Better Business Ideas

When you have your own business, you don’t want to do just ok; you want to do better business. You want to be busy and successful, and you want to be around for a long time. What your business gives to you will reflect what you have put into it. Many come and go, and only the truly great business will stand the test of time. If you don’t know what you are doing, you had better partner up with someone who does. Sometimes it takes two people to make a better business that will stand the test of time.

You may have the idea, but do you have the knowledge to back it up. It is a rare person indeed that can come up with a better business plan on his or her own. Almost every successful business has come from at least two people, though there are exceptions. You really can’t expect to do it on your own because there are just so many things that you need to know. If you want to do it on your own, you may want to ensure better business sense by taking some business courses before you dive in.

Running a better business might mean knowing that you don’t know everything. Have you ever seen a store and thought it was an awesome idea, only to see that they have gone out of business less than a year later? It happens all the time, and in many cases it is a matter of someone thinking they could do it all on their own. If you can admit that you can’t handle everything, and that perhaps having help might be the best tool towards running a better business, you are already half way there.

The same can work in advance. You may have all the knowledge to run a better business, but you need that one amazing idea that no one else has had. You can do the same old tired thing, but why would you want to? To be truly successful, you want to come up with a better business than anyone else in your area. You want something they can’t get somewhere else, and you want to keep them coming back for more. There are many successful businesses that you may think of and think of only one name, but you can be sure they had a great team backing them up all the way.

5 Reasons Why Writing a Strategic Business Plan Dramatically Improves Your Business

Writing a strategic business plan is a critical business management skill that unfortunately in small business is often neglected or ignored. Various studies show that only one in ten businesses have an up to date written business plan. Many businesses do a plan at some stage but 90% do not have an up to date consistent and competent planning process.

As a business coach, I create 90 day action plans every 90 days for all of my clients and the direct result is motivation, direction, focus and better results.

So what are the benefits of writing a strategic business plan? Well here are 5 main reasons why writing a strategic business plan equals maximum business success.

1.Better Management Results

Business planning has long been recognized as one of the first and critical functions of superior management. When planning is not done it is so much harder to lead effectively, to organize key staff, to know which marketing strategy to implement and to know how to grow your enterprise effectively.

2.Keeps your business on track and in better control

There is a proven link between effective leadership control and planning. Why? A business moving towards a set of pre-determined goals and targets, with specific strategies, has against this, a set of measurements and tracking to control if it is effective or not. With this crucial information, a business can therefore make better decisions enabling a better chance of success.

3.Integrate personal and business goals effectively

By focusing on a mix of personal and business goals creates a more realistic feeling going forward. After all, business and personal are always entwined. We all want to achieve more in our work or career so that our personal live is more effective.

A great idea is to put into every plan your three top five year goals for your company. Then your top three personal goals (only if you are the leader or owner).

Then deviate to the short term. Write down your three top one year business goals and personal goals. Have the courage to do this and put it in writing. Review it weekly and look at the possibility of changing your plan every 90 days. Follow this formula for the best chance of long term success.

4.Focus on goals and directions

Goal orientated companies generally out perform those without goals. A big statement but a truism as far as I am concerned. Are your business goals written down and clear?

If not, consider a 5 year view, a 1 year view and a 90 day view of your business and personal goals that are written down and smart tested. Smart tested stands for Specific Measurable Achievable Realistic and have a Time-frame.

5.Improve the efficiency of your systems and overall business performance

Policies and procedures are a vital part of your business improvement so writing a strategic business plan must outline what procedures you intend to improve over the next ninety days and beyond. A practical step depending on the size of your organization is to take one system or procedure every one to two weeks and write it down, look at it’s process and involve your team (if applicable) in improving it and document it further.

Imagine the difference in your business if twenty six policies and procedures were focused on and ultimately improved each year. Now that is continuous improvement at its greatest. Writing a strategic business plan with the planned procedures is an important bridge between thinking and implementation.

Writing a strategic business plan need not be a complicated, drawn out process. It can be motivating, enlightening, empowering and reflect the true feelings of leaders and others to achieve outstanding success. If you are serious about getting business success you must have a strategic business plan. Otherwise where you want your business to go and where you want it to be might not be where it finishes. Business failure and the lack of planning go hand in hand. The statistics tell us this. You need a plan to give yourself the best possible chance of outstanding success.

If you would like to learn how to write a strategic business plan with some of the world’s best planning resources, then you must check this program out. Best Business Planning Resources It’s guaranteed and thousands have got the results to prove it! Write a Strategic Business Plan

7 Ways to Smile Yourself To a Better Business Plan

I have a client that is a brilliant problem solver. He is a Macgyver of business problems. But when it comes to his emails, memos or letters it begins to look a little jumbled with misspellings and incorrect word choices. He figures he will get back to it later but that takes too long so he hits send and away it goes.

I have another client who thinks in pictures…when he is describing something to you it is always a story. He is a modern day Aesop.

Boy, keep those guys away from a business plan! Or not!

Your business plan needs to reflect you and your personality.

Yes, correct the spelling and grammar to make it easier for the receiver but do let your smile shine through.

Here are seven hints, tactics or ideas to help you:

Use Photographs – if a picture tells a thousand words, use plenty of them and go easy on the text. Let your pictures tell a big part of your story.

Use PowerPoint – though PowerPoint can be passe in center circles we predict that your lenders will appreciate it if you use it to tell your tale.

Avoid jargon and acronyms – they ‘be cool’ with your industry geek buddies but ease up on them for the rest of us.

Picture this – use picture words to tell your story. Let us feel why Mrs. Smith needs to hire your new computer tracking service to keep track of her hubby! Use these pictures in the words that you use: change the lemon into a golden lemon from sunny Napoli – if you want more impact.

Easy on the prose: Yes I read (and wrote number 4) – but small does go a long way.

Graphs are keen: When dealing with numbers use their picture cousins – graphs in all their forms help tell the story

Picture the ending as you are telling the story and do not be scared to repeat it….in the introduction….a little more in the executive summary and in all its glorious sun-soaked splendor in the conclusion. Be consistent but more flavorful as you go along.

Bonus point: some of the best business plans that we have seen were done on the back of those restaurant place mat napkins. Ensure that you go to a restaurant those uses those.

PS for really big deals go to a restaurant that uses paper table clothes – now you can really sketch out your deal!

Smile!