Business Planning Revisited
With tax season coming to a close and my taxes finally completed, I afforded myself the liberty to take a deep breath. I decided to get outside and take a walk in the wonderful spring air. As I was walking I reflected on my business and the business planning that I did over a year ago. I remembered my goals, some were missed and some were achieved.
Business Planning Is Not A One-Time Event
What Can You Look For In Your Plan?
My suggestion to you is for you to pull out your original business plan and take a look at it.
Study these areas:
- What skills have you developed since writing your plan?
- What do you understand now that you didn’t before?
- What have you accomplished on your business plan that you can check off your list?
- What assets have you gained since you wrote your plan? (this could include new friendships, joint ventures, training sites)
- Has your confidence level increased?
- Is your overall attitude towards your business changed?
How Will This Assessment Help Your Business?
Starting a home business requires no less business planning than any other business. Statistics show that over 95% of internet marketers give up on their business after 90 days. For you to have made it a year makes you a success already. Other statistics show that most businesses take approximately 2 years to make a profit. If you are only halfway to this time investment, you may be getting discouraged.
In looking at your business plan from a different angle than money or profit, you will see that you are growing as an asset and as a person. Personal growth is priceless and you will never lose it. Anything that you have learned through this process can be used in any business and in any area of your life.
My point is that even if your efforts have not produced financially yet, that doesn’t mean that your business is failing. In looking at these different areas, and noticing the changes you can update your business plan and keep it evolving. Success comes in many different forms.
I challenge you to look at your business plan and give it the once over. Everyone needs a yearly check-up, including your business!
P.S. Please “Like”, share with your friends, and leave your comments. We look forward to hearing from you.
Remember, business planning is an ongoing process.