When Your Business Plan Works For You Part 1

Having a business plan is a key factor in explaining your business goals and plans to an Investor.

Your business plan if done properly, can work for you even when your no where around.

Think of it this way....

Mr Canton wants $2 Million for his online business.

He believes that he can, if given the investment, grow his online business and make a big profit if he expands with in his market.

The market Mr Canton is in is shoes.

He also has a small line of shoes with his label that is doing pretty good.

Mr. Canton runs the business with the help of 2 remote part time employees and he also uses virtual assistant services on an as needed basis. The business is also some what automated so the purchase order to drop ship process is pretty seamless unless there is a problem. Currently he is making about $500k per year and has been in business for almost 3 years. If he can get the cash he needs, Mr. Canton can advertise more, boost the set aside stock from the manufacturers and hire more people to handle the increased volume.

If he can get the cash he needs, Mr. Canton can advertise more, boost the set aside stock from the manufacturers and hire more people to handle the increased volume.

He also would like to open 2 on site stores and focus on his brand of shoes more then he has in the past.

A brand that is doing pretty good in the open market as well as selling the shoes he sells already on his website, at his on site stores.

Mr. Canton believes if he can get the $2 Million he needs, he can make $10 Million to $15 Million in his first 18 months very easily.

Mr. Canton is a motivated business owner who just needs some cash to expand his already profitable business.

We will explore some options for Mr. Canton in Part 2 of When Your Business Plan Works For You

Liz

EMB FC Planning

http://embfc.zzn.com/

Images courtesy of [Vichaya Kiatying-Angsulee] at DigitalPhotos.net