Business Startup Planning

Business Startup Planning-48
Any business plan will always consist of these elements: Executive Summary: An executive summary of your business plan is where the readers will get a short description of what your company is and why it will be successful.

Any business plan will always consist of these elements: Executive Summary: An executive summary of your business plan is where the readers will get a short description of what your company is and why it will be successful.

Build the Business Plan that Works Right for You There are several types of business plans and strategies format that one can work with, and none of them are an absolute right or wrong.

The only thing that matters is that your business strategy should work perfectly for you.

The two most popular business plan formats are a Traditional Business Plan & Lean Business Plan.

Traditional business plans have a standard structure and follow a detailed approach in creating a strategic plan. Lean business plans are more of a quick pointer plan where only the essential parts are summarized into points. Business planning can help companies grow 30 % faster.

Then in the execution stage, do not stop, run, follow the steps and try to execute everything in the correct order, for at the right time to evaluate results with an interdisciplinary committee, never take it personally, the idea is to grow, sometimes it is better to live in peace and make money than to be right, accept recommendations from your financiers, find a financial friend and ask them to tell you the truth of your results.

When analyzing goals, demand to the maximum, the goals must be difficult to achieve, but not impossible.

Look for external financing, partners of a better financial level than yours with which you can grow.

There are business fairs that are searching for Startups with structure and projection to invest in them, there is a lot of capital in the hands of investors that is yielding 2% or 3% in banks and there are many ways of financing projects that seek more profit than the bank. Ing PAÚL MELEÁN, Industrial Engineer with more than 15 years of experience in production plants, Former CEO and Partner of companies of Import, Export and Distribution of products in America, Former CFO of investment companies in products of the futures exchange and Stocks.

Training your Employees and build a culture of information (Learning & Growth) Employees will run more smoothly business (Internal Business Processes) Better Customer Service (Customer) = Happy Customers , Great Profits (Financials) Your strategic plan must include an action plan with specific tasks, responsibilities and timelines, and your team members will need to hold themselves and each other accountable for achieving results.

In the preparation or planning stage, focus on taking all the steps in the right order, it will be boring, it will be frustrating, but believe it, it will be worth it.

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