I want to talk to you guys today about a topic I’ve mentioned several times in the past.

The topic of creating a plan of action or a business plan for your business.

As home business owners we sometimes neglect to follow standard business practices.  Most successful businesses have a business plan.  If you were to go to a bank or an angel investor and ask them to invest in your business, they’d want to see a plan of what you intend to do with your business.  Maybe if you asked a rich relative they wouldn’t care but investors who invest in businesses expect to see a plan.  They want to know what you are selling. They want to know how you plan to market it.  They want to know how much it costs to create. They want to know what your expenses are.  Etc.

Why is it that most home business owners don’t do this?  I have two ideas why.

1. They don’t know any better and weren’t taught the right things to do.

2. They don’t know how to do it and therefore are afraid.

One thing I believe will make it easier for you is to think of it as a “plan of action”.  Don’t think of it as a “business plan”.  To me a business plan means complicated. LOL.  A plan of action means a simple list of actions I’m going to take.

What I want you to do this year, right now, today. Is to begin to formulate a plan of action for your business. I challenge you to get a notebook and sit down for 15 minutes.  Clear your head. Turn off the tv.  Just sit and think about your business.  What are your goals for 2009? Write them down. Then, think about some of the activities that worked well for you last year that you want to continue to do this year. Write them down.  Then think about some new activities that you want to try and do this year.  Write them down.

This is your plan of action.

Over the next several days I’ll be describing to you my plan of action for 2009.  It’s pretty sophisticated because I’m a full time network marketer. Your plan of action might not be as sophisticated but that’s ok!

The first step is to create your own plan of action. Even if it’s just 5 thing you want to do this year.

- Ben Fitts

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