As promised here is Part 1 of business plan
So what is a business plan
Let us start with some thing very simple we do all the time . Let us assume you need to go to the Mall to buy a pair of Jeans. Let us see what steps we take.
1st we know our Goal and have Vision which is where we are going and what are we will achive.
2nd We make sure we know the directions to the Mall , so we know how we are getting there.
3rd We know Approximately what are we going to spend, So we have Budget.
4th We know about how long it will take us to get there and when we will be back , So we have Deadline.
Think about this on a simple thing like buying a pair of Jeans we had a complete plan but something as important as our carrier, our life, our livelihood we do not have a plan.
When a realtor starts the first thing they talk about is marketing themselves , sorry folks marketing does not come first it is one of the last things, I will write about a marketing plan but a lot later, you need to do a lot of research before you can start marketing.
.We go to the office thinking we will do A,B & C today but when the day ends we have done everything except what we intended to do, Why do you think that happens , We do not manage our time in a disciplined way, I will write about that a little later. I need to know my goals before managing my time to accomplish them.
Where do we Start then------ First start thinking This is your Business
If you read the books on business planning all of them say
Start With the End in Mind
It is like playing golf your eye is not on the ball it is where you want the ball to land The moment you loose that focus the ball lands at the wrong spot
Which means you need to know where are going , your destination , your Goal, where do you want to be in 5,10,15 Years , I am not only talking about business it incudes your life also, research shows money is not the biggest motivator . Life goals motivate you more than money, you may need money to achieve those goals. which will make you work smart and make more money along the way. Those goals can be Getting Married , owning a big house or a island, or buying a specific car before the end of the year, of cource the goals will change as you go along for better and always have a deadline.
So it Starts with a VISION a Dream just make sure it is realistic
Look out for the next segment of Business plan , I will try to be as detailed as possible on every segment of the plan Good Luck