Earlier I spoke about business plans and wanted to go into a little more detail for you.

If you ever develop a traditional business and go to a bank or a group of investors they all want to see a business plan. Sure you have a great idea but they want you to prove it to them!

A business plan usually has an overview about your company, a list of goals, a plan of action for accomplishing those goals, a forecast of expenses, and a forecast of costs.

If you’re simply running your own network marketing business you might not want to go to that extreme. However I encourage you to create a mission statement. What is your goal? Why are you in business for yourself? Why network marketing? Why your company? Why your product?

Then sit down and work on your goals. It can be a dollar amount or a number of people. It probably is both! You probably need to get a certain number of people into your organization to make the dollar amount you want to achieve. Do you know what that dollar amount is?

Once you do, what are your actions going to be to reach the goal? What marketing stratgies are you going to use? What training or coaching are you going to participate in to help you reach that goal?

If you take the time to sit and write a business plan I’m confident you will benefit. Remember only 3% of businesses have a business plan and they make 98% of the money!

Here are some links I found on business plans for you.

Learn More about business plans at Wikipedia.

Small Business Planner from the Small Business Association (SBA)

Business Plan Software and Sample Business Plans

Good luck with your business plan!
Ben Fitts

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