5/25/2017

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Starting A Business? Do You Have A Plan?

You need short and long term goals and a clear cut vision when starting a business?

Every year thousands of businesses are started by individuals and by groups of people who have the desire to build companies that will one day grow into profitable entities. They want to be able to compete on a level playing field, be governed by fair business laws, and be given the opportunity to work hard in an effort to find a fair amount of success.

Many entrepreneurs jump into the business arena without hesitation, without experience, without a plan, and without a vision. Some succeed way beyond their own expectations while others don't fair so well. This is to be expected, because even with a plan, there is no guarantee of success, but success is more likely if there is a good, well thought out, plan.

  • Do you have a business plan?
  • Do you have a vision for your business?
  • Do you have workable goals?

Most business people would agree that having some sort of vision would definitely be helpful when starting a company, no matter what type it is. Careful planning may be the catalyst that gets your business up and running on the right track.

If you are serious about starting a business, there are many things that should be considered before you open shop. You have to look ahead. You do need a vision. You need to be able to visualize what it will take to institute a business plan that is sensible, well thought out, and above all, one that will give you a leg up on building a successful company.

  • Try to visualize what it is that makes you want to open your business.
  • Give your ideas a lot of thought.
  • Talk to friends and relatives about your ideas.
  • Don't be afraid to ask for help.
  • Question everything and anything that don't appear to be what you want.
  • Never discount the suggestions of others but don't let others kill your dreams.
  • Write down your goals.
  • Be proactive in planning, designing, and developing a business strategy.
  • Take leadership classes and seminars.
  • Learn who or what the competition is going to be.
  • Study the competition thoroughly so you can know what you will be up against.
  • Keep a positive attitude about what you are trying to accomplish.

Some people are blessed with a natural ability to quickly build something out of nothing and know how to manipulate situations to benefit their interests. Others are not that fortunate. They don't have the Midas Touch. They have to work hard at staying afloat long enough to get their business on solid footing.

When a company is first started, there is no way to predict whether it is going to fail or succeed. Most successful companies are started on a whim by people just like you and me. What separates the business winners from the losers is how each strives to bring his or her vision to fruition.

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