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Expert Views On the Value of Business Plans

Upon reading various articles on Experts Views on Business Plans I learned a lot of valuable concepts, ideas, and strategies.  One of the ideals that stood out was by Patti Brotherton.  Patti would sit down at the end of the year and reflect on what has transpired over the last year and figure out what she can do better goals wise as well as growth wise.  I feel this is a great tool for any business owner to get a better understanding of what works and what does not in their practice.  More importantly by writing you goals and giving set deadlines will see them become a reality.  Another individual that resonated with me is Donald Trump and how he stresses the importance of a business plan because without it, you are bound to fail.  This is important because it gives you a sense of what you are doing and how you will get where you want to be.


Another great article I read was by Paul Heyworth who stresses the importance of a business plan and the message it conveys.  Paul stresses targets that way you can measure what you have achieved so far.  More importantly it gives you a clear vision of your projections and what you need to be focusing on.  This also helps in the finance side because if an investor is looking to be a part of your company you need clear cut numbers to show to them for confidence in your business.

The plans I will focus on are due dates, goals, and follow up.  By holding oneself accountable will guarantee work gets done by certain deadlines.  Also for investors I feel that projections, hard numbers, and consistent performance are the most important factors when investors are on the fence about investing in your company.  One factor that business owners, entrepreneurs, and potential investors should implement is always looking for a company or opportunity that has a history of earnings.  That way your risk is not as high because you are investing in a successful company that knows what they are doing.

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