A Business Idea Without A Plan Is Like A Ship Without A Rudder
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The article "A Business Idea Without A Plan Is Like A Ship Without A Rudder" is about entrepreneurialism, it has been written by Jim Hart.
Do you have an idea for a product or service? Would you like to start a business?
If so you will want to read that article. Here’s the good news: Every product or sevrice ever invented by mankind started as an idea. An intangible thought impulse that was turned into reality through the efforts of one or more persons working together in an intelligent and harmonious manner.
Behind those successful ideas were organized written plans—business plans that laid the founadtion and illustrated the path to success for the business owner and investors who funded the project. Then, those plans coupled with the burning desire of the entrepreneur to see the project through to complteion is what helps to make a business succeed.
The key words in that paragraph are idea, plans, burning desire.Launching a business without a written business plan is like having a rowboat that has no oars, no map no sextant or compass for direction. The goal of any business is to succeed right? The ultimate destination is scucess.
But what if you were given the rowboat mentioned a moment ago and told your destination was a specific dock in France?
How would you get there? You have no oars, no maps, no compass and no sextant to guide you—would you jump into the rowboat, push away from shore and let the current guide you that way and that with no direction?
And if you did, what do you think the probability of the trade winds and currents carrying you across the ocean safely so that you arrived at that specific dock…that specific destination?
It won’t happen will it…It is critical to have a well-written business plan to succeed in business. First, it allows you to think through the detalis of your business and see the obstacles ahead and minimizes costly mistakes. Most entrepreneurs are monumetnal on ideas and small on written plans. Evrey new business has a level of chaos associated with start up; launch and roll out and having a business plan helps minimize that chaos.
Writing a business plan is hard work. And most otfen you will get out of it what you put into it. Plans are both logical and emotoinal. First, a plan should be based on logical analysis taking a rational, realistic and hard look at the FACTS associated with the business project.
There is no room for guesswork, you want hard cold data, statistics, market trends, buyer behavior, and demographics, and there’s a lot you need to think through.
But once you have the facts that support your idea, then you can emotionalize your plans in a manner that will sell your idea to others for their participation or financial investment.Speaking of financial investment, your ability to find and recruit investors for your business is virtually zero without a well written business plan meetnig the minimum guidelines generally anticipated by investors regarding plan structure and content.Another interesting phenomenon about writing a business plan—it takes that intangible thought impulse you have--the idea--out of your head and turns the intangible” thought impulse into a ”tangible” form that can be understood by others. Writing a business plan moves your idea or project one step closer to reality.80% of new businesses fail witihn a year or two. Why? For many reasons but primraily because entrepreneurs fail to plan and over estimate sales and underestimate costs.
The greatest thing you can do to start your project in the right direction is to wirte a business plan BEFORE you leap into any business endeavor. There is power in planning and you will find it when you do it.We have a free business planning EBook called HOW TO WIRTE A BUSINESS PLAN THAT WORKS located at our web site in the freebie section, which you can download at your convenience. It is the most powerful business planning tool I have ever seen and I have over 20 years helping and consulting small businesses.
I STRONGLY suggest you take advatnage of that opportunity and get your copy yesterday.
Another Ezine Article Exclusive!Copyright © 2006
James W.
Hart, IV
All Rights reservedSMART BOOKS: http://www.Smart67.Com
FREE DOWNLOADS: We have a variety of high quality EBOOKs that can be downloaded for free at the Smart Books web site.
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A Business Idea Without A Plan Is Like A Ship Without A Rudder
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