They listen, inspire, motivate, care, teach, coach, train, encourage, help, and respect others. This is what I call profit-driven. They are growing faster than they can afford. You may want to stress your blue-ribbon customer list and spotless record of repaying trade debts in this plan.

Give recognition and time off for extra effort.

There is a good reason why 60 per cent of all new businesses are started from home these days ' it's free, it's convenient and it requires minimal organisation. It is considered permanent capital because the property or funding provided by the investors never has to be paid back. You may also be able to find a new market for your products simply by repackaging the things you already sell in a way which will appeal to a new group of customers. Create a perception of value by letting customers know why they should hire your company or buy only from you.

Investors want big ideas

These systems can include meetings, procurement procedures, order processing standards, inventory control, or checklists to ensure every activity is completed. This network-like structure stretches across and between companies. The following articles are easily made. Few things are more comforting to an investor than the knowledge that this investment s disbursement will be monitored regularly and carefully by an expert.

How much time do you spend on things that don?t add customer value?

Many small-business owners are 'accidental' entrepreneurs ' that is, they stumble on a good business to start or buy. It is a fallacy that he has no claim on you when off duty. It serves to compensate the lender for postponing his or her own use of the money. I believe accountants often give business owners bad advice when they tell their clients to try and make little money or no taxable income to avoid taxes.

Build a great place to work

A complex and ambiguous context such as the interactive business world limits the opportunities for systematic analysis of empirical data. The management consultant s business plan, therefore, wouldn t have a section on inventory or its management, control, and reduction. Your company is up and running and you have people employed to help you keep it going. Have a day in which you offer special bargains to the people of a certain town, village or hamlet.

Double your rate of failure

It s important, however, that a plan update not be a mechanical task, limited to plugging in the most recent sales figures. But even if it should, the savings thus effected might be swept away by the poor business management of the employer. It is the difference between holding a piece of paper with a number written on it, and holding banknotes and coins in your hand. It s possible to spend so much time planning a startup that you miss your window of opportunity or to schedule such frequent updates of a plan for an established business that it becomes difficult to administer its other details.