High-Achieving Women's Blogazine

If one does not know to which port one is sailing, no wind is favorable. – Seneca

Do you want to wake up every day with a smile and a zest for whatever possibilities the day will bring?  Do you crave a life where your creativity and talents thrive without limits?  If you do, then take the time to plan for your success and happiness.

Many business people fail to prepare a business plan mainly because they are intimidated by the process.  This process does not need to be overwhelmingly complex; but it does require some thought, some research and a conscious effort to put pen to paper or fingers to keyboard. 

Here are 10.5 tips that you must address.  How much detail you give to each step is up to you and how successful you want to be.  Here they are:

1. Identify the purpose of your plan
2. Outline your personal qualifications
3. Clearly define your business
4. Clearly define your market or niche
5. Know your industry
6. Know your competition
7. Do the math
8. Know when to ask for help
9. Pull it all together
10. Keep the plan up to date

  10.5.       Review these steps on a quarterly basis to make sure you are on target

Don’t forget to plan for problems.  Whether it’s a national recession, a blizzard that knocks out communications or mail delivery, or a computer snafu that wipes out important data, glitches will occur.  In other words – expect the unexpected and have a backup plan in place.