More Uses for Your Business Plan
You have invested a lot of time and energy on writing a business plan just to get a loan or to attract an investor. What do you do when you get the money or, worse, should you be turned down?
Do you just file it away? That's like investing in a boat that remains parked in your driveway after its inaugural voyage.
Instead of filing it away or leaving it on a shelf to gather dust, why not capture more return on your investment? To gain a clearer perspective, convert your investment of time and energy into a dollar amount. Then, you'll think twice before filing your business plan away.
Ways to capitalize on your investment
Don't have a business plan in your files? Begin preparing portions today as an investment for that day when you will need one. It's quite probable that when that need arises you will be too pre-occupied to devote the required time and energy on an appropriate plan.
Now, you have a greater incentive to do a more thorough business plan today, knowing it is going to serve several useful purposes in the future.
About The Author
Gerry McRae added practical wisdom to his college and univeristy courses by owning and operating small businesses. That wisdom is now online at UncleMaxSays.com.
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