One of the most common reasons for business owners not getting the benefit of business planning is putting off doing a plan because it seems too hard. People still think of a business plan as a big formal document, hard to do, and — sadly — not worth the effort. But what they miss with that attitude is the lean planning that could steer their business better.
Are you thinking about starting a business in 2019? This is a good time to go over the essentials of how to write, review, and manage your business plan. Like so much else in business, the business plan has evolved with technology and changing business standards.
Before I share my ideas on how you can get past your fear of buying a franchise, I need to address this issue:
No traffic, no tie, no sweat. From telecommuting to running their own business, many people are forgoing a traditional office setting for the comfort of their own home. Regardless of what kind of work you’re doing, you should make sure you are informed as to what kind of insurance coverage you are entitled to.
If you are a small business owner, you always have an eye out for your next contract. Receiving an RFP (request for proposal) could be a way to win a new client. Unfortunately, it may also be a scam. Scammers are sending RFP emails that use the names and info of real companies in hopes of fooling business owners.
Whether you are just branching out or gearing up for your umpteenth year in business, it never hurts to have a supportive network around you. Owning a business can not only be stressful but lonely. Not every family member or friend will understand or emphasize with your entrepreneurial journey. The key is to surround yourself with like-minded individuals who can offer advice, share opportunities and listen to your big ideas. Go beyond your typical inner circle and broaden your network of support.
No doubt, there are probably quite a few regulatory and administrative items on your new business checklist – getting a permit, registering your business name and more!