Jim Blasingame, Small Business Advocate, celebrated his radio show's 11th anniversary yesterday, and I was proud to be there to share. We also talked about the fundamentals of business planning, and the economic mess we're in.
We talked about 5 fundamentals for business planning:
It's about results. It's not just the plan, the document, or the format, but the planning process, and how it generates (or doesn't) better business management for your business.
Form follows function. You don't do a whole big formal plan if all you need are the key modules (say, for example, the sales forecast, expense budget, and strategy) to run your business.
Metrics, tracking, and accountability. You build the plan to establish the metrics, and then you track the results, and you have better management.
Planning is about change. You don't plan and then implement mindlessly; you plan, you highlight assumptions, and then you review the results against the assumptions. When assumptions change, the plan changes.
Planning is not accounting. Accounting is about the past, in detail. Planning is about the future, in estimates and summaries and aggregation. Accounting is about profits, but planning is about cash.
Take time to explore and evaluate your business and personal goals, then use this information to build a comprehensive and thoughtful business plan that will ......
Once you have completed your business plan, go back and review your work. Remember, writing your business plan is a significant step in making your ......
Enough cash is often exactly what we needed in creating your own business, and also to achieve our goals and dreams. Of course we need to fix some problems to ease some minor crisis. When something crazy happens, we can depend on quick loans out get out of jam. I can?t tell you how many times quick loans have come to my rescue when something crazy has happened. I thought I was the only one, but apparently my secret is out. Quick loans are a convenient way to get life back to normal after something unexpected happens. I mean, I?ve never been kite boarding nor do I plan on it. So getting hit in the head by a whale tail might be the last thing that ever happens to me, unless whales hang out in knee-high lake water or Shamu decides to jump into the stands next time I?m at Sea World. However, Mother Nature recently dealt me a nasty blow. A few weeks ago there was a windstorm. The power went out, which was no big deal because I just went to bed. I woke up to a loud crash. To my dismay, the beautiful maple tree in our backyard had splintered under the force of the wind and plummeted through the kitchen roof. I am thankful that no one in my family was hurt, but an enormous hole in my roof was the last thing I was expecting. Our insurance covered most of the cost, but I needed quick money to get my family a hotel for a couple of nights and to pay the deductible. Quick loans were a quick solution to an unwelcome surprise.
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