Home
>
Small Business
>
A Business Plan Is Not Worth A Cracker To A Struggling Business - A Plans The Last Thing It Needs

A Business Plan Is Not Worth A Cracker To A Struggling Business - A Plans The Last Thing It Needs

Before you start a business we encourage you to prepare a business plan. Without it your business has a 92% chance of failing within the first 12 months. Sometimes your business plan tells you that you should not go into business at all!

Sometimes we encourage you to think seriously before you decide to go ahead with a risky business. But we always encourage the preparation of a business plan.

If you use a professional to assist, the fee can be between $3,000 and $10,000. Or you can purchase off-the-shelf plans that give you the form and you do the research for information to fill in the 'blanks'. Either way, it will take at least three weeks for you to come up with the completed plan and normally much longer.

So the chief reason is that you probably don't have $3,000 to $10,000 for the professional. If your business is struggling it's probably got very little money to pay existing creditors without incurring further expense with no immediate return.

Another problem is that you will definitely not have the time to prepare one. You need something done now, not in three weeks or more time.

What is your biggest hassle? Is it creditors ringing? Do you hate to answer the phone? Could you get on with some productive work if only they would leave you alone? After all, they know you are a good person and would pay if you could. Don't they?

Then let's focus on this. There are strategies to take all that pain away and your professional CPA knows them.

At one seminar a participant said that her accountant knew all the right answers but she did not know the right questions. By the time she found at what she should have done it was too late and did not matter anymore.

That's not good enough.

Consider the thousands of small firms that fail each year and note that 99% of them were being advised by professional accountants. It's obvious that the accounting profession generally has failed small business.

Find one who can and will help you. One that will stand in the background ready to advise when you face those business problems. An accountant should really make a difference in your business life.

Do you need more sales? Would things be easier then? Let your CPA show you some simple low-cost marketing tactics to work on that problem.

Your problem may not be lack of sales. Extra sales may even put you into a worse situation. I was called in to rescue a printer which was kept so busy with sales they couldn't keep up. But their debtors were so slow in paying that the more sales they made the worse their cash position became.

What about staff? Are they a pain? It's probably because the boss is a pain at the moment.

The point I am making is that rather than a plan which will bring future results, you need tactics which will bring immediate results. Let's worry about the business plan when we know the business will survive.

If you think nothing can be done. If you think it's all too late. You are wrong! There is always something that can make things better.

You just need a little help. You will find it at http://www.profitstrategies4business.com

Kelvyn Peters is one of Australia's longest serving Tax Agents. Kelvyn was registered in February 1962. He is a director of Restaurant Catering Qld Inc the peak employer representative in Queensland, and advised the hospitality industry for many years. His speciality is moving in to rescue ailing restaurants.

Kelvyn Peters CPA has spent over 20 years experimenting and researching methods to help small business in meaningful ways that are affordable.

Kelvyn and his associates have perfected it with their local clients now they are going global. http://www.profitstrategies4business.com

ohare limo service Grand Rapids ..

In The News:

The International Olympic Committee on Friday announced plans to use AI in various Olympic aspects, including athlete identification, training and judging.

Tech guru Kurt "CyberGuy" Knutsson explains an easy trick to avoid squinting while working or surfing the web by zooming in on your personal computer.

Streaming giant Roku has recently been targeted by a pair of cyberattacks, and the company confirmed over a half million Roku accounts were compromised.

The Land Aircraft Carrier combines an all-terrain, six-wheeled vehicle with a two-seat aircraft, which features electric vertical takeoff and landing.

The European Union has sent TikTok a "request for information" on the video sharing platform's newest app, TikTok Lite, under the Digital Services Act, with the aim to clean up social media.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

The FBI is warning the public about a recent phishing scam via text that claims its targets owe money in Pennsylvania for unpaid road toll charges.

Your Apple Music settings may be revealing to your contacts what you're listening to. Kurt "CyberGuy" Knutsson explains the process to change those settings.

Learn how to secure social media accounts, implement legacy contacts, and create a digital estate plan to protect your online assets from 'ghost hackers' after your death.

A ported phone number scam is leading to more people having their identities stolen by sophisticated scammers. Kurt “CyberGuy" Knutsson tells you what you need to know.

The Great Pacific Garbage Patch, a vast marine debris vortex, is being tackled by The Ocean Cleanup’s innovative technologies. Kurt “CyberGuy" Knutsson explains.

Discover easy solutions to tame autocorrect frustration on iOS and Android devices. Turn off, customize and add personal touches to your typing experience.

Kurt “CyberGuy" Knutsson reveals the six top things to do right now before it’s too late: Tech and life choices that can keep your safer on and offline.

Kurt “CyberGuy" Knutsson shows you some simple steps to discreetly hide apps or an entire app page on your iPhone for decluttering or confidentiality.

The ambient light sensors on smartphones may be turned into cameras, according to researches at MIT. This could pose a threat to people's privacy.

The Autonomous Road Repair System from tech firm Robotiz3d uses artificial intelligence technology to locate potholes and promptly seal them.

Scammers have stooped to using artificial intelligence to scan obituary websites to create fake obituary websites to target the grieving.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

A Mercedes-Benz Manufacturing factory in Hungary is using humanoid robots to help with human staffing shortages on the factory floor.

Some video games act like unregulated banks, according to CFPB, which has begun monitoring the situation. The agency says children may be most at risk.

Ascender the robot is capable of climbing stairs with heights up to 8.7 inches, and it can give every corner of your home a deep cleaning.

Tax-return scams are on the rise, and one tax expert from a cybersecurity firm says filing your taxes on time is one way to avoid tax scams.

The innovative XPENG Robot Unicorn is inspired by the mythical unicorn, and you may forget the robot is not actually a living creature.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

The Federal Trade Commission, the federal agency to report scams to, is being impersonated as part of a new sophisticated phone scam.

A Business Plan Is Not Worth A Cracker To A Struggling Business - A Plans The Last Thing It Needs

Small Business