There are business owners who go through the entire year without ever really having a clear specific goals for their business. They just go through the work routine, day after day, week after week without ever really having any direction as to what they want to accomplish by the end of the year. The reason most business owners do this could be because if they never commit to a specific goal, they won’t be disappointed when they miss it, and they won’t feel bad about their lack of a real plan to succeed. (more…)
Writing a business plan is a daunting task, but one that is essential. A well-written business plan can mean the difference between success and failure, according to Rohit Arora, a contributing writer for Fox Small Business Center. A business plan can provide you with blueprints to help you navigate through the business world while helping potential investors and lenders to understand your business approach and your plan for success. Your business plan, like your business, is forever evolving. It needs to be constantly reworked in order to remain relevant to your changing business strategy. If you’ve been toying with the...