Before you start a business we encourage you to prepare a business plan. Without it your business has a 92% chance of failing within the first 12 months. Sometimes your business plan tells you that you should not go into business at all!
Sometimes we encourage you to think seriously before you decide to go ahead with a risky business. But we always encourage the preparation of a business plan.
If you use a professional to assist, the fee can be between $3,000 and $10,000. Or you can purchase off-the-shelf plans that give you the form and you do the research for information to fill in the 'blanks'. Either way, it will take at least three weeks for you to come up with the completed plan and normally much longer.
So the chief reason is that you probably don't have $3,000 to $10,000 for the professional. If your business is struggling it's probably got very little money to pay existing creditors without incurring further expense with no immediate return.
Another problem is that you will definitely not have the time to prepare one. You need something done now, not in three weeks or more time.
What is your biggest hassle? Is it creditors ringing? Do you hate to answer the phone? Could you get on with some productive work if only they would leave you alone? After all, they know you are a good person and would pay if you could. Don't they?
Then let's focus on this. There are strategies to take all that pain away and your professional CPA knows them.
At one seminar a participant said that her accountant knew all the right answers but she did not know the right questions. By the time she found at what she should have done it was too late and did not matter anymore.
That's not good enough.
Consider the thousands of small firms that fail each year and note that 99% of them were being advised by professional accountants. It's obvious that the accounting profession generally has failed small business.
Find one who can and will help you. One that will stand in the background ready to advise when you face those business problems. An accountant should really make a difference in your business life.
Do you need more sales? Would things be easier then? Let your CPA show you some simple low-cost marketing tactics to work on that problem.
Your problem may not be lack of sales. Extra sales may even put you into a worse situation. I was called in to rescue a printer which was kept so busy with sales they couldn't keep up. But their debtors were so slow in paying that the more sales they made the worse their cash position became.
What about staff? Are they a pain? It's probably because the boss is a pain at the moment.
The point I am making is that rather than a plan which will bring future results, you need tactics which will bring immediate results. Let's worry about the business plan when we know the business will survive.
If you think nothing can be done. If you think it's all too late. You are wrong! There is always something that can make things better.
You just need a little help. You will find it at http://www.profitstrategies4business.com
Kelvyn Peters is one of Australia's longest serving Tax Agents. Kelvyn was registered in February 1962. He is a director of Restaurant Catering Qld Inc the peak employer representative in Queensland, and advised the hospitality industry for many years. His speciality is moving in to rescue ailing restaurants.
Kelvyn Peters CPA has spent over 20 years experimenting and researching methods to help small business in meaningful ways that are affordable.
Kelvyn and his associates have perfected it with their local clients now they are going global. http://www.profitstrategies4business.com
Wood Dale Chicago prom limo .. Lockport Chicago limo O’HareMany self employed professionals find themselves overwhelmed, frustrated, and confused... Read More
With the massive explosion of start-ups and home businesses developing,... Read More
All legitimate home business entrepreneurs insist and announce loud and... Read More
If you run a pressure washing company in a rural... Read More
American small business is again in transition. Many employees, now... Read More
You want to know more about making money with your... Read More
Q: I will be retiring this year at age 60... Read More
Don't let your customer satisfaction research initiative collect dust on... Read More
What will your business look like a year from today?If... Read More
Franchising has made the world look really small. The well... Read More
The FTC Franchise Rule maybe changed, as the Federal trade... Read More
Paper Shredding Business Opportunities are blossoming up everywhere because in... Read More
If you're organized, smart, capable and willing to work with... Read More
Many government department heads are on the take. Oh they'll... Read More
Pressure washing companies must look for customers in the retail... Read More
There's no question that hard work and a little luck... Read More
When working from home, it is usual to find that... Read More
Part of the power plan is making sure you have... Read More
Company mottos can easily be printed on a business card.Sometimes... Read More
Franchising is the fastest way to build small businesses, provide... Read More
Do you promote yourself as offering prompt, reliable and quality... Read More
Your product is dying. With the same inevitability that we... Read More
Whether you are an Entrepreneur or Business Professional there are... Read More
How often have you thumbed through a business opportunity magazine,... Read More
The resume writing service serves an important role in the... Read More
Antigo wedding limo ..I've got good news and bad news. The good news... Read More
Discover How Specialized Cost Containment Creates A New Win-Win Position... Read More
1. Resolve to build a consistent network system.Since referrals are... Read More
I frequently give presentations at small business gatherings, providing me... Read More
Think of all of your business ideas as tiny seeds... Read More
There is significant competition in auto detailing and car washing.... Read More
There is a continual trend we are seeing which I... Read More
Auto detailers are often asked to clean boats and detail... Read More
Most doctors never distinguish the difference between customers and patients.... Read More
Do you operate your business as a series of projects,... Read More
Most business owners do not think of selling their companies... Read More
Many ventures are faced with the challenging task of raising... Read More
Starting the blind cleaning business is one of the best... Read More
If you are a franchisee of a large franchise system;... Read More
As you may know, there are many ways to incorporate... Read More
The way you manage your money is one of the... Read More
Franchising Directory Sites-Paid Advertising, Lead Generation for FranchisingFranchising Directory Sites... Read More
How a donation is different from a sponsorship and what... Read More
If you ask most small business owners what priority CRM... Read More
Last summer the FTC put forth a report and then... Read More
Many pressure washing companies will be glad to take on... Read More
Anyone in business today realizes both the natural dependency on... Read More
At first blush this idea might be difficult to wrap... Read More
One overlooked individual in the process of taking a company... Read More
As small business owners we're in business to make money... Read More
Small Business |