Showing customers your products

There are all kinds of reasons why a venture capitalist, banker, or other investor may refuse to fund your company. Emphasize a cogent, succinct summary and explanation of the basic business concept, and do not stint on the details about the impressive backgrounds of your management team. Entrepreneurs know that cash-flow, working capital, profit, and equity are collectively the lifeblood of their future. Then you can determine where you get the biggest bang for your marketing buck.

Read complete contracts and documents

No one has the exact same background and experience as yours. Stay in touch by sending customers things that help them grow their business. Is your new retail store unit not performing as well as others or you expected? Business plans are inherently strategic.

Here's what no-one tells you about Purchasing

. These systems can include meetings, procurement procedures, order processing standards, inventory control, or checklists to ensure every activity is completed. Outsourcing can save time and money for support staff jobs and add flexibility in production staffing. Consider which systems will guarantee the results you want.

Potential to become a repeat customer

It s easy to believe that a longer, more detailed plan is always better than a short, concise one. The customer calls and asks you to revise your proposal to include more items. A leading merchant in New York found his calling through having loaned money to a friend. With your top customers, you should still attempt to build relationships via personal contact as described above.

Get in-house market research data from your own files

Make a commitment to put yourself, your spouse, your family, and your future first. In other words, the planning process itself makes you a far more capable manager and entrepreneur than you would be without it. A small software company whose mission statement included the goal of putting Microsoft out of business would be looked upon as foolishly naive. By establishing clear measurements and procedures for implementation, team members can get started on track and can be monitored on an ongoing basis as to their progress.