Points to Ponder When Planning a Business
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Doyle Christensen
Jul 20, 2013, 1:18:40 PM7/20/13
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Please consider this free-reprint article written by:
Doyle Christensen
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Article Title: Points to Ponder When Planning a Business
Author: Doyle Christensen
Word Count: 516
Article URL: http://www.isnare.com/?aid=1852469&ca=Business
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1852469
Easy Publish Tool: http://www.isnare.com/html.php?aid=1852469
*********************** ARTICLE START ***********************
One of the worst mistakes of someone planning a business is saying that you already know everything. The more they try to tell themselves that, the less work is accomplished. Try focusing on a few points.
-Business Plan
Start-up businesses are not always spur-of-the moment type of establishments even if some grilling joints claim that it�s borne out of cooking bar chow for drinking buddies. If start-ups with a plan still fail, what more for those who didn�t plan? Taking time to sit together with potential partners and going through the necessary steps in planning a business puts order and direction into the setting up stage as well as the implementation stage whether it is an LLC or any other type of business entity.
-Budget
Of course, just as in any other state, the economy is not rosy. But that doesn�t mean that enterprising businessmen should stop looking for funding for their business. You can get a loan using the business plan or feasibility study to show the bank how the money being borrowed will be spent. The budget should be realistic enough to include details about all operating expenses such as those that would be spent for office supplies, equipment, rental expenses, and other miscellaneous items. If ever an audit arises, at least you have a paper trail to keep track of the expenses.
-Customers
When planning a business, it is important to identify who your customers will be. This information should be taken further to pinpoint where these customers will be found and how the company will be able to reach out to them. This is important especially for LLCs and smaller businesses without much capital to spend on advertising and promotions. Identifying opportunities and zeroing in on high customer density areas is a wise move.
-Products and Services
Planning a business, of course, involves having solid products and services to offer. Even if you have a huge market to speak of, having products and services that are not good enough or are simply passable in quality would not cut it. In today�s market, consumers find it a lot easier to express what they don�t like in a product or service rather than what they liked about it. You have to listen to your customers and learn to distinguish between constructive criticism from plain bashing.
-Spending Time
Whether you have an LLC or any other type of business, you have to make sure that you devote enough time in running the businesses. The problem with some business owners is that they do not pay much attention to their operations and leave everything to their managers. When planning a business, you should likewise plan how you would allocate your time in running your business. This is especially true for some business owners who have other important concerns to take care of such as in the case of someone who is still employed with another company while running his own business.
About The Author: If you are looking for information on planning a business in Tennessee, click on the link. Or you can visit http://www.ezonlinefiling.com/.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1852469
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Doyle Christensen
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=1852469
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=1852469
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Points to Ponder When Planning a Business
Author: Doyle Christensen
Word Count: 516
Article URL: http://www.isnare.com/?aid=1852469&ca=Business
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1852469
Easy Publish Tool: http://www.isnare.com/html.php?aid=1852469
*********************** ARTICLE START ***********************
One of the worst mistakes of someone planning a business is saying that you already know everything. The more they try to tell themselves that, the less work is accomplished. Try focusing on a few points.
-Business Plan
Start-up businesses are not always spur-of-the moment type of establishments even if some grilling joints claim that it�s borne out of cooking bar chow for drinking buddies. If start-ups with a plan still fail, what more for those who didn�t plan? Taking time to sit together with potential partners and going through the necessary steps in planning a business puts order and direction into the setting up stage as well as the implementation stage whether it is an LLC or any other type of business entity.
-Budget
Of course, just as in any other state, the economy is not rosy. But that doesn�t mean that enterprising businessmen should stop looking for funding for their business. You can get a loan using the business plan or feasibility study to show the bank how the money being borrowed will be spent. The budget should be realistic enough to include details about all operating expenses such as those that would be spent for office supplies, equipment, rental expenses, and other miscellaneous items. If ever an audit arises, at least you have a paper trail to keep track of the expenses.
-Customers
When planning a business, it is important to identify who your customers will be. This information should be taken further to pinpoint where these customers will be found and how the company will be able to reach out to them. This is important especially for LLCs and smaller businesses without much capital to spend on advertising and promotions. Identifying opportunities and zeroing in on high customer density areas is a wise move.
-Products and Services
Planning a business, of course, involves having solid products and services to offer. Even if you have a huge market to speak of, having products and services that are not good enough or are simply passable in quality would not cut it. In today�s market, consumers find it a lot easier to express what they don�t like in a product or service rather than what they liked about it. You have to listen to your customers and learn to distinguish between constructive criticism from plain bashing.
-Spending Time
Whether you have an LLC or any other type of business, you have to make sure that you devote enough time in running the businesses. The problem with some business owners is that they do not pay much attention to their operations and leave everything to their managers. When planning a business, you should likewise plan how you would allocate your time in running your business. This is especially true for some business owners who have other important concerns to take care of such as in the case of someone who is still employed with another company while running his own business.
About The Author: If you are looking for information on planning a business in Tennessee, click on the link. Or you can visit http://www.ezonlinefiling.com/.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1852469
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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