Last week we talked about WHY we should have a business pan, this WAHM Friday we will teach you HOW to make one! Many WAHM business owners get overwhelmed when it comes to the necessity of writing their business plan.  It doesn't have to be as hard as it may seem. Unless you are looking for major financial funding from a bank or other loan institutions, a simple business plan that includes answers to the following questions will be perfect for your small business purposes. How to Create a Simple Yet Professional Business Plan 1.  Where am I now with my business? 2.  Where do I want to be with my business?  If you see your deadlines in front of you as you work your business, you'll be more likely to meet them.  Break this answer down into a timeline to make it easier, using 6 months, 1 year, 5 years, 10 years, or whatever times work for your particular business. If you are looking for a way to get a bit more detailed with your plan or you foresee needing it to request funding later, … [Read more...]

Many WAHM's who start a home business never take the time to write out a business plan.  That is a big mistake. A good business plan can greatly increase your chances of success. Why Every Business Needs a Business Plan A business plan maps out your future.  If you have decided you are ready to start a business, your first step should be to write out your plans for what you want to do with the business and where you see the business going in the future. You have probably heard the old saying, “If you fail to plan, you plan to fail.” That is very true when it comes to your business.  The more planning you do in the beginning, the greater success you will see in the future. If you decide to take your home business to the next level, a business plan can help you secure financing.  A financial institution will want to see, in writing, the reasons that they should loan you money.  Simply walking in and telling them why you know you’ll be a success isn’t good enough. However, if you can … [Read more...]