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Every business works within the context of core beliefs. We have developed beliefs that define how we work with clients, lenders and investors. We consider them to be guiding principles that Womens Mecole Hardman Jersey , if applied, will improve the quality of your business plan as well as the quality of your relationships with others. We share them with you in this article in the hope that you will find these beliefs worthy of adopting in your business as well.

Belief 1: Every business needs a written, organized business plan.


Every business, regardless of size Womens Spencer Ware Jersey , has goals and plans for where it will be in the future. These goals and plans are often just in someone's head. The brain is a slippery place! If those goals and plans are not written down, chances are they will be forgotten or altered on the fly without concern for the consequences. The discipline of preparing and reviewing written plans often makes the difference between failure and success.
Belief 2: A business plan must convey the understanding of the entrepreneur.

If you do not understand what you are planning, how can a lender or investor feel confident in your management ability? On the other hand, even if you understand your plans but can't convey that understanding to the funder Womens Justin Houston Jersey , the perception is the same.
Belief 3: A business plan is a resume of your financial skills.

Your business plan is a window through which investors or lenders look at you and judge your financial skills. If your business plan looks like you have spent money unwisely in preparing your business plan, they figure you will spend the investment funds unwisely. Likewise, if your business plan shows you don't have the skills to properly project finances, they will not have confidence in your ability to control finances.
Belief 4: Business plans are "owned" by those who make them.