Wednesday, September 29, 2010

Entrepreneurs' Live Business Plan 4

Today's To Do List 

If you have not already done a SWOT analysis for your new or existing business now is a good time to do it. SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats.To help you on your way, I have included some content on the links below. I recommend working in threes and not having more than twelve points in each section.  There are thousands of factors that could influence your business, however we will focus on those items that have a high probability of happening and a potentially high impact on your particular business.
At a later stage it might be a good idea to drill down further into specifics.  The SWOT analysis can be applied to all aspects of your business and personal life. It provides a structured format to measure performance. For me the SWOT analysis is the first step in the business plan - after all there is little benefit to having a great business plan if the actual business model/concept is flawed.  You can save yourself a lot of wasted time by making your first task - your SWOT analysis.  Once you are happy with your business model or new business concept you can move on to setting your goals. Before completing your SWOT view the below video - just click on the link. When you are ready to work on your business plan click on the IntegratedBzStrategies Docs. link below and you will find an Excel sheet with formula and content for income and expenses and the Table of Contents for your Business Plan. Happy planning.!

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