Tangible,Benefits,Business,Pla business, insurance Tangible Benefits of a Business Plan
As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise. Franc Small offices have unique needs, and thatincludes document shredding. Designed with the smaller business inmind, the Dahle 20314 is a cross-cut shredder that offers Level 3security and brings you into compliance with federal regulations. The
You have an idea, a passion and a product. You know it will be asuccess. You do some research and decide to start a business. Now what? Conventional wisdom says this is the time to sit down and writea detailed business plan. But what if you don't know how or don't wantto take the time? What if you think it won't make any difference? You would be right--and you would be wrong. We passionate entrepreneurs are eager to get our companies upand running. Details get in the way when our eye is on the pot of goldat the end of the rainbow. Besides, we hear so many stories ofsuccessful companies that started without a firm plan in place. This column will shine a light on three businesses with annualsales in the $1 million range. Only one of the three companies hasa business plan. Yet that third example will illustrate the differencea business plan can make. Linda Remeschatis, founder of WisconsinMade.com,is an attorney with great pride in the artists and artisans of her homestate. Ten years ago, she and a group of friends came up with the ideaof promoting products from Wisconsin as part of their then-governor'scross-country motorcycle trip. When it became apparent that they didn'thave time to pull it together, everyone but Remeschatis dropped out.Over the next year, Remeschatis and her husband visited artists andfood producers all over the state. Convinced she had a good idea, sheformed a company with 38 vendors. An early adopter of onlinetechnology, she unveiled her internet store in 1999. Evenwith her legal background and her husband's skills as a financialplanner, the couple did not have a formal business plan, she said. Theyfinanced the operation themselves and haven't gone to outsideinvestors. Clearly this approach has been successful, asWisconsinMade.com achieved annual sales in the $1 million range nineyears after startup. Susan Knapp of A Perfect Pear from NapaValley also used her own money to start her business. Knapp hasdeveloped an award-winning line of gourmet food items, all containingpears. She did her research and determined that she had a unique marketniche. She had experience in the food industry as a caterer and acooking school owner, but manufacturing was new to her. She tried threetimes to create a business plan. She spent a lot of money and neverdeveloped a plan that worked for her. Nevertheless, after nine years,her business reached the $1 million-plus range in sales. PamPressel and Kathryn Arbour of Capabilities opened their lifestyleretail store in 2005 after a year of intensive market research. Presselhas owned a home health company, and Arbour has extensive corporateexperience in organizational development and change management.Following the advice of Stephen Covey, Pressel and Arbour "began withthe end in mind." They wrote their initial business plan toaccommodate expansion financially, technologically and spatially,taking into account the dimensions for their store and warehouse. Theycontinually refined their unique proposition based on other stores intheir industry. Though they have rewritten their plan to accommodatechanging requirements, they refer back to the original planfrequently--both to keep them moving forward and to benchmark theirprogress. After only 2½ years, they, too, are in the $1 million-plusrange. Each of these businesses is undeniably successful.Capabilities and WisconsinMade.com were both researched for a year. APerfect Pear took less time, but it was nearly a year until firstshipment. The difference is the time it has taken each companyto reach the magic $1 million number. Investing the time at theearliest stages to plot the opening of your business as well as itsfuture can help move your business ahead more quickly. Bytaking into consideration all the areas that comprise a goodplan--product development, technology, marketing, staffing and financeneeds, along with possible contingencies--it's easier to make decisionsas the business evolves. Having definite goals and a plan to attainthem can help you reach that pot of gold in record time.
Tangible,Benefits,Business,Pla