Using a business plan template is an easy solution to creating a business plan for your family business.
Most "successful" family businesses have learned the importance of planning. If you want to make your family business more successful, start with developing a business plan.
According to top family business advisor
"A well thought out business plan is one of the basic business building tools for any family business."
"Planning is essential to creating the infra-structure needed to grow the business in size and profitability - and critical to the managing the succession process," notes Schwerzler.
Schwerzler has been studying and advising family business entreprenurs for more than 40 years and he is the founder of the
Family Business Institute
and is headquartered in Atlanta GA.
We will draw on our experience to provide some insight to help you. Most important - we will focus on things that a family business should particularly address in their business plan.
We use the analogy of template quite deliberately since a template is... a pattern, mold or the like.
So, we'll concentrate on helping you build a pattern - your own business plan template.
To start with, we have to say that there is a bad news / good news scenario. You're strong, and facing this head on, so you want the bad news first, right...? You simply MUST HAVE a business plan template. Franklin was right when he said that to fail to plan is to plan to fail. The good news...? You have already started on it! Even if not a single word is written down, the very fact of thinking about what you want to do, and how you want to do it is a start. We'll reinforce some of the wisdom and attack some of the myths that have grown up about business plan templates by answering some key questions.
Why Your Template Is Important
Your business plan template gives overall direction to
your company. Once you determine your main purpose and competitive advantage it is the communications tool that gives management, employees and investors the same focus. It requires you to think of the big picture then sweat out the nitty-gritty details.
Your business plan template forces you to do hard research
instead of guessing: market research, product research,
research about your competition so that you can
identify your competitive advantage.
Your business plan template establishes the goals
and checkpoints that
you use to measure and evaluate that you are going in the
Who Will Read Your Business Plan?
When Will Your Business Plan Be Used?
What Your Business Plan Should Include
Who Should Write Your Business Plan?
Do You Have a Family Business Mission Statement?
To help you overcome "writer's block" and to help you get started, we recommend a business plan template that allows you to create a successful business plan quickly and easily. To learn more, click here
GROWTHINK'S ULTIMATE BUSINESS PLAN TEMPLATE
A business plan for your Internet business is different than a regular business plan. Here's an outline and the seven ways an online business plan differs.
And if your business will be online, check out a free trial download of the manual that has been heralded as the 'bible' to anyone who wants to make their web site make money.
Remember, even if you have gone outside for the preparation,
the business plan template is still yours and should be used extensively within your organization. It is still the backbone of your planning.
Chaos Busters - The Management Guide
Identifies 160 Key Business Questions
160 Key Business Questions are the keys to unlock the hidden potential of your organization!
- 160 Key Business Questions will stimulate creativity and innovation for your entire management team!
160 Key Business Questions will save you time and make your work more effective!
160 Key Business Questions is a Multi-purpose tool with unlimited applications!
|How Well Organized is YOUR Organization?
Your Business Will Succeed...
You have The Roadmap for Success
The Practitioner's Guide for Organizing an Organization
Is All About
- PGOO shows how to identify the most pressing problems to solve
- PGOO introduces the ODS-OL (Organizational Diagnostic Survey –Online) - an electronic assessment tool that is highly effective, easy to use, systematic and data-based
- PGOO explains how to produce a better-organized organization
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