Large companies do it all the time. The big bosses decide to hire some expensive consultants, spend a week at some 5 star resort and emerge at the end of the week with a new business plan for the corporation. It’s usually called something exciting like “New Directions for Success” or “The Strategic Way Forward.” They congratulate themselves on a good job and head for the bar. The following weeks will see much activity as the new gospel is passed throughout the company but the enthusiasm soon starts to fade. Within six months, all that remains are a few half baked and disjointed aspects of the plan which now rests, pretty much forgotten at the back of the filing cabinet.

As a small business owner you have a huge advantage over the big boys. You can craft a plan for your small business that is lean mean and effective. Most of all, you can have a plan that becomes a day to day blueprint for the successful running of your business.

Here are 6 practical guidelines that will help you write a dynamic, working business plan for your small business:

1, Have commitment to your plan

If your small business hasn’t got a plan then it’s got little sense of direction. Would you go on a week’s holiday with only a vague notion of heading somewhere warmer and a hope of having a good time? Or would you carefully select your destination, choose suitable accommodation, select your route and decide how you’re going to get there? Your small business plan represents your future so give the process of planning the importance it deserves.  Read more... (637 words, 1 image, estimated 2:33 mins reading time)

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