Friday, December 2, 2011

Business Planning and Visioning - The Key to Success

One of the biggest problems that many would be entrepreneurs face is that they do not believe that they can start, and run, a successful business on their own. They believe that only those with high level degrees in business or related fields have the skill and talent to create a company, and that they’re stuck in the day to day drudgery of their jobs forever.

The truth is that whether you have a degree, or whether you never even finished high school, the key to business success is often in the business planning and visioning you do, rather than the certificates and diplomas you hold. But what is business planning and visioning? I like to think of business planning and visioning a little bit like a road map to success.

The process involves a series of exercises that are designed to help you decide how to get your business from the idea stage, to the point where you break even, and start making a profit, and beyond. There are many ways to go about business planning and visioning, and, contrary to popular belief, your business plan does not have to be written in any kind of formal language – unless you plan to use it to apply for financing. The simplest way to get started on your business plan, is to sit down with a piece of paper and a pen, and start jotting down whatever ideas you have that relate to the business you’d like to run.
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