Start With A Business Plan - Business Planning Advice For Your Women Owned Business
Business plan advice for your women owned business. Manage your enterprise and resources to achieve your goals - start with a business plan.
Why do some women seem to zoom to the top of their fields and turn their businesses into multimillion-dollar corporations while others struggle to maintain one-person companies? Is it luck? Timing? Education? Money? It might be a little of all those things. But mostly it's because of planning. Setting your goals in writing and doing what your schoolteachers always instructed you to do - your homework - makes all the difference in the world.
But what is a business plan? And how do you know how to put one together if you've never seen one before? A business plan defines your venture, identifies your goals, and serves as your company's resume. It helps you allocate resources properly; handle unforeseen complications; make good business decisions; outline how you will repay any money you borrow; and inform sales personnel, suppliers and others about your operations and goals.
Our experts will help you get started!
Most Business Owners Have Or Understand The Value In Business Insurance
It protects the business in case an insured event happens and rather than the business owner wasting time and losing business by addressing the problem, the insurance company takes care of things. Business insurance makes good business sense.
A good form of insurance but one only the business owner can handle is creating a Disaster Recovery Plan. It doesn't sound very attractive and it doesn't sound like a good use of time but let's consider the following.
If your business was hit by a severe storm, hurricane, truck or car that was out of control, flood, tornado, lightning or hail, earthquake, disease or pests, unusually high temperatures that caused damage to the building your business is in or some other unpredictable occurrence, how would this affect your business? What about a building fire, hazardous materials incident, sabotage, a loss of key staff or power disruption? Perhaps ask the same question in a different way. If something occurred to damage the business and you were out of action for a week or so, could your business survive?
Business Planning - Creating a Roadmap for Your Business
From Tapping Your Inner Entrepreneur
by Diane Sears, in NAWBO's Entrepreneurship Trilogy
Why do some women seem to zoom to the top of their fields and turn their businesses into multimillion-dollar corporations while others struggle to maintain one-person companies? Is it luck? Timing? Education? Money?
It might be a little of all those things. But mostly it's because of planning. Setting your goals in writing and doing what your schoolteachers always instructed you to do - your homework - makes all the difference in the world.
Whether you plan to sell canned fruit out of your home kitchen or run an architectural firm that designs resorts around the world, you need a roadmap of where you want to go and how you intend to get there. Otherwise, how will you know whether you've made it?
