Your Business Plan Should Establish Milestones For Targets (Objectives)
Many entrepreneurs set out on the path of realizing their dream occupation completely by chance. Others have a clear & concisely planned objective prior to performing their first service or building their first product. Either way, establishing a set of objectives (milestones) is always important and also provides positive reinforcement that progress is actually being made. Entrepreneurs can easily become so entrenched in running their company that they lose awareness of whether they are gaining ground or even worse, losing too much until it is too late to react in time.
Start small (baby steps) & build upon where you see yourself in a year, two, five & then ten years. It is always much better to establish easily achievable gains in the beginning then (and only then), steadily begin raising the bar as you become better at accomplishing each goal. Remember that it is always much better to make progress no matter how slight it may actually be. Even the smallest of gains will serve to add a gradual, escalating form of inspiration which culminates sufficiently to afford enough positive progress that any minor setbacks are easily diminished. As you become better at surpassing your initial gains try raising the bar a little more but remember to be realistic & think twice before biting off more than you can chew.
NEVER forget to plan your exit strategy, despite the fact that you may be really enjoying yourself or perhaps you become too busy to even think about it. The best words I ever heard from one of the most successful people I know were: “do what you love & love what you do”, “It won’t ever seem like work that way & the money will just happen” Before you know it you may have attracted the attention of a competitor who is interested in growing their business through acquisition (M&A) or another entrepreneur much like yourself will envy what you have built enough to make you a lucrative enough offer that you either retire of start another business you may be contemplating.
No matter what, a business plan is ALWAYS vital to provide a measuring stick of your own performance & objectives regardless of whether or not you require one for funding growth. We can help you with a fresh up to date & effective business plan in the Vancouver area. We can arrange a meeting in person in the GVRD including: Vancouver, North Vancouver, West Vancouver, Richmond, Burnaby, New Westminster, Delta, Surrey, White Rock, Langley, Poco, Coquitlam, Tri-Cities, Pitt Meadows, Maple Ridge, Mission, Abbotsford, Aldergrove, Chilliwack, Upper & Lower Fraser Valley.
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