Your ability to satisfy your customers to such a degree that they buy from you rather than from someone else, that they buy again, and that they bring their friends is the key determinant of growth and profitability.
Key Requirement The key requirement for wealth building and business success is for you to add value in some way. All business growth and profitability come from adding value.
A successful business plan is a tool that allows you to communicate what you’re doing to your stakeholders.
A great assessment for whether you need to do a successful business plan or not is to quickly review the questions posed by the infographic.
But a successful business plan helps you with more than just getting money from a bank.
It will help you communicate what to do next with those that are helping you grow a self-sustaining business – your employees, your advisors, your strategic partners, your suppliers, etc. If you answer the questions and send them to me I’ll review them for you – NO CHARGE! I look forward to seeing your answers and helping you with the next step to business growth and self-sustainability!There are ten critical areas where your ability to think largely determines the success or failure of your business.The greater clarity you have in each of these areas, the better decisions you will make and better results you will achieve. Many people think that the purpose of a business is to earn a profit, but they are wrong.These five tips will guide you to a stronger business plan that is more likely to be funded by investors or lenders.Research Before Writing Before putting pen to paper on the business plan itself, there is a significant amount of research needed.About Brian Tracy — Brian is recognized as the top sales training and personal success authority in the world today.He has authored more than 60 books and has produced more than 500 audio and video learning programs on sales, management, business success and personal development, including worldwide bestseller The Psychology of Achievement.The true purpose of a business is to create and keep a customer.Fully 50 percent of your time, efforts, and expenses should be focused on creating and keeping customers in some way.Action Exercise You should have a growth plan for the number of new leads you attract and for the number of new customers you acquire from those leads.You should have a growth plan for sales, revenues, and profitability.