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Building Your Business Plan From The Right Perspective
 

Building Your Business Plan From The Right Perspective

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Many business owners focus on the wrong parameneters to measure their success. This presentation helps buisness owners focus on what matters most to their success when building their business plan.

Many business owners focus on the wrong parameneters to measure their success. This presentation helps buisness owners focus on what matters most to their success when building their business plan.

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    Building Your Business Plan From The Right Perspective Building Your Business Plan From The Right Perspective Presentation Transcript

    • Build Your Business Plan from the Right Perspective
      • Most small business owners are frustrated. Why? Because….
      • Need to change
      • Constantly blindsided
      • Problems with their cash flow, people, sales, etc.
      • Too much time on the job
      • They aren’t having Fun anymore
      • 98% of all businesses in the industrial world are micro-businesses (25 employees or less).
      • 87% of micro-businesses fail every year.
      U.S. Small Business Administration Statistics on Business Failures
    • U.S. Small Business Administration Statistics on Business Failures Old: 50% of businesses fail in first year 95% of businesses fail in five years New: 33% of businesses fail in two years 52% of businesses fail in four years
    • If you were to “ G o o g l e ” the phrase, “Why businesses fail”, you would get…. Pages and pages of lists. The Top 10 Reasons, the Top 7 Reasons, the Top 25 Reasons, etc. Lists full of cash flow problems, people problems, operations problems, debt problems, etc. But…..They’re really all just Symptoms of the problems
      • So…..What are the real reasons that businesses fail?
      • The Business Owners lack in
      • Business Skills
      • Business Experience
      • Business Planning
    • “ Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.” Jack Welch - General Electric CEO for 20 years & business leader.
      • You need a Business Plan, no matter how long you’ve been in business. Why?
      • It will challenge what you’re trying to accomplish.
      • You’ll be able to convince financial institutions to lend you money.
      • It will provide you with a road map to future success.
      Most Business Owners lack Business Planning
    • What are the Components of a Business Plan?
      • Company Mission
      • About the Company
      • The Basis of the Business
      • The Niche the Company Serves
      • The Competition
      • The Competitive Differences
      • Strengths, Weaknesses, Opportunities & Threats
      • Our Solution
      • Company Objectives
      • Strategy for Winning
      Most Business Owners lack Business Planning
    • Most Business Owners lack Business Planning What are the Components of a Business Plan?
      • Time Line & Milestones
      • Owner(s) & Management Team
      • Products and Services
      • Marketing Plan
      • Technology & Operations
      • Financial Objectives
      • Funds Required
      • Use of Proceeds
      • Exit Strategy
      • Summary Conclusions
    • Most Business Owners lack Business Planning What are the Components of a Business Plan?
      • Strategy for Winning
      • Time Line & Milestones
      • Owner(s) & Management Team
      • Products and Services
      • Marketing Plan
      • Technology & Operations
      • Financial Objectives
      • Funds Required
      • Use of Proceeds
      • Exit Strategy
      • Summary Conclusions
      • Company Mission
      • About the Company
      • The Basis of the Business
      • The Niche You Serve
      • The Competition
      • The Competitive Differences
      • Strengths, Weaknesses, Opportunities & Threats
      • Our Solution
      • Company Objectives
    • Most Business Owners lack Business Planning How Do You Start on a Business Plan?
      • Company Mission
      • Strategy for Winning
      • Time Line & Milestones
      • Owner(s) & Management Team
      • Products and Services
      • Marketing Plan
      • Technology & Operations
      • Financial Objectives
      • Funds Required
      • Use of Proceeds
      • Exit Strategy
      • Summary Conclusions
      • About the Company
      • The Basis of the Business
      • The Niche You Serve
      • The Competition
      • The Competitive Differences
      • Strengths, Weaknesses, Opportunities & Threats
      • Our Solution
      • Company Objectives
    • Most Business Owners lack Business Planning How Do You Start on a Business Plan? Company Mission – Traditional Orientation “ Be the Best Supplier of Wingnuts to the Auto Industry” “ Be the Highest Quality Manufacturer of Aviation Components in the World” “ Be the First Choice for Tools in the Plant Maintenance Industry”
    • Most Business Owners lack Business Planning How Do You Start on a Business Plan? Company Mission – Traditional Orientation Nature of Business Company Mission Strategy for Winning Company Objectives Financial Objectives
    • Most Business Owners lack Business Planning How Do You Start on a Business Plan? Company Mission – Traditional Orientation Nature of Business Company Mission Strategy for Winning Company Objectives Financial Objectives What’s in it for the Owner?
    • Most Business Owners lack Business Planning How Do You Start on a Business Plan?
      • Financial Objectives
      • Strategy for Winning
      • Time Line & Milestones
      • Owner(s) & Management Team
      • Products and Services
      • Marketing Plan
      • Technology & Operations
      • Funds Required
      • Use of Proceeds
      • Exit Strategy
      • Summary Conclusions
      • Company Mission
      • About the Company
      • The Basis of the Business
      • The Niche You Serve
      • The Competition
      • The Competitive Differences
      • Strengths, Weaknesses, Opportunities & Threats
      • Our Solution
      • Company Objectives
    • Most Business Owners lack Business Planning How Do You Start on a Business Plan? Financial Objectives – Numbers Orientation “ Reach $2 million in Sales by 2010” “ Achieve an After Tax Profitability of 5.0% by 2011” “ Eliminate all Debt by 2012”
    • Most Business Owners lack Business Planning How Do You Start on a Business Plan? Financial Objectives - Numbers Orientation Nature of Business Financial Objectives Company Objectives Strategy for Winning Company Mission
    • Most Business Owners lack Business Planning How Do You Start on a Business Plan? Financial Objectives - Numbers Orientation Nature of Business Financial Objectives Company Objectives Strategy for Winning Company Mission Where’d You Get the Numbers?
    • Most Business Owners lack Business Planning How Do You Start on a Business Plan? Owner’s Life Objectives
      • Strategy for Winning
      • Time Line & Milestones
      • Owner(s) & Management Team
      • Products and Services
      • Marketing Plan
      • Technology & Operations
      • Financial Objectives
      • Funds Required
      • Use of Proceeds
      • Exit Strategy
      • Summary Conclusions
      • Company Mission
      • About the Company
      • The Basis of the Business
      • The Niche You Serve
      • The Competition
      • The Competitive Differences
      • Strengths, Weaknesses, Opportunities & Threats
      • Our Solution
      • Company Objectives
    • Most Business Owners lack Business Planning How Do You Start on a Business Plan? Owner’s Life Objectives - Owner Orientation “ Take out $80,000 per year from the Business” “ Sell the Business for $2 million and retire in 2020” “ Retire at 55 with $700,000”
    • Most Business Owners lack Business Planning How Do You Start on a Business Plan? Owner’s Life Objectives – Owner Orientation Nature of Business Financial Objectives Company Objectives Strategy for Winning Owner’s Personal & Financial Objectives
    • Most Business Owners lack Business Planning How Do You Start on a Business Plan? Owner’s Life Objectives – Owner Orientation Nature of Business Financial Objectives Company Objectives Strategy for Winning Owner’s Personal & Financial Objectives Owner Runs His/Her Business!
    • “ When you set goals , something inside of you starts saying, "Let's go, let's go," and ceilings start to move up.” Zig Ziglar - Motivational speaker and best selling self- improvement author
    • Questions?