Is a business plan really necessary for a small business owner? There are mixed opinions from scores of professionals. Some say you need a plan in order for your small business to succeed while some say it is a waste of time. The experts at SmartPayroll Solutions say yes, you need a good solid business plan whether just starting out or preparing your business for the new year. It is your roadmap to success!
We also say, keep it simple and don’t overdo it or overspend on it. The worst thing you can do when it comes to developing a business plan is to spend a small fortune on a document you never use and in most cases, a three or four-page document will do the trick.
Asking some business owners to sit down and take the time to write a plan is like trying to squeeze water from a rock. There is no time and at the end of the day, the creative juices run dry. That’s where we come in.
Over the next few weeks, we will share tools and ideas to help established small business owners develop a very simple business plan. “We call it the “Four Step Business Plan.” These simple steps can help you determine your current location on the map, identify potential obstacles and opportunities and take the steps necessary to sustain and grow your business.
Let’s jump right in and get started with step one, determining your current location.