ArticlesBlog

Four Strategies to Improve Your Business Plan

Four Strategies to Improve Your Business Plan


Hi, I’m Lou Mosca, Chief Operating Officer
at American Management Services, here in Orlando, Florida. I’ve always been a big proponent of every
business having a strong business plan. Something that’s solid, documented, that everyone
in your organization is familiar with, so today I’m going to give you a few pointers
on how I believe a business plan should be drafted. So, if you’re in the process of writing a
new plan, or you’re tweaking an old plan, there are several things you should consider. Number One: Define who you are, and what you
want to accomplish as a business. What’s your value in the community? Define and Secure Your Resources:
Financial, inside people, outside people, subs, vendors, equipment, customers. Number Three: Count backwards from where you
want to be in five years. So, if you have a plan of what you want to
accomplish, and where you want to be in five years, work it backwards to determine the
pieces you need to get there. And finally: Document your plan. Put it in writing. It’s a living, breathing document that you
want every key person in your organization to have ownership of, and make sure your folks
are incentivized to help you hit those planned targets. Listen to me, I know a business plan is hard
work. Call it a business plan, operating plan, strategic
plan, call it whatever you want to call it. And I know it’s hard work, and it takes a
lot of discipline, and a lot of time, but if you really want to achieve greatness, start
getting to work.

Comment here