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Plan Your Plan - Entrepreneur.com. You've decided to write a business plan, and you're ready to get started. Congratulations. You've just greatly increased the chances that your business venture will succeed. But before you start drafting your plan, you need to--you guessed it--plan your draft. One of the most important reasons to plan your plan is that you may be held accountable for the projections and proposals it contains. That's especially true if you use your plan to raise money to finance your company. Let's say you forecast opening four new locations in the second year of your retail operation. Second, as you'll soon learn if you haven't already, business plans can be complicated documents.
To sum up, planning your plan will help control your degree of accountability and reduce time-wasting indecision. Determine Your Objectives Close your eyes. Answering these questions is an important part of building a successful business plan. How determined am I to see this succeed? Business Plans. Ready, Set, Launch. Five steps for getting your business up and running successfully.
If you're reading this, it means you're interested about starting a business. Now it's time to focus your entrepreneurial spirit using the following five steps. 1. Look for that "aha" moment Sometimes the inspiration for business ventures comes from what's around you--or from what isn't.
Take Entrepreneur magazine's home base of Irvine, Calif. Rather than waiting for someone else to capitalize on the idea, they purchased one of Entrepreneur's business startup guides and launched a restaurant delivery business. Netflix provides a similar example. The lesson? 2. Plenty of people argue yes. Entrepreneurship professor William B. "You're two and a half times more likely to get into business," Gartner says. That stuff includes researching markets and preparing projections, which is valuable in itself, and also increases the chances that an entrepreneur will follow through.
But more isn't always better. 3. 4. 5. Starting a Business: The Idea Phase. You know you want to start a business, but what do you do next? Here's how to find the perfect idea for your business. Many people believe starting a business is a mysterious process. They know they want to start a business, but they don't know the first steps to take. In this chapter, you're going to find out how to get an idea for a business--how you figure out exactly what it is you want to do and then how to take action on it. But before we get started, let's clear up one point: People always wonder if this is a good time to start their business idea. Estimates vary, but generally more than 600,000 businesses are started each year in the United States.
Everyone has his or her own roadblock, something that prevents them from taking that crucial first step. But unless you're a technological genius--another Bill Gates or Steve Jobs--trying to reinvent the wheel is a big waste of time. Get the Juices Flowing How do you start the idea process? And don't overlook the tried and true.