Many women are so confused about the words – “Business Plan”. What is it? Who should I be running? Do I really need? What does it really do for me? A business plan is a written plan for your business. He describes a summary of what your business is about and the goal. It also describes how your business should operate. The term “business plan” was first developed by the bankers, who wanted a detailed report on how the company will lead to profit, before they take a decision to borrow. Today not even entertain a business banker, commercial loan applications without a business plan. In short, the answer is yes, you really need a business plan if you really want to create a solid foundation under your home-based business. I think that the reason so many women suffer in the context of the business is because they think they are, to some fancy figures and statistics on their activities, which of course is very frightening to anyone. This type of plan known as the executive’s business plan. This is a list of the banks, the SBA and other lenders, who can apply for a substantial loan. Typically, this type of projection of a 3-5 year business plan, how much money your business would do if they were to lend you a certain amount of money. Although you need this type of business, if you want to expand your business, the most important thing for you, if you have 3,6,9, and the next 12 months. One of the best form of business plans to take out the “Business Plan Work.” This plan answers to five “W” – Who, what, where, when and why. There is no advance to the desired length of the work should be the business plan. Remember that you can not write to impress, writes that address important issues of starting your own business. This plan is only for your planning purposes and can be later extended to all executive level. Read the following descriptions to help you write your thoughts and work plan. 1st Mission – What is the purpose of your business. What is intended to serve. 2nd Objectives – What results have your own business because of its mission. (For example: KG companies over the $ 50,000 the first year of heavy 5% margin of error of their documents). 3rd Leadership – who run the company and what skills a person has. What additional skills or resources? What are the names of others who could serve as mentors, or help you grooming your business success? 4th Service / Product – What products and services are offered? How they are produced. If you sell a product, how much product you need in stock? Do you have a start-up capital needed to buy the products? If not, how do you raise the capital needed? 5th Customers – Who are your customers? What area are they? Is this a service or product they want to buy? Is the typical profile of a new customer. 6th Competition – Who are your competitors? Where are they located? What are their prices? What services or products they are selling? How could you do better? 7th Marketing – How to market your business? How much money do you need to market your business? How competitive is your market your business? Do you need business cards, brochures, letterheads, flyers, etc.? 8th Office Set-up – What is your daily office procedures, what you do every day will lead to the sale of your product or service? What accounting system you use and how often do you input your information into the system? Do you need an accountant? What supplies do you need? What type of furniture do you need? What office do you use? Where is your office? 9th Finance – How much money you need next? Your income $ $ Ad / Promotion Bank charges $ Business Insurance $ $ Business Lease / Rent $ Internet (including Web site hosting, etc.) Supplies $ $ Porto $ Printing $ Phone Training $ Utilities $ $ Marketing / Advertising Equipment $ Furniture $ 10th Networking – Who needs to know about your new project and why? With the contacts you need to have? Why do you need to know about them? What are they for you? Contact Management Establish a good contact management system itself. Today, paper includes a list is not effective. A good contact management software is needed. If you use MS Office, MS Outlook you must have already been installed, and will serve nicely. Other popular contact management software, ACT and Goldmine. Whatever system you have a contact, you must be prepared to update your system at least twice a week. Evaluate how you can contact the system. Be sure to schedule this on your calendar or palm oil. Establish a good contact management system itself. Today, paper includes a list is not effective. A good contact management software is needed. If you use MS Office, MS Outlook you must have already been installed, and will serve nicely. Other popular contact management software, ACT and Goldmine. Whatever system you have a contact, you must be prepared to update your system at least twice a week. Evaluate how you can contact the system. Be sure to schedule this on your calendar or palm oil. 11th Sales in the number of clients you service or product you are selling will give you an accurate picture of whether you have success in your business. But first you must have a measurable sales goals, in order to succeed. Start by assessing where you want to be on sale for the first 3 months, 6 months, 9 months, or years. By doing this you can review your plan every three months and decide whether you need to improve marketing, etc. 12th Start Date – Select the start when you start your own business or working at a business plan. Make sure you have all the services available in the publications or products offered. Also, assess and monitor yourself every day during the first month to ensure that you follow your plan. After 30 days, monitored every week and every month of the paragraph. 13th Keep in mind that the plan does not work if you’re willing to put it into action! About the author: Trina Newby is a business consultant, CEO and founder of Women Biz, membership organization that provides small business resources, tools and networking opportunities for women.