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Having a Business Plan is Crucial to Building Your Best Business

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Just Like a Building, You Need a Blueprint for Building a Better Business

It doesn’t matter whether you’re a solopreneur or have a team. If you have been in business for 30 years or just starting out. Regardless of the kind of work you do, the organizational plan for your business is as important as the work you do…maybe more.

Too many people run their business on a wing and a prayer. They just roll the dice and hope things work out

If you own your business and aren’t intentional about the organizational operation of your company, it is likely that you won’t make it past your 5th year. This is according to the Bureau of Labor Statistics. Just think about the number of businesses that you have seen come and go over the years.

In my 40 years of being in business I have learned a lot of lessons, some of them the hard way. Let me tell you, the tuition for “The School of Hard Knocks” is expensive.

There were times when I got behind on taxes so I could pay bills and times that I got behind on bills so I could pay taxes. Neither of these is a very good business plan. One of my SHK professors once told me, “When you steal from Peter to pay Paul, you make Peter a Paul bearer”.

If you want to avoid the need for a pallbearer for your business…you need a plan.

It’s common for people to start a business without a plan. Generally, someone has learned a trade or a craft and for whatever reason they decide to go into business. Most of the time they have given little, if any, thought to the business operation. They show up every day working hard and then, surprise…you owe some taxes and haven’t saved any money to pay them.

You need a plan, a blueprint for building the business.

There are a lot of similarities in constructing a sound building and a constructing profitable business.

Both need –

  • To start with design plans – the thing that gives you a clear direction of what you want the outcome to be.
  • An architect – the person that can see the vision of what the finished product will be.
  • A solid foundation – the thing that will support you when the storms come.
  • A good framework – the thing that holds everything together.
  • A builder – the person that reads and understands the plans and puts all the different pieces together correctly.
  • The proper tools – these are what allow the pieces to be shaped and fastened together in the right places in the right order.
  • A good team – these are the different people with the different skills and knowledge needed.

It doesn’t matter if you’ve been in business for years or are just starting out…

YOU NEED A PLAN.

If you or someone you know would like to minimize the time spent attending “The School of Hard Knocks”, then follow or share our Weekly Solutions with people who could use some help with a business plan.

Finding solutions for building dream businesses is what we’re about at Solution Building. If you have questions about business plans, contact us below.

Revised and reprinted from 02/24/18

How Can Movies Improve Your Business Plan?

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This is Assuming That You Even Care How Your Business Turns Out

Once again today’s conversation originated from our mastermind. This week we we’re presented with a question to answer.

From the perspective of an entrepreneur, what’s your favorite movie, and why?

Any of you who know me, know that I’m a movie fan. As I considered this question, there were a lot of movies that came to mind. My favorite movie is The Polar Express…but this isn’t a movie about business.

As I considered my favorite movies from an entrepreneurial perspective, something began to stand out…

Every movie is full of lessons about both business and life.

There are a variety of movie genres, story lines and qualities of movies, but as I think back over the movies I’ve watched, all of them are nothing less than lessons for living.

And what is business other than living?

Some of these lessons are things we should do…some are things we shouldn’t.

As I thought about movies and lessons, I remembered writing about Christmas movies as a life plan. The more I thought about movies from an entrepreneurial perspective, the more I realized that The Polar Express had a lot to say about business as well as life.

If I operate my business using the Polar Express business plan, it will be a great ride.

If you aren’t familiar with The Polar Express, it’s about a young boy who is beginning to doubt the reality of Santa Clause. He’s woken up by a loud noise in the middle of the night on Christmas Eve and finds the Polar Express parked in front of his house. With some hesitancy he boards the train.

He then embarks on a ride with other kids to the North Pole. Along the way they’re faced with obstacles to overcome and situations to celebrate. Through his diligence and the help of others he makes the trip successfully. After this journey he is reassured and believes.

This sounds a little bit like business, doesn’t it?

Like in the movie, we have to decide if we’re going to get on the business train or not. If we don’t, that particular train won’t ever come by again. Once we make the commitment, we need to stay on the ride to the end.

Business and movies are both full of difficulties and situations that may or may not be direct results of things we’ve done. Either way, we have to deal with the situations that we find ourselves in. Like the boy on the Polar Express, it’s great to have the support of friends and colleagues when the ride gets rough.

Too often our belief waivers. We don’t know if we should get on the train or not. This probably isn’t the right train.

But something is prodding us to get on.

This is God telling us to go for it. Get on the train. Enjoy the ride…all of it. The good and the bad, the ups and the downs.

Ride that train and the things you will experience will be amazing.

But it requires that you get on the train and believe.

Get on and enjoy the ride!