Business plans are not only for large corporate organizations. This is important whatever size or stage of your business growth. Whether you start, only with the seeds of ideas, or have been in business a few years, a well-made plan will capture your vision and goals, products and services, revenue targets, the necessary support and your actions are reality.
As Mark Spillman, Bare Escentuals cosmetics said …
“We have experienced significant growth over the past 4 years. Of our small companies have become a leading company in the Premium English cosmetics industry. This growth, of course, has been achieved with great people and great products but basically have been achieved With a well-coordinated business plan that covers all aspects of our business, ranging from operations to customer service. “
This is really a blueprint for success and like your vision board can turn it on with pictures, quotes and goals that inspire … so it becomes your personal and practical guide to realizing your dream.
Here are only 4 big advantages to have a written business vision and plan …
Benefits # 1. This gives you a bigger reason. Easily get tired with busy work everyday running business and maybe there will be times when you wonder ‘Is it worth it?’ By having your purpose, vision, and plan, you can be re-connected for the real reason why you are in business.
Benefits # 2. Business plans map clear routes for where you lead you can refer, review, and adjust when you progress. Think of it as an important goal that you set. Like most holidays or trips, for example, you will exercise before where you will go, how long to get there and how much it costs. Having this information will get you to the place you want to get faster than trying to find out along the way. Then after you leave, you can make changes and correct courses when the circumstances change or obstacles appear.
Benefits # 3. Acting as a benchmark that you can value what works and does not work in your business before you experience problems. If you do not meet your income target, or certain products or services do not take off, by referring back to your package, you can review the price, marketing, and mix of your products to find out changes that you can create financially track again.
Benefits # 4. Your plan provides templates for you to find out the various strategies adopted to advance your business. One possible strategy to grow your client database or list, so you can increase your profile and visibility, or you might want to focus on maintaining existing clients by introducing new products or services and increasing the level and quality of services provided. Concentrate your efforts in this way will speed up your results.