Make Money Online

A lot of people are looking for ways on how to make money online. To some it seems extremely difficult but with a bit of effort and determination you will soon discover that making money online is not as difficult as you may There are many options available to make money online either as passive income or even as a full time business. This article looks at the option of Internet Marketing and how you can make money online quite quickly.

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Do You Really Need a Business Plan?

June 21, 2012

in Mind Set

Would you go on a road trip without a map?

 

Probably not, right? It’s a good way to get lost and end up in a bad neighborhood. It’s also tough to reach your destination without a map.

 

The same is true for your business. In order to achieve your goals and build the business you want to build, you need a road map.

 

In business, your road map is your business plan. Many people think you only need a business plan if you are seeking funding. That’s just not true. You need a business plan to help structure your business.

 

A Business Plan Helps You:

 

  • Create your business vision
  • Identify your target audience and ideal customer
  • Create your business mission
  • Understand and prepare for your competition
  • Create your business goals
  • Identify your products and services – your business model.
  • Outline your marketing strategy, tactics and goals
  • Plan how you’re going to achieve your goals including sales and profits.
  • Plan how you’re going to grow your business

 

Your business plan doesn’t need to be formal. However, it does need to be easy for you to access and utilize on a regular basis. You can create your business plan on your computer or with good old fashioned pen and paper. Regardless, here are some items it needs to contain:

  • Business vision and mission
  • Niche
  • Business model
  • Target audience
  • Supply/demand research – competitive analysis
  • Strengths and weaknesses
  • Unique Selling Proposition – what makes your business unique and/or different from your competition?
  • Marketing strategy, goals and tactics
  • Budget
  • Organization chart – who is responsible for what tasks in your business?

You’ll also want to create a plan to plan your business. Experts recommend spending at least 25% of your time planning your business. You’ll want your business plan handy so you can use it to plan for your future.

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