Tell Me About Your Business Plan
Below is a MRR and PLR article in category Internet Business -> subcategory Web Hosting.
Understanding Your Business Plan
Introduction
If you've ever learned how to draft a business plan, it was likely a comprehensive, MBA-style 30-page document aimed at securing investors or loans. Yet, like many, you might have tucked it away post-launch, never to review it again.
The Power of Asking About Business Plans
In conversations with potential clients, a simple question?""Tell me about your business plan"?"often reveals all I need to guide them. It uncovers their business vision, challenges, focus, team dynamics, and insights into their customer base.
Conversations with Entrepreneurs
Entrepreneurs love to talk, and after they've shared their thoughts, I ask whether the details are documented or what their team thinks about the plan. It's a straightforward question, but it often sparks significant realizations.
My Connection with Entrepreneurs
I have a deep admiration for entrepreneurs?"perhaps because I'm similar to them. Their innovative ideas, positive outlooks, and packed schedules resonate with me. I root for the underdog and love seeing small businesses succeed against the odds.
Why Discuss the Business Plan?
I often find my clients lack a formal business plan. When they take the time to strategize and focus, especially with their team, everything aligns more effectively.
Encouraging Clients to Develop a Plan
At some point, I ask clients to imagine referencing a plan while making decisions. How empowering would it be to share a comprehensive strategy with employees, partners, and coaches? Visualizing this often motivates them to draft a plan.
Benefits of a Written Plan
Clients frequently share that having a simple, written plan helps mitigate potential mistakes and fosters team collaboration. It aligns everyone with the business vision and strategy.
Resources
For a straightforward business plan template, visit [Profit Consulting Co.](www.profitconsultingco.com/business.htm). Join our business planning teleclass this October.
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Alicia Fruin
Owner, Profit Consulting Co.
Business Coach and Trainer
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