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Business Plan and Start U Newsletter Issue #1061 – Can Change Really Happen In 2009?
January 28, 2009
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********Table of Content********
Why Is A business Plan So Important?...
Can Change Really Happen?...
A Few Cool Helpful Notes...
Why Is A Business Plan So Important?
Starting a business is tough in even the best of times, but it becomes even more challenging when the economy hits a rough patch.
It is important for small business owners to plan for the future of their enterprises, including creating a plan for what to do when times are tough.
Small Business Ownership Is a good Way to Secure Your Future
Despite the challenges, however, starting your own small business is one of the best things you can do to secure your own financial future and the financial stability of your family.
It is no accident that the majority of self-made millionaires are also small business owners – those individuals took charge of their own financial futures and had the courage to live out their dreams.
Prepare A solid Business Plan
When it comes to starting a small business it is important to understand both the challenges and the opportunities this type of venture entails.
It is also critical to prepare all the necessary business documents, and perhaps the most critical is a solid business plan
Can A New Business Succeed Without A Business Plan
Without a solid business plan in place it can be all but impossible for the new business venture to succeed.
That is because the business plan lays out what the business is all about, including what it seeks to accomplish and the means it plans to use to attain those goals.
The business plan also helps to lay out the finances of the business, and this can be a big help when it comes time to raise additional capital.
A Well Thought Out Business Plan
In addition to these important purposes, a well thought out and well executed business plan can also help with tax planning.
Tax planning may be at the bottom of the pile when it comes to fun things to do, but it is an essential part of the success of any business.
By having a solid financial plan in place business owners can enhance the value of their enterprises while increasing its chances for both short term and long term success.
Can Change Really Happen?
Change was certainly the watchword of the 2008 election, and the fact that Obama won the contest so handily suggests that the American people are indeed looking for a new way of doing business.
It seems that many people are simply looking for new solutions – in government, in business and in their own lives. The most recent polls seem to suggest that the general public is still hungering for change, and most of them are hopeful that the changes ahead will be good ones.
Looking For Change To the Status Quo
Business people and owners of small businesses are also looking for a change to the status quo, but many of those business owners are also a bit apprehensive about the road ahead.
There is no doubt that the near future promises many challenges as well as opportunities, and it is easy to see why so many of us are fearful in the current economy.
Will We As People and Government Quickly Revert
Perhaps that is why so many people are asking themselves – can change really happen, or will we as a people and a government quickly revert to the old way of doing business?
After all many politicians, from the local level to the national stage, have promised change before – with little to show for their efforts.
It is easy to become cynical about the need for change, and to simply assert that real change will never happen.
There Is Reason For Hope
Despite failed efforts in the past there is reason for hope in today’s world.
Even to many seasoned observers the current desire for change seems different, and many expect the American people to grant President Obama a very long honeymoon.
If the new president is able to deliver on his promises and use the upcoming stimulus package to turn the economy around we may finally see the change we have been waiting for.
Prepare For The Road Ahead
So while there are plenty of reasons to be cynical, there are also plenty of reasons to hope that the world of tomorrow will be different from the world we find ourselves in today.
By adapting to the world in which we live and preparing for nimble movements in the days and months to come smart business owners can prepare for the road ahead and steer their businesses to a brighter future.
A Few Cool Helpful Notes
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" The future is not a result of choices among alternative paths offered by the present, but a place that is created - created first in the mind and will, created next in activity. The future is not some place we are going to, but one we are creating. The paths are not to be found, but made, and the activity of making them, changes both the maker and the destination."
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As another year has come to a close, don’t forget to plan for the next year…