Action For The Week

HAVE a business plan. Anybody wanting to survive in business has to have a vision, a plan.

It is an essential tool for thriving and moving forward as a company. Make sure you have one. When you go on a car journey, if you’re sensible, you will have mapped out your route.

You know where you are, where you are going, and how you’re going to get there. It is no different in business. Map out your future plans, funding, market trends, market size, accounting and cash-flow, as well as a multitude of other elements. Do it today.

(Extract from The Naked Millionaire)



4 Comments

  • Chris Everton

    Without a business plan there is nothing. No business can survive without one.

  • Paul

    I ran a business for a short while and did it without a business plan. One of the reasons I went into business was to feel as though I was in control. Except that actually, when I was in business as a partnership, we didn't really have control because we had no vision or statement setting out how we would survive and where we wanted to go.I still maintain to this day that the naivety of me and my partner and I in not having a plan proved our undoing.

  • Margaret

    Business simply doesn't operate without a plan. Only the foolhardy go into a partnership or sole trader situation without knowing what it is they are aiming to set out to achieve.

  • Chris Everton

    I think you can get buy on the seat of your pants, for a while, although long-term strategy is important once you get yourself established.

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