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It is important to consider every worker's input to ensure that the outcome is something that's pleasant to all.
"Too many companies treat it as a confidential document to be kept away from the 'prying eyes' of the rank-and-file employees.
I believe the business plan should be shared, discussed and amended where appropriate, through an open loop of feedback and insights." The more people who are involved, the more ideas you can circulate around the company, Cohen said.
The only time Sammi doesn't play it safe is when she's writing.
A business plan is a written blueprint for your home business.
The US Small Business Administration (SBA) estimates that as many as 90% of all small businesses fail in the first two years. After all, why would you want to spend time and effort, as well as risk your own money, when there is only one chance in ten your business will survive?
Whether you decide to hire someone who writes business plans, write it yourself, or use software, you still need to take an active role in the process.Klein stated that the document doesn't need pages and pages of text; rather, it can include images, infographics and specifics "so that it can be used as a point of reference at any point in time to ensure that the business is on the right path and is meeting its goals." Your plan is there for a reason.Don't be afraid to refer to it as much as possible — think of it as checking the map when you've made a wrong turn.However, if you're going to take a leap, make sure you first test the water."Don't get mesmerized by the attractive macro data you can find on the web," said Dr.Additional templates and resources are available at the following sites: Sammi Caramela has always loved words.When she isn't working as a Purch B2B staff writer, she's writing (and furiously editing) her first novel, reading a YA book with a third cup of coffee, or attending local pop-punk concerts.Pay close attention to the "five forces" – threat of entry, threat of substitutes, supplier power, buyer power and competitive rivalry.Additionally, research critical success factors, or important areas to focus on when investing in a project.There is nothing wrong with using your plan to get back on track or to make sure you're still on course."The biggest mistake people make is [that] they prepare the document, and then put it in a drawer and never look at it again. Finally, remember that you should revisit your business plan as your company grows.