the answer to your business start-up and expansion needs.

BUSINESS PLANNING

Most of what you will learn about your business will be discovered when you develop your business plans. The research required will teach you a lot about what you business strategy will be. Writing a business plan is the most productive thing you can do for your business. Some of what you will discover in your business plan are:

1. How much will I need to start this business?

2. What and who are your markets?

3. The concepts of niche marketing.

4. What will we be selling?

5. What will be the costs of selling our services or products?

6. Who is my competition?

7. How will I position myself to capture and keep the markets I seek?

8. What is my marketing strategy?

9. What do I need to accomplish to make this business ready for operations?

10. What is my sales strategy?

11. What are my actual costs of operations and payroll?

12. When will I need to hire employees?

13. What are my cash flow projections?

14. Will I seek investors or do a loan?

15. What is my actual customer profile?

This is but a few of the tasks you need to complete in order to look at your business and see how you can put it into that place where it can produce you your desired results and income. The business plan will answer the questions about your business strategy and all of its elements. Business plans will have your profit and loss projections to consider and your balance sheets will be developed. These will show if your business strategy will succeed or not. It is never a good idea to open a business where you are not going to make a profit. If you are going to start your business with just the idea of making a living then you should stay employed and forget about business. Business is all about profits. There is risk and there are rewards to consider. This is the purpose of the business plan. To put all of this into a place where you can see what it really will provide to you in the long run. Your business plan is a tool for many purposes. Among them are SBA loans and investments form interested parties.

The use of good business plan software is a big plus for developing a good plan. These business plan software programs provide a lot of guidelines for looking at your entire business process. You have to look at business startup costs and what you need for funding the business startup expenses. Business costs, when not looked at and planned can cause a lot of trauma with business startup needs. When this isn’t planned it can cause a lot of struggle for funding when certain business startup requirements are found. This is all part of your business strategy.

Most people not in the know want to start a small business without a business plan. Yet they wouldn’t even consider starting a vacation trip without some sort of plan. The business plan is quite similar to a plan developed for a vacation trip. It contains a lot of the same statistical types of information except that the information in your business plan is your business strategy.

A good plan will contain a sub plan on marketing which can either be your marketing plan or a supplement to your marketing plan. In addition there would be a plan for a web site that you must either have built or you can build it yourself.

The best business tool you can have is your business plan. That is why writing a business plan is so important. The business plan can also give you ideas about writing business articles about the business you are in and how the proceeds from that business will benefit the readers of the business articles. Writing business articles is a very good part of your marketing plan because it ends up being one of your best marketing tools and it increases the position of your web site considerably.

If you start a small business without a business plan it isn’t too late to develop a good business plan. It will be a continuation type business plan and it will help you look at what you are doing. When it comes time to get additional funding the business plan will serve as a document to show the lending institution that you are well educated and have spent a lot of time studying your marketing plan and business strategy elements. A lot of what a lender requires is contained in the business plan. Writing a business plan at the last minute to get a loan will take a lot of unnecessary time and will look like a rushed process to the lender. This could end up costing you that possible loan.

So writing a business plan up front, learn what it will teach you about the business strategy and the marketing plan will benefit you more than you realize at this time. After the plan is developed is the time to start a small business because the plan gives you a lot of preparation as to what you need to do and when to perform growth functions within the company. You will avoid unexpected business costs which will be numerous without the business plan. There will still be a few appear after you get started but they will be very minimal when compared to what will appear when you don’t have a business plan in place.

Here is the biggest killer of a lot of businesses. Many businesses will go on line and purchase a business plan over the Internet for a small fee and figure it will do. These plans are very general and they don’t teach you what you need to know when your business plan is developed by you. The help of a consulting service like we offer will help you add information that is unique to your business plan that probably isn’t in the normal business plan software.

We are very proficient in the process of business plans. You would do well to contact us to help you with your plan. The costs will save you a lot of time in the long run. We can reduce the struggle very quickly and get you through the planning stages in about 20 percent of the time you will spend doing it without us. Time is money and that is what you will save with our help. And you can be assured that what is in your plan will work really well for you. Contact us and let’s get started.

To access our sales chart CLICK HERE

Here is what one of our recent business plan subjects had to say about our service:

TESTIMONIAL

I have worked with Marvin in the process of developing my business plan. We put together a business plan that was centered around my ability to do consulting with the Hispanic community within my area of operations

His insight to some questions I would have never thought of was very helpful in the plan development. He showed me that the planning process was indeed a business education process.

I was especially impressed with his ability to examine and coach me on the value of cash flow. He has a lot of insight and understanding in this area of business.

I now have a business plan that will show how effective I am in working on the interface between the Hispanic business segment and the American business community. The process of planning this showed how we could service and support both segments of this market. It was very insightful and very educational. His expertise gives one an insight on how to get to success through business planning. I also have a tool that will be useful in seeking a business loan from any source to include investors.

Aura V

M DOUGLAS BROUGH CONSULTING LLC
1340 E 4325 S
Salt Lake City, Utah 84124
801-649-4001
contact@mdouglasbroughconsulting.com