation, and a full range of budget necessities.
Among the many strategies an entrepreneur may employ to promote an online venture are the following. Obviously, the list isn’t all-inclusive, but they are important to know just the same.
1) Networking versus random approaches. Although the random approach ensure quick distribution amidst a wide demographic, which is important in regards to advertising and becoming known, the networking approach is ironically the better way to go for success. Why is this? Networking focuses on those involved in a particular field, and this includes the interested public audiences. This weeds out all of the uninterested and cuts back on wasting time; focusing on target audiences will allow entrepreneurs to dedicate more time to those who really matter. Below are examples of both random and networking means of approach:
Random
Viral Advertising
TV Advertising
Pamphlet's
Coupon Booklets
Targeted
Business Conventions
Research Articles
Pop-Ups
Magazines
2) Rapid and courteous Replies. When addressing others in one’s field or the public—whether interested or not—quick and polite responses are not only preferred, they are mandatory. As a matter of fact, rude and/or delayed returns can and certainly will destroy a business before it even begins. For older businesses, a negative reputation will follow and is difficult, if not impossible, to overcome. This policy applies to online as well as off line business practices. Yes, it is a no-brainier, but so many businesses miss the target on this, which is really no surprise, since ego seems to have been given one up on the value of human integrity. People are the most important; without them, businesses cannot and will not work. http://www.incomeworking.com
3) Honesty and Truthfulness. Honesty is the best policy, as the saying goes. This is more true than a lot of people want to admit. Unfortunately, the desire for money has superseded personal integrity. Scrupulous entrepreneurs presume that success is easier when “taking one for a ride,” but if and when their scams are exposed—and they eventually will be—they are destroyed permanently. Many lose their freedom as well, as prison removes these people from the game. Taking on the attitude that people are unintelligent except oneself will raise scam in the business world, and such a venture with its goals will be brought to a grinding halt.
Those businesses that deal on the up-and-up and serve to, above and beyond everything else, value people are the best and are likely to be the most successful, simply because people make businesses possible; without people, money is non-existent, since the money that businesses value to achieve a profit comes from the people involved.
Thanks for reading
Martha
http://homeincomeportal.com/marlip795/ebay.htm
http://ujoinfree.com/id=2139
http://www.infoserviceresources.com
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