Starting A Business

RE: Business Plan 2.0

Adducent — Thu, 22 Oct 2009 14:40:47 GMT

This is excellent advice and even more important in light of economic events over the past year. Businesses of all sizes need to be more nimble in responding to changes that, even at a distance, have impact on their business and target market. Here are few other things to consider that should cause you to revise your plan:

These are some signs that indicate its time to review your plan:

1) As mentioend in the article: Major changes in your industry or market. Changing market factors and behavior are major indicators to be alert to the need to revise not only your written business plan but your business model itself.

2) When something affects your underlying business assumptions (that your business model is predicated on).

3) When you become aware of new competition. Has new competition changed the product or service picture for your market?

4) Internal changes. Changes in ownership should trigger a need to look at your business plan and revise the Management section and also if the new ownership has positive aspects that broaden opportunities for the company.

Keep revisions in perspective. Don't revise just the written plan; its the real-world application of that plan reflected in your management of the business that is important. Changes in your plan may initiate a change in your operations and execution of the plan. Don't make changes in the written plan just because it "sounds good"--you don't want to put something in your plan that you really do not do. Be sure to actually implement what you say in your plan.

Dennis Lowery
Adducent, Inc.

You'll find that reviewing and periodic revision of your business plan gives you a better grasp on your business--and that usually yields a positive impact on your success.

RE: Getting Started: Part I

countryboy — Mon, 21 Sep 2009 01:05:47 GMT

well done not what i was looking for but very good

RE: So You Want To Have Your Own Business

Corneredcircl — Sat, 15 Aug 2009 19:54:03 GMT

This was a well thought out article, I could see the argument shaping in my head. And as a writer that is where I do most of my critical thinking. I was only looking to create a fresh business using an old business model. Is it then possible, to purchase a business and taper it to what you want it to be. Within reason. I'm not asking to buy a burger joint and turn it into an amusement park. Is this something that can be done. Or would any funders see this action as the business becoming a start-up?

RE: Keeping It Real

1urduja2 — Sat, 25 Jul 2009 00:53:55 GMT

Mr. Max Berry, you're absolutely right, by setting too high an expectation of one's self can leads to great stress! I'm guilty. Thank you for bringing this out. I will remind myself nextime.

Perhaps you can be my sounding board!

RE: Keeping It Real

alwinaw — Sun, 28 Jun 2009 12:23:53 GMT

Excellent advice

RE: Business Plans

kiki55 — Mon, 01 Jun 2009 08:49:19 GMT

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RE: Starting A Business - Part I

kiki55 — Mon, 01 Jun 2009 08:45:16 GMT

You are surviving the recession and you are waiting for the recovery. Now, while you wait for the recovery and the chance to once again make some money, take a look at these marketing recommendations and plan ahead, but also the main key for your small business.
Focus on high-potential customers, don't assume a return to normal, assess your target customers, trust in your brand, stay focused on costs, know your lead indicators, develop scenarios and don't wait for permission. These steps are one, but for your small business, the www.bizcloud.net is an innovation tool that you don't have to miss.

RE: 7 Steps to Small Business Success

kiki55 — Mon, 01 Jun 2009 08:39:00 GMT

If you are looking to sell or buy a business. Check out www.Bizcloud.net for Free. You can post biz for sale, associate with a business, promote your business and view businesses for sale.No fees! They provide tons of tools, neighborhood, demographic data, and ratings so you can make an informed choice. If you are a broker why pay other sites to list a biz for sale when you can do it for free at Bizcloud? Read tips in buying and selling a business or participate in the business blog on the site.
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RE: Think Green

aacl2009 — Sat, 16 May 2009 01:02:01 GMT

There were some good points made in this article. I looked up the "green" landscape company and it is actually located in Idaho and not Ohio as stated in this article.

RE: Business Plans

Creative2009 — Sat, 25 Apr 2009 17:31:15 GMT

Excellent source of information. I was looking for this information for my new business venture. Now I found this on time. Thank you for the post