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Posts Tagged ‘business plan’


Web.com Small Business Toolkit: Build Your Business Plan (Business Plan Tool)

January 9th, 2013 ::

SBA’s Build Your Business Plan

If you never got around to writing that business plan, the Small Business Administration now has a tool to make the process a lot easier. Your business plan should outline the route a company intends to take for the next three to five years and includes revenue projections, marketing strategies and more. The SBA’s Business Plan Tool provides the business owner with a step-by-step guide to get started. You can save your plan as a PDF and update it at any time. Then take your plan to a free mentor at one of the SBA’s partners (SCORE or a Small Business Development Center) to get one-on-one advice.

 

Make a (Business) Plan for the New Year

December 27th, 2012 ::

By Maria Valdez Haubrich

As 2012 draws to a close, how are you going to make sure 2013 is an even better year for your small business? One way is to pull your business plan out of the drawer (or up from your laptop) and take a look at it.

Many of us write a business plan when we first start our business, then put it away and never look at it again. Or perhaps you started your business without writing a formal plan, and it caught on so fast you didn’t need one (or so you thought). Unfortunately, without a “compass” for your business, you may find yourself ending up other than where you planned.

While in the past writing a business plan was a dreaded task, it’s become a lot easier with the advent of easy-to-use business plan software. (Check out MasterPlans, one of this site’s partners, for starters.) If you’ve never written a plan for your business, plugging your business’s information into these tools will give you a feeling of accomplishment and whet your appetite to actually complete your plan.

If you have written a business plan in the past, pull it out and go through each of the sections:

  • Company Description: Is this still accurate as to your form of business? Update your company history and any other information. If your business model has changed, spell out how and why.
  • Product or Service: Is the description of what you sell and the benefits to the customer still current?
  • Market Analysis: If your market, competition and target customers have changed, which they undoubtedly have, you’ll need to do some new market research and update this section.
  • Strategy and Implementation: Again, make sure your business strategy and the steps you will take to implement it is accurate and detailed, including dates, budgets and responsibilities of the management.
  • Management Team: Update this section as needed to reflect current roles, responsibilities, skills and accomplishments. Your team probably has a lot more under your belts than when you started your business.
  • Financial Analysis: Make sure financial statements are current and accurate.

Last, but not least, go through your Executive Summary and make sure it clearly reflects your business’s current position and future goals.

Still can’t bear to do your own plan? Get help from MasterPlans, one of this site’s partners, to have your plan professionally written or updated.

With your new plan in hand, you’ll have a useful guidebook to get you through 2013 in a more profitable fashion.

Image by Flickr user Calsidyrose (Creative Commons)

 

 

Promote Your Business and Brand: BE the Change You Want to See

October 22nd, 2009 ::

Black Dog Coffee's Brian Bircher

Black Dog Coffee's, Brian Bircher (photo by Aeroka Media Marketing)

Do you have a passion for a certain charitable cause, wished you had more time to help others, but were too busy running your business?  Well why not make it your business to give back?  Today is the day to be the change you want to see, and hey, it’s a great promotional tool as well!

Include in your business plan a giving mission.  Not only will giving back in the name of your business help you work with a purpose, but by doing so, you are marketing  your business, raising the bar on your brand reputation and growing a client base.  Personally, I would rather do business with a company that gives back, especially to my community.

Here are a few small business examples that might inspire you:

Black Dog Coffee:  Brian Bircher is the Roast Master of Black Dog Coffee.  Based in Summit Point, WV, he roasts and sells his coffee beans online, in retail establishments, and delivers locally.  His passion is helping the Charlestown Rotary Club.  This club helps local charities, such as arranging a Day of Caring, as well as help the larger Rotary‘s worldwide mission to end Polio.  Also, Brian volunteers with Shannondale & Beyond, an historical and nature preservation entity. By donating his coffee, serving it at fundraising events, and being hands-on in charity projects, he has found purpose.  His added bonus: a great reputation and a growing client base.  In his social media efforts, he is able to spread word of his works and products, and is currently planning the expansion of his business. 

DISHLast weekend, Doug Vaira just celebrated his first year in business by giving a tour of the local farms from which he purchases his menu ingredients. He is the owner of Dish, a new American bistro in Charlestown, WV.  Along with fresh local meats and vegetables in his menu, Doug also sells Mountaineer beer, and brews Black Dog coffee.  On October 22nd, he will sponsor a dinner/open mic night that will raise funds for Community Alternatives to Violence.  He also volunteers as a soccer coach for a local JCYSL girls team.  His customers are loyal, and, besides his tasty menu, much of that is due to his enthusiasm and breathing new life and economic development into his town.

Green Hill Farm:  Nick Frobouck’s farm is Located in Sharpsburg, MD, right near the famous Antietam Battlefield.  This year he started the Annual Springfest and Fall Festival, both events to showcase great local music, food and small businesses.  All money goes to support Loggers and Farmers Inc, a 501c3 organization formed to help in the financial support of families of loggers or farmers where there has been injury or loss of life.  In early October, the two-day Fall Festival brought hundreds of folks from the area to see some excellent rock, reggae and blues bands such as Jah Works and the famous Nighthawks.

How you can start:

  • Find a local charity:  Check out Network for Good.  You can do a location search by zip code and review the list of local charities to inspire you with ideas on how your business can give back.
  • Throw recession-era events:  Raising money to feed hungry, gather blankets, gift donations, and throwing Pink Slip parties.
  • Volunteer in your community:  Local schools, support local teams, animal shelters…the list is endless.

Tell us how is your business is already giving back. If not, are you planning to soon?  Helping your community should be part of your business plan.  The benefits of raising your brand, getting new and loyal customers who share your passion, plus free marketing - priceless!

15 Steps to Writing a Winning Business Plan – Grow Smart Business e-Book

October 14th, 2009 ::

15 Steps Writing a Business Plan e-book

CLICK ABOVE TO DOWNLOAD: 15 Steps Writing a Winning Business Plan

Many of you who follow this blog are small business owners and you have either wrote your first business plan or about to start on the journey. For some it might seem like an easy task but I will bet that it seems easier to summit Mt. Ranier that finish your business plan. It is the procrastinators ultimate project to put off and the perfectionists ultimate project to endlessly tweak.

I will guess that while sitting down with all these great ideas swimming around in your head about how you are going to create the next great product or service you couldn’t wait to tell someone about your business. But when it came time to actually ask for money from someone or actually lay out how you will execute, there was a hard realization that you needed a business plan.

But you can’t write just any business plan. A Killer Business Plan.

One that even your strongest detractors will read and say “this could work” and those whose wallets you are trying to pry free of investment capital ask “where do I sign?”. This book is written for you.

After writing many business plans, many for businesses that never launched and a few that did launch and were eventually sold, I felt compelled to share my experiences and advice to save you from the rocky process of getting started so you can just start writing.

I wrote a 15 part series through the last year that addressed many issues and gave you a basic plan of action. However, I kept getting asked to put it into an e-book format for easy reading and note taking.

While this is not a end‐all book on business plans, I hope that this helps you frame your plan so you can get started and put together something that is relevant for what you are trying to accomplish.

There are many other resources out there which I have mentioned at the end of this e-book so I invite you to use this book along with those resources to build your killer business plan and be the success I know you can be.

I don’t need to wish you luck. Just get started, get out there and crush it.

In case you missed the big button up top, you can click here to download the e-book.

Read it and please leave a comment. We want to know how your business plan journey is going.