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Business Plans Keep You On The Success Course

Where would your business be without a proper plan? A business plan sets the direction for the future of the business. It gives the business owner or manager a sense of guidance, listing the goals and objectives of the business from the start.

Writing a business plan requires your attention; a successful business plan cannot be rushed. Once a concept for a business has been developed, looking at the many facets of owning and operating your business is the next most crucial step. Often, your local county council will be able to assist you with gathering the required information of a legal aspect, as should your local business enterprise people. The balance of the work will be up to you! You will need to research products for your business to sell, at the same time as researching other enterprises that may be in immediate competition to you. In addition, you need to research the marketplace to see whether there is a need for your business service or product.

With the research out of the way, sitting down to write a business plan requires focus. Your business plan will become the bible of your business for at least the next 3 to 5 years so it is important to make it clear, concise and comprehensive. Most enterprises will complete a SWOT analysis to determine their strengths, weaknesses, opportunities and threats of the business. While the business is in infancy, brainstorming would be the most accurate way of performing the analysis, as the business would not yet have customers and profitability would not yet have been experienced. However, it is very important to remember that a good business plan is flexible and can be changed as your business experiences grow.

After completing a SWOT analysis, you will need to create your business name if it has not already been determined, as well as your vision and values, your business goals and long term purpose and how you will achieve all of this when the business is up and running. Writing each thought down regardless of how insignicant you feel it is will allow you to collect everything pertinent to your business for easy reference when needed. Who knows, the thought of today may turn into a million dollars in a short time! A business plan is the roadmap to a successful business!

Don't let the small stuff get in your way of taking control of your future. Remember - It's All Small Stuff!

The author has found that most business owners have great ideas and creativity. They just need the clarity of what direction to head to. She has helped thousands of entrepeneurs become profitable over the long haul.

Marianna D'Ambrosio is founder of FEDE Business an excellent resource site dedicated to information on business.

In The News:

XINING, China (AP) — There's a building boom on the Tibetan plateau, one of the world's last remote places. Mountains long crowned by garlands of fluttering prayer flags — a traditional landscape blessing — are newly topped with sprawling steel power lines. At night, the illuminated signs of Sinopec gas stations cast a red glow over newly built highways.
The world's oldest carnivorous dinosaur, known as Gnathovorax cabreirai, has been discovered in southern Brazil, according to a new study.
A grim-looking 200-year-old set of false teeth that were dug up in a U.K. field will be auctioned later this month.
There's a hole in the story of how our universe came to be. First, the universe inflated rapidly, like a balloon. Then, everything went boom.
Chimpanzees are attacking people in Uganda, part of a disturbing trend going on in the country that has led to crop loss and even death. 
A camera has captured the incredible moment when a meteor lit up the sky over the iconic Gateway Arch in St. Louis.
Venus is likely too hot to support life, with a toxic atmosphere and temperatures approaching 900 degrees, but that isn't stopping NASA from exploring it.
Mercury had a rare celestial occurrence Monday, as stargazers saw the planet -- as a small black dot -- pass between the sun and Earth.
A U.S. World War II  fighter plane that crashed off the coast of North Wales and occasionally appears from the sands has received protected status, officials announced Monday.
KINIGI, Rwanda (AP) — Deep in the rainforest of Volcanoes National Park, a 23-year-old female gorilla named Kurudi feeds on a stand of wild celery. She bends the green stalks and, with long careful fingers, peels off the exterior skin to expose the succulent inside.

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