Business Planning for Success
Business Planning for Success, the importance of writing a business plan can often be frequently overlooked, and many business owners only write a business plan when seeking finance and then often by the request of the financier. A business plan is not just a document for banks to read. A well-written business plan is a roadmap for your business success.
Strengths: List your strengths and how these will give your business an advantage.
Weaknesses: List these and how they can affect your business be honest.
Opportunities: List out the opportunities you think are available to tap into you will be surprised at the different opportunities that are out there.
Threats: List out your known threats such as government policy changes and your competition, List unknown threats, this may take a bit of thought, it could be you are in an earthquake zone. How will you deal with these threats and what impact will they have on your business long term.
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