If you are going to accept the challenge, then you must do everything you can to improve your chances for success. This process involves the mastery of ten steps. Each step by itself is merely a tool, but collectively they provide an entrepreneurial blueprint for starting a successful new venture. No matter what your business, conquering these ten steps will increase your odds for success.
Most network marketers do not have a written business plan for their business.
Ask any network marketers to show you their written MLM Business Plan and they will look at you like a deer staring in the headlights. Truth be told, all businesses need a written business plan. Sure, there might be a few successful business owners out there without a business plan, but they are few and far between.
I learned in the Army that failing to plan is planning to fail. Business plans are no different. Remember, your business plan is your road-map. It will help keep you focused and on point. It will show you where you want to go and how you will get there.
A business plan does not have how to make a successful business plan be long or overly complicated, nor should it be. In fact, something short and sweet is much better than having a twenty or thirty page business plan that sits on the shelf and collects dust.
I like to keep my business plan to one or two pages because it keeps things simple and easy to understand. One page is ideal. I encourage you to follow these steps in order and to use this as a template to create your own custom business plan.
Ultimately, you want a why that makes you cry. It should be one or two sentences and clearly identify WHY you are doing the business.
That is your why. Next, you need to to write down your five yearone year, six month, day and one month goals.
These goals are the destinations you want to arrive at in the future. These short-term goals are stepping stones toward your long-term goals. Please keep in mind that your goals must be very specific.
They should discuss how many people you want to sponsor, how big you want your team to be, what titles you want to achieve in your company and how much money you want to make.
Here is an example: In five years from now date I will have a team of 2, distributors on auto-ship. I will personally sponsor people. In one year from now date I will have a team of distributors on auto-ship. I will personally sponsor 40 people. In six months from now date I will have a team of distributors on auto-ship.
I will personally sponsor 20 people. In three months from now date I will have a team of 50 distributors on auto-ship. I will personally sponsor 10 people. In one month from now date I will have a team of 15 distributors on auto-ship.
These are just examples, but you can see how specific they are. Please note how each one is a stepping stone for the next goal.
What I did was start with the big goal five year goal and then work backwardsidentifying what I would need to do each month to get to my big goal. I hope that makes sense. Make sure you do the same thing. Develop Your Own Unique Selling Proposition USP Your USP is a short one or two sentence statement that clearly identifies what makes you different from the competition and why people should do business with you, and not someone else.
Here is an example USP. What makes me different from my competition is that I educate other network marketers about the industry. I am always honest and to the point.
My primary goal is to educate network marketers about how to be successful in the industry, to be an ambassador to the industry and to give our industry a good reputation. Building my team is a byproduct of me doing that.A good retail business plan gives the retail firm a pathway to profit.
This free sample business plan retail store guide is designed to help an owner-manager work up a sound business plan. how the money will make your business more profitable, thereby ensuring repayment.
Page 5 of 26 III. General Company Description successful company that is a leader in customer service and has a loyal Business Plan for Startup Business. Most CPAs will tell you that the number one mistake people make in starting a new business is that they fail to write a business plan.
Without a written set of plans and directions, a new business . YOUR source for the best Online Business Ideas, top performing Online Business Opportunities, proven ways to earn Extra Income Online plus all the resources you need to start and build a profitable Home Internet Based Business.
The business plan is a document where those who wish to undertake a business adventure detail the information about their project. It is a script, or memory in the broad sense, that serves as the basis and starting point for all business development. Make sure you highlight the expertise and qualifications of each member of the team in your business plan.
You want to impress. In the case of Coffee House, Inc., the founders emphasize their connections in the world of coffee, particularly growers that use sustainable practices.