0
1. have lots of money in the bank
2. don't rely on employees to do all the work for you
3. expect to work harder than you do now
4. don't expect miracles
5. don't spend money just because your business is growing, and making more money. When you do, that's when work slows and your chasing your tail.
this might scare you away, but not having to answer to someone when you took a day off is worth it. If you go by these five u will make it I'm sure.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Why is business plan important to the investor?
The business plan is a backbone of the company that shows if the business is a viable investment.
What are some characteristics of a business?
The characteristics of a business include wanting to earn a profit and exchanging goods and services. A business also involves risks and is an entrepreneurship .
What are the characteristics prepaid tuition plan?
Question
What does a business plan look like?
Most often business plan looks like a mini book that holds the mission statement, profit goals, and marketing ideas of a business. The plan will include how the owners plan to organize the business, as well as the plans for success.
Explain the role of a business plan in a business?
The main reason of a business plan is here you can plan your business right. Business planning is a must when it comes to running a business even if its big or small. It is important to have a business plan because here you can think the right name for your business that fits you. you have to think also if your budget can finance the business you are thinking. Understanding your market is the key to flourishing in any business, and when you incorporate this idea in your business plan, you will accomplish success. Your business plan will help you watch the market in a whole new light, which is what you really need when the going gets tough. Your business plan will help your partners and your employees to understand the core objectives of your business and will keep them focused on achieving the same. Checking the business plan from time to time, and updating it regularly, will keep your organisational objectives in check. Also, on careful examination of the plan you may see places for improvements and take action to rectify them for smooth sailing.
Characteristics of sound business plan?
1.objective 2.clear 3.logical and simple 4.flexible 5.complete and integrated
What are the conditions for a BT business plan?
A BT business plan should be a sound and proactive device used to allow new business owners information on formatting and starting up a business. A BT business plans requires a lot of financial research.
What are some common requirements for a business loan?
Generally, an individual or company who is looking for a business loan will need to present identification, evidence of a sound business plan, and collateral.
Which are characteristics of a good security plan?
TailorableScalableResponsive
How do you transfer a business plan to an action plan?
How to transfer business plan to an action plan
Can you provide a simple comparison of a business plan vs a business model?
A business plan is an extensive plan the seeks funding; a business model is an operational business that functions in a cycle. Retailing is a business model. A plan for a new retail store is a business plan.
What is a macro business plan?
macro business plan
Why is business planning more important than a business plan?
If you don't have a strategy for your business, you don't have a business plan. A business plan just conveys what you intend to do with your business.
What are characteristics of sound energy?
The main characteristics of sound are frequency, amplitude and wave length
Does plan have a long a or short a sound?
"Plan" has a short a sound, like in the word "cat."
What are the elements of a business plan?
set goals for the business marketing scheme purchasing plan legal set of the business.....these are the elements of a business plan
What is The potential growth of a dotcom company?
The potential growth of any company is unlimited. As with any other business you have to have a sound business model, proper funding, and a business plan that has reasonable goals and methods for reaching them.
