it was finished.It bothers some business owners when I say finished
because they think it will always be a work inprogress.
If you are considering selling the business, you should have a ³finished´ product tosell.
That is when I wrote my first real business plan. Can you imagine starting a business and nothaving a business plan in place? If you are like the majority of business owners... yes you can.I decided to write how my company would operate when it was complete and what it would looklike if I ever decided to sell it. I didnµt realize at the time that this would be the start of a verysolid business plan that my future buyers would be very impressed with.I started with a marketing plan. I then attacked the accounting end of the business, and thenpublic relations. I also addressed how the meetings would be run, how management would work,what computerized systems could be put in place, the kind of training I would emphasize, how thefiling would be done, and how the organizational part of the company would work.It took a lot of time and thought to create the systems that are needed to make a company notonly survive, but thrive. As I wrote out each section of the business plan, I continued feelingempowered. I started to feel like I was back in control of my life and my business once again. As Icontinued to work ON the business, I followed diligently the five musts in goal-setting that I wasalways speaking about to audiences all over the country.These five musts have worked consistently for me for years in both mypersonal and my businesslife.They are:
Goals must be written.
Goals must be attainable.
Goals must have a specific action plan.
Goals must have a deadline.
You must keep score of your goals.I used a goal-setting sheet that I for each area of my business. Some goals were much longerthan others because of the systems I put in place, but they were all as important to the businessas the next.This paperwork was soon bound and became my bible ² my ongoing business plan.