Did you know that December is National Write a Business Plan month? Whether you are looking to start a business or are a current business owner, creating a business plan is one of the most important steps you will take because the plan serves as your road map for the early years of your business.
A well thought out plan helps you to step-back and think objectively about the key elements of your business venture and informs your decision-making on a regular basis.
Here are some reasons to have a business plan:
It’s essential if you’re seeking a loan or investment
You’ll make big spending decisions with confidence
You’re more likely to catch critical cash flow challenges early
Having a business plan minimizes your risk
It’s a solid foundation for strategic planning, prioritization
It will help you set achievable goals and milestones
Your business plan is an asset if you ever want to sell
The importance of having a business plan and reviewing it regularly goes far beyond simple planning and goal-setting. The key is to just get started.
https://articles.bplans.com/reasons-business-plans-are-important/
With an estimated 3,000 plus franchise brands in the US alone and many more operating worldwide, for a would-be franchisee looking to invest in a franchise brand the choice can be daunting to say the least. With so many options available, how do you narrow down the field and pinpoint the franchise opportunity that is going to be the best fit for you, meet your needs and expectations and hopefully set you on the path to business success?
https://www.forbes.com/sites/fionasimpson1/2022/10/30/finding-your-perfect-franchise-fit/?sh=4f2561932970
It’s Time for Your Next Book!
The day from December 31st to January 1st is more than just a day. It has significant meaning. Imagine the day as ending one book and starting a new one. We celebrate, create resolutions and goals, and think about where we are and where we want to go.
Whether your resolutions relate to your business, your personal life, or both; take time to enjoy the journey!
This is our busy time when clients want to take a leap into business ownership. And for good reason. There has never been a better time to start a business due to funding options, business models, and investment ranges. You take control of your life and make a difference for you, your family, and your community.
January 1st is the first blank page of a 365-page book. Write a good one.
Free Business Consultation Contact www.malloryholdingsllc.com
