By Charif Slag at April 20 2019 08:17:12
Do you work on your business as much as you work in your business? Do you ever dream about having a good lifestyle but just haven't quite figured out what to do about it. Have you ever thought about seeing what your business would need to do to give you those dreams? Developing a growth business plan could be the answer. So, why should you make a growth business plan? Well in simple terms you need to know where you're going and how and when you're going to get there.
Here is the way I would encourage you to set up a growth business plan: • Do some dreaming about what you would like your lifestyle to be • By dreaming decide on an average income you would like to have over the next few years • Decide how many years out you would like your plan to cover • Decide how much profit you would like for your business to generate above the income you want for yourself. • Set up a profit and loss statement of your existing business or your proposed business • With the right business knowledge and a profit and loss statement you can actually use that data to see what your business would need to do for you to give you that income and profit • Even better you can determine what size market you would need and even determine whether your market would support your business presently and in the future.
But your idea may be so new that you may also need to talk to potential customers, host some focus groups, talk to an ad agency, or maybe even make a prototype and float it past some people. Be prepared to spend the time. Remember, it's not about the Plan but the Planning. Build It on Paper First _ Whether you decide to use business plan writing software or to just follow this guide and create your plan with your word processor, here are the sections of a good plan and the questions that need to be addressed: Cover Page _ Show the name of the company, your name, and the date. Introduction _ What is the name and address of the business? Who are the principals, their titles, and their addresses? What is the nature or purpose of the business? What is your launch date? How much start_up and/or operating capital is needed? Executive Summary _ One to three pages that summarize all the information to follow; come back and write this last.
Timelines vary greatly for creating a plan depending on the writer's experience, the business type, the detail required, and how much industry and market research is necessary. There may also be other factors. In most cases, however, a detailed plan can be created within 2ι weeks. Plan Costs Business plan writers and companies charge very different amounts for their services, ranging from as little as 躔 to as much as or more. A good pricing model is based on the factors mentioned earlier, such as length, complexity, research required, etc. Generally, 躔 is not enough for a plan because of the many hours that go into creating one, and is way too much for clients to pay. That being said, a good, well_written and professional document of about 30 pages in length should be more in the range of 逤 to . This pricing structure is very reasonable considering that most of the work can take more than 50 hours to complete. In terms of an hourly rate, most professionals charge between ษ to ำ per hour.