Start by making a list of your top customers. These interdependencies characterise the complex relationships between a company and its particular counterparts. Events in the stock markets can kill your opportunity if your idea falls from favor in financial circles. Exalt the importance of every item.
Should Human Resource Management Be Your Primary Focus?
Hit
off some social
craze, or give a witty representation of some matter of passing interest. Your
willingness to put
in the extra hours when needed and your accompanying willingness to accept more responsibility will bring a smile to the faces of employers. BUT,
are you making
enough money on your equipment to make it worth your while? Not
so any longer.
The team must be coachable
And
never make the
mistake of trying to overawe a reader with your expertise. This
is your cost
of goods sold, or direct costs. If
a restaurant or
hotel operated like most businesses do, it wouldn't stay in business more than a few weeks. Getting
your financial house
in order before you start your business can buy you critical time to make a success of your start-up.
A sound management team
They
proactively market their
services, sell what they have to offer, nurture new customer targets, create loyal customer relationships, get involved in industry and community organizations, offer differentiating services to customers, and work hard to put customers first. To
get the highest
return on your marketing dollars is a tougher task if your company serves a large number of targeted customers. Customers
rarely ever read
a company s business plan, so you ll probably have your miniplan available for these occasions. They
act and think
like leaders.
The value of an idea lies in the using of it
After
all, most of
you can probably find as many compelling reasons why you shouldn't own a business as you can find reasons why you should. You
can start a
very low-budget business and write a business plan as it evolves to bring in capital for advertising marketing and/or expansion. Don't
think advertising will
keep your pipeline full of profitable customers or work unless you have a big pocketbook. Will
you be a
low-cost, average, or high-end option?
Complete your Personal Real Estate Investment Goals and Objectives
Success
brings success.
If,
for example, you
have 12 patents, your sales manager had five years of 30 percent annual sales gains, and you personally oversaw the grand openings of 42 stores in 11 months, this is the stuff investors and others reading your business plan will want to see. Is
your 'loyal customer'
strategy working? Offer
them a report
giving them the answers they need to solve their problem.