Tag Archives: business plan

Do You Have a Business Plan?

If your business doesn’t have a business plan then it is in your best interest to create one.

I heard about a study recently of 1600 businesses conducted over a 25 year period about how they used business plans. 70% of the businesses surveyed had no written or verbal plan of any kind, 27% of them had only verbal goals, and only 3% of them had their plan written down. What you need to know is that 98% of all the wealth in those 1600 companies was held by those 3% that had written goals.

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Planning – How Much Do You Want to Make?

How much money do you want to make this year?  Do you know how you are going to do it?

My wife and I spent some more time with Live Out Loud for training on their affiliate program (which pays very well if you are looking for a cash machine).  One of the things we came away with is Loral’s process for revenue modeling.  It is a very simple process because you want to quickly figure out what you need to do to meet your goals then get busy doing those things.

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