Nobody has your interests so much at heart as you have. However, your business plan is more than insurance. Many times plans handle this with a sentence saying something along the lines of, Our legal counsel advises us the plaintiff s claims are without merit. More than a few small-business owners and entrepreneurial cheerleaders would have you believe that every employee would be happy and financially better off running his own small business.

It?s important for you to perform an industry analysis

You may need to consider several funding sources. Do you know which employee, salesperson, manager, supervisor, production worker, or installer makes you the most money? Some entrepreneurs remain sole practitioners forever. Or you may be able to make minor adjustments if you cannot snare as large a chunk of cash as you want.

Profit potential

Identify the customer, plus any referring parties like a consultant, engineer, broker, project manager, purchasing agent, or any other person who might have influenced the decision to buy from or hire your company. A what-if plan can help you spot the increased needs for space, equipment, personnel, and other variables so you can make good decisions. Although considered undesirable in some bedroom communities, business development is more cost effective for municipalities than a comparable level of residential development. The other entrepreneur can pay you for the opportunity to expose his/her brand to your audience.

Being positive makes positive people - it starts with your greeting

Even the simplest product has a number of unique potential selling strengths. A well-written contract defines or explains each term or condition only once. It s easy when you re short of cash, or expect to be short of cash, to take the attitude that almost any source of funding is just fine. In large organizations in business and government, top-level managers often lack expertise in the work being done, but are able to create circumstances in which those under them may thrive.

The kiss of death in marketing

But until they step up to leadership, they won't realize the full potential of their people or company. Procuring and maintaining adequate capital is crucial for businesses. To find a competent attorney for your company, seek referrals from other business managers. Think of close friends.

Is there an important problem to be solved?

Inform them what you'll do for them. All businesses have similar concerns and responsibilities, including marketing, research, development, purchasing, production, management, accounting, human resources, and customer service. These and other important questions can help shape your personal financial plans. The secret to making this work is to find a product or service which can command a high margin, in other words a big difference between cost price and selling price, so that it can accommodate your higher initial cost price.