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This book is intended as an aid for those who wish to write their own business plan. Developing a business plan will force you to think through important issues that you may not otherwise consider. Your plan will become a valuable tool as you set out to raise money for your business. It provides milestones in your control process and gauges your success by measuring results against aims and objectives. A business plan should be much more than a collection of financial statements and cash flow projections. The business plan should inform the person reading it of how you intend achieving strong results in the areas of sustained growth and profits, loyal customers and a high performing workforce. Handy Hints
The Rule of 72
If your business grows at the rate of 10% per annum, how long will it take you to double your turnover? A simple and easy way to calculate this is to divide 72 by 10(%) which gives an answer of 7.2 years. You can use the same constant (72) to calculate the time required to double anything. For instance how long will it take to double my investment at the rate of 6%? 72 divided by 6(%) = 12 years. |
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Price SetHandy HintsGoal planners suffer less from stress and anxiety because they are prepared; they arm themselves with a plan they can count on to take them where they wish to go. Personal goal setting effectively lessens stress and allows us to pursue our dreams with the confidence of a warrior.
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