Not long ago, many of us were intrigued by the use of a Garmin GPS. The device provided a step-by-step road map to our destination – we were wowed by its’ capabilities. Today, the proliferation of guidance systems are keenly at our disposal from our cars to our phones. One cannot imagine going somewhere new without plugging in the address and letting the system take us to our place of interest.
As a SCORE volunteer, all too often I meet with individuals who demonstrate excitement and enthusiasm to developing or expanding a given business yet lack the road map to their business development. Business planning is often represented in an intuitive or limited written format. So why is the exercise of writing a business plan so important?
Like our use of the GPS, a business plan is the necessity to improved proficiency and clarity to your destination. It helps you define the appropriate road map to success Vs taking a circuitous route of undefined roads to potential disaster.
Completion of a business plan evolves over time and requires refinement as you develop the experiences of your business development. It is an essential tool that defines your long term business goals – strategy – which in turn helps you know where to say “yes” to opportunity and equally important, where you say “no” to perceived opportunity.
Within the SCORE.org website we offer business planning templates that can help and guide you through the process to writing a plan. Each section offers a building block to help you think through the components of your business with the eventual outcome to substantiating your own confidence as to why your business or entity will flourish to success.
We offer our assistance to members of the Chamber each Monday or Wednesday from 1:00 to 4:00. Call to arrange your appointment at (817) 871-6002. Let us help you with your road map to success.