Why You Should Write a Business Plan

Attract your investor, create profitable business plan

No Worries! No pitfall! Just Win-win situation for you to is in the pipeline.

The consolidated and full prove plan is the only backbone of successful business. The organization foundation and formation is solely based on initial development of business with thorough execution of business plan. Any deviation into it your plan falls apart.

Nitty-Gritty of Business Plan

The business plan involves lot of decision making process which not taken in proper form in entirety will impact your overall business goals and target. The business plan has many specific involvements of entities which makes your business stands tall. If we arranged these categories in logical order you will definitely understand its credibility.

* Business management

* Organization Management

* People management

* Attract client and investor

* Trust based stakeholders and shareholder

* Infrastructure

* Product scaling and marketing

* Resource sourcing and outsourcing

The business plan must gauge the feasibility of your idea into reality. It involves complete and thorough analysis of your business requirement.

The proper identification of impacted parameter and very much essential statistics that help you to arrive at heuristic business values based upon which you make your important decision. Otherwise you struggle later fighting tooth and nails.

The planning, initiation and controlling have its own identity when operational aspects plays role. To measure and track the success path you need to identify the critical path.

This critical path in business blog reviews operational activity upon which many other subsequent executions are dependent upon. Once this critical path and other identified shortcomings are overcome you achieve your milestone.

You need to make sure you indulge the appropriate sign offs and approval procedures and process mechanism into your business plan. Otherwise whole system will behave abruptly resulting in major churning, shuffling, adjustment and manipulation. This is absolute chaos for your business progress.

You need to understand the significance of service legal agreements and well meant contracts between both business parties. Business agreements are very important for any business deal. You should have the dealings on the papers and must be accomplished from both sides. Developing business online needs proper planning and determination. There is a long way for you to go in business industry. Always follow the rules and take innovative ideas from your team and implement it accordingly.

Home Business Success -7 Tips

To be a successful  home business entrepreneur, it is compulsory to develop and follow consistently a plan of action. Adherence to this plan guarantees success in your home business.

Here are seven Tips for long term success of your home business.

1) Make a Firm Decision- Decide what you would like to earn by the end of the year. Having decided your yearly earnings from sales, proceed to work backwards to acquiring weekly and monthly figures to meet your targeted yearly income.

2) Build Your List- Your list comprises of valued customers and prospects forming your database. This is your greatest asset and is built over time. There are no guarantees in any business, however with your own list, you are more confident that a percentage of your customer would make purchases from you. The key is to do the work one time of building your list and get paid over and over again.

3) Advertise your product or service -Take every opportunity to use different medias to advertise your business. Driving increased visitors to your site from various media placements is likely to give you good sale conversions. The key is creating a response to your advertising by ensuring that your ads are captivating.

4) Track and Evaluate Your Business – It is very important that you evaluate and track your business so that you can take quick action to correct any shortcomings. Start operating your business as though you are already a big company. Do not get caught up in shuffling paper clips with no serious business strategies in place. Successful people embrace the idea of tracking their business success.

5)Develop a Professional Approach- Project a professional image in simple ways such as setting up a mailbox at a UPS store in your area, acquiring a phone in your business name and opening a separate account for your checking business. This approach can help your home business excel.

6) Hire A Business Consultant- Your business consultant can be a coach or advisor towards the successful development of your home business. Seeking expert advice on ways and means to improve your business can accelerate business performance to a large extent. This is a good way to continuously grow your business.

7) Develop Good Customer Support- An effective customer support system in place for your home business can increase your sales revenue tremendously. This strategy allows customers and prospects to build good customer business relations and place more confidence in your business entrepreneurship.

Conclusion

Home Businesses Entrepreneurs can become successful business professionals if these success tips are implemented in his home business.

Will Customer Service Ever Return to Business Owners

So last night, my wife wanted to go out and purchase a fire pit fueled by propane. We had seen these all over last year and this year, not so much. Along with that, her family is coming into town this weekend, so a chance for her to show it off. After going to a couple of different stores, we finally find something in what we are looking for. What got me was the help that we had received in making our purchase(s).

Now to put out there, we were at a regional home improvement store. Large enough in size and stature that they should put a little training into customer service. Maybe that is the problem, they only put a little training into customer service. Then on top of that, maybe they don’t go back and refresh that training? Still leads me to the question, what has happened to customer service?

Now, I am not going to take the cop-out answer here that it is the younger generation and they just don’t care. While they don’t have the same priorities that we do, they still have motivations and drivers that move them. Besides that, I still believe that customer service comes from the Management team and what they do. Case in points from last night.

Now, the kid that came walking past me last night with the vest that said Courtesy Patrol across the back was only responding to how he has been trained. Sure, he shuffled his feet in front of my wife and I and didn’t say a word. Then came back around, still shuffling his feet, and walked back in front of us. Then opens up the cage for propane tanks. Now his first words to us were, do you have your receipt? Then has a displeased / dismayed look when my wife had to dig it out of her purse.

With our conversation over, propane tank in hand and headed to our vehicle. We remark about the young man and lack of “courtesy”. This issue was actually set up minutes earlier in the night. Personally, I don’t find pleasure shopping at this store because much of the customer service is that way. Once we received help in the gardening area, he headed to the check out with our purchase. There, only 2 lines were open, with about 10 shoppers at each line.

Now the store manager, decided to open a third line and run it himself. So, here you have a manager tied up in checking people out. One of his employees comes up with a report and request. To which the manager tells her to put it on his desk and he will get to it. To which she replies that it has been there for a week with no movement. Lines are still backed up for the 2 open registers and he decides that he has helped enough. So now, he is logging himself out to go on break. The cashier at our register has to ask three times for him to have someone come out and pull a propane tank for us. I wasn’t quite sure we would get anyone there…

Why would the manager of that store, expect that his people would treat his customers any better than what they got treated by him? So here are 5 items that I think improve customer service:

1. Treat your employees like you want them to treat your customers. They are your intangible assets. They can make or break the customer experience. Treat your employees like they are important to your business and they will treat your customer like they are important to your business.

2. Catch employees doing the right thing. When you see employees treating your customers correctly or doing something right in the store. Be specific with your praise on what they did. They will repeat that.

3. Doing the wrong thing? OK, I know not every employee is going to do the right thing 100% of the time. When they are doing the wrong thing, don’t chastise them in front of the customer. Try and correct the issue while taking care of the customer and allowing the employee to save face. None of us like to be shown that we are idiots, so don’t do it. Allowing them to make mistakes and learn from them will make a stronger person and allow them the ability to act. If you support them, they will take initiative instead of waiting to be told to do something.

4. Know your people, how can you relate, talk or carry on a conversation with someone if you don’t know anything about them? Show interest in them, they will in turn show interest in your customer.

5. Don’t think that customer service is a once and done skill. It takes evolution, reinforcement and persistence to turn an “OK” team into an exceptional customer service team. Will take longer if you weren’t at the OK part. Even the strongest performing teams need reminders and refresher. So make it an ongoing habit, you will be rewarded.

Customer service is not a dead trait for those of us in business. Some of us perform at it better than others because we realize that we are always working at it.