Monday, December 28, 2015

Business Planning along Anyaberry in 2016

It is a good old tradition to set up goals and plan to achieve them at the beginning of the New Year. It seams to be the best time to start writing the business plan for the company you own or plan to own. That is why I offer you to join me in business planning beginning 2016.
In case you are not completely committed to the business planning just yet, I will tell you about a few wonderful possibilities that business plans can offer:
1) If you own a small business you can use the information from your records  to plan for the long term ( next 3-5 years) so that you have an idea where your business is going. You  should also work on a short-term business plan and look at the business processes on the monthly basis.
2) If you are thinking about making an investment in your business (new piece of equipment for example) you can calculate your Pay-Back-Period and other indexes. This kind of plan will be indispensable when you present your idea it to the financial institution or your business partners.
3) If your business is struggling you can work on a business plan of the "revitalization" and try as many ways as you can come up with to bring the income up and the expenses down.
4) If you starting a new small business it goes without saying that you need a business plan. You can read my previous blog post for more inspiration :)

Starting new year 2016 we will set up deadlines, plans of actions and report our results. We will share difficulties along the road and find solutions together.
If you are interested in certain industry ( as an example to talk about), please, leave a comment. Otherwise you will be "stuck" with the industry I am planning for: the Apparel Industry.

If you know somebody who is an entrepreneur or plans to become one, please, encourage that person to start planning along Anyaberry.

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