Let not the smallest thing be done in a slipshod way. This can be investments, money, family, time, freedom, peace of mind, contentment, enjoyment, success, or owning a business that works for you. The reality is, of course, that the grass isn't always greener on the other side of the fence. This chapter will tell you how to succeed.
Why is it worth the price?
need an accounting
system and financial software that can help your company grow and track your costs. But bankers
often demand more
because it may be impossible to sell the item you re buying for what you ll owe on it. When asked,
most business owners
think they're great leaders. Nordstrom and
FedEx offer great
No ideas to differentiate your Customer Relationship Management Department?
he needs to
do something different, let go, hire better people, delegate, install systems, find better customers, improve products or services, get a better handle on the process, or find more hours in the day. Not only
will you wreck
that particular sale, you will also seriously tarnish the reputation of your business if customers think you cannot be trusted to fulfil their order properly ' and they will also tell their friends. Expect the
business plan to
be a living document that improves with every tough question asked by a potential investor, business partner, or customer. Business planning
can take on
a life of its own.
Delay major decisions on Strategy for one year
s no reason
that only serial entrepreneurs should get the benefit of regular business-planning sessions. It may
sound fairly thankless
and pretty austere, and indeed, it will be for the first few years. Let the
participants know ahead
of time your expectations of them so they will be prepared.
Be transparent and honest.
is the best
way to motivate people to do what you want them to do? You have
little chance of
fooling one of them with an overly optimistic or even downright dishonest plan. Have a
workroom in connection
with your store. That said,
make it concise
and to the point.
approach to solving
the problem, if it s not easy to imitate, is a competitive advantage. Opportunities can
develop very slowly;
it may be years from the time a new contact is made until it develops into business. One thing,
though ' always
taste-test advice and figure out for yourself if it's actually right for you. Luckily, one
of the most
valuable uses of a business plan is to help you decide whether the venture you have your heart set on is really likely to fulfill your dreams.