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Old 09-25-2010, 12:56 PM   #1
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Default Business Planning

Almost time to start looking back at the year, maybe dig up the goals thread from the beginning of the year!

Here are some questions you may want to ask,


How much business will be sold, built and collected by December 31?
What will be your net profit?
What will be your Gross Profit?
What will be your Gross Margin?
What will be the total owner’s compensation?

More here.......
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Old 09-25-2010, 02:49 PM   #2
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Thought about it. Wrote it out. Put it in a file folder. Easiest one I've ever done for the Painting and Remodeling business....LOL. Think I'm starting to get the hang of this retired gig.
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Old 09-25-2010, 06:17 PM   #3
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I've found, both personally and with others, that a business plan as extensive as Michael Stone suggests tends to collect dust. That is, if it ever gets completed. I used to write a 20-page plan each year and it was a lot of wasted effort.

Several years ago I simplified the process and now my plan consists of bullet points that include revenue goal, leads required, marketing, and other key actions. I break this down by month. I then have a list of what actions I need to take each month.

I agree with Michael that we need to consider many other issues, such as assessing our market and analyzing our business, but I haven't found much value in writing page after page on these issues. Again, a few bullet points will generally suffice.

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Old 09-25-2010, 06:22 PM   #4
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Personally my business plans are ever evolving I think you can make a 1 page rough outline and it will work even better just expand on some ideas through out the year and see if they work
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Old 09-25-2010, 09:37 PM   #5
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I have never written a business plan. I'm about to enter my tenth year. Every year has gotten better. I learn from experience and mistakes, I just do not feel the need to write things down. I generally adapt as I go along.
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