I recently wrote an article for Kochie's Business Builders, giving readers my 3 Golden Nuggets of Small Business Success. The article generated a lot of interest (it was rated four and a half stars), so I thought I'd start a series of Golden Nuggets for Small Business on this blog.
If there's anything in particular you're desperate to know about making your small business more successful, make a comment and I'll create a Golden Nugget just for you.
Golden Nugget # 1: Planning for success
The majority of small businesses don’t plan to fail, they just fail to plan. The humble piece of paper that is your business plan can help you cement your goals. Look at your customers, how you communicate to them, your competition, and your future production plans. Write it all down. (One I like is at )
Remember, though, that the most useful business plans are living, breathing documents. So once you’ve written down what you want from your business, don’t just file and forget it. Drag it out every six months or so to see how you’re tracking against your original goals.
Has your market changed or your costs increased? Go over your playing field so you know the state of your game.
Margie
Sunday, September 5, 2010
Subscribe to:
Posts (Atom)
