Business Planning for Success

Last Update: June 17, 2015

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.

The best way to start is by using SWOT analysis With your ideas arranged and listed on paper, break these into;

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.

You can read the full article here https://.... I have been made aware I cannot add a link to my site thanks Leo and Robert for the reminder see below

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JewelCarol Premium
Great advice, thanks for sharing, Darren. :)
Btw, thank you for commenting on my site and I have also commented on yr lovely site. :)
dazwilk Premium
Thank's Jewel
Mark-Dom Premium
This is great advice Daz, Fail to plan then you plan to fail.
dazwilk Premium
It's all in the plan, plan your work and work the plan