Potential roadblocks identified

You stay in touch with loyal customers and call or meet with them on a regular basis. So deal with these sections of your plan in greater depth, but you can be more concise in other areas. Pricing is one fundamental element. It seems sensible to plan to put up as collateral the exact item you re borrowing money to buy.

Reposition yourself so the price competition is indirect

There is no point in putting all this cash flow structure in place if you don't monitor and police it properly. Equity capital is obtained by selling a portion of the ownership of a business to investors. Have you ever noticed that successful people always get up when they fall down? Get behind on the payment schedule, and you re likely to find a host of covenants buried in your loan documentation.

Diversifying into more than one product is a good way to reduce risk

A board of directors gives you access to expertise, provided you choose them wisely, but at the cost of giving up control of the business to them. For example, a consumer who feels prosperous after making new purchases may end up making even more purchases and take on excessive debt. If you have to negotiate details of exactly what any equity investors will get, there s time to do that later. An investor who knows this fact but doesn t see any mention of it in your plan may suspect you ve lost your senses and who could blame her?

Is Your Company Getting Rusty in Distribution?

As businesses begin to grow, they hit challenges and roadblocks, including lack of time, energy, money, people, and customers. Accepting the universality of departments is essential to setting up and growing a business, as it encourages the employment of standards and practices that others can readily understand. And not only does it ensure you get paid promptly; if there is a recurring charge, for example a monthly or annual renewal fee to pay, it ensures you will get that on time, too, without even having to ask for it. Never dispute with him.

You have competition to worry about

The explanation is that it depends on your market and what its buyers want. Would you go to Starbucks if the lattes weren't consistent every time, from store to store? So the first thing you had to do was find some. Finding customers involves everything you need to keep profitable revenue coming in the door.