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Small Business Planning -- Three Myths


Small Business Planning -- Three Myths
Copyright 2005 Denise OBerry

Action City Community Guide Are you -- like 70 percent of small business owners --
working without a plan? Here are three myths that need to
be dispelled about strategic planning for small business.

The Federation of Small Businesses has published an action plan to encourage the government to address the problem of businesses crime. This ten point action plan is entitled "The Forgotten Fifth", referring to statistics which indicate that 20% of crime is committed against business. In the small business community, frequent victims of crime are vulnerable to crippling losses and even possible closure. This action plan is designed to raise awareness of the problem and to make recommendations as to how it should be addressed.

Planning Process Strategic 1. It has to be formal -- Not so.

While you may put more thought than this into your precious vacation, you may not be so strategic when it comes to planning and designing your fitness program. Millions of first time, as well as veteran exercisers, plan their personal journey to physical fitness in just this way. With no thought, no plan of action, and no goal. What results is, more often than not, a lack of motivation that leads to yet another casualty on the fitness highway.

Sample Action Plan The value of a strategic plan for your small business is in putting the ideas on paper, creating action steps that will get you where you want to go and implementing those action steps.

The simplest way to write a business plan is to download an appropriate template and fill it in. Look for a business plan template that's geared to a small startup business. Generally, business plans for small startups are about fifteen to twenty pages long. All business plans should have a cover page, a two or three paragraph executive summary,

Mcgill Action Planning System 2. I'm too small -- Not so.

When you first start out trading, it is difficult to trade on the spur of the moment. There are too many issues to attend to, and without a wealth of experience, you are bound to make mistakes. Making a specific action plan while trading has clear benefits. Scientific research illustrates how action plans help people achieve their goals. Dr. Gollwitzer, Professor of Psychology at New York University has conducted several studies that show the benefits of making specific plans that outline WHEN, WHERE, and HOW to perform an action.

Nonprofit Organization Even a one-person business can benefit from a strategic
plan. A strategic plan can help you make decisions about
time management and budget. You can use your strategic plan
to help you determine whether to attend an event or
advertise in a publication. It's a check and balance tool.

Do you want business plan templates. Try OfficeReady Business Plans to help you create your business plan from business plan templates. Find out how our business plan templates can help you create your business plans.

Customer Satisfaction Action 3. A strategic plan is like a ball and chain -- Not so.

Action Business Execution In It's your plan. Too many small business owners feel like
once it's on paper, it can't be changed. Wrong! Your plan should be an active document that gets reviewed and updated at least monthly, if not weekly. You're the business owner, you wrote it, you know what's happening in your market -- adjust as necessary.

It Planning Strategic
----------------------------------------------------
Denise O'Berry helps small business owners take action to
grow their business. Find out more at http://www.smallbusinessmatters.com

Action Plan Template Denise O'Berry helps small business owners take action to
grow their business. Find out more at http://www.smallbusinessmatters.com



Contact him at http://www.deniseoberry.com

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