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BUILDING A PRACTICE ON PURPOSE SERIES PART #4 Identifying the Fear-based Culture of Your Business
In the personal life coaching I do as a Life On Purpose Coach I work with my clients to help them uncover their Inherited Purpose. This is the fear, lack, struggling to survive-based force that shapes people's lives especially whenever we...

Do Correct Investment in Business Opportunities
Business opportunities are only good when you know what you want and what you are doing. All to often people let a good business opportunity pass them by or they will jump into something when they really don't know what they are getting...

Fatal Mistakes To Avoid When Writing A Business Plan.
Too Much Information When is a 25-page business plan better than a 200-page business plan. The answer is - always. Most investors have a mental checklist of half dozen or so specific points that they look for in a business plan. Everything else...

Hiring A Virtual Assistant Can Help Your Business Grow
In today's tough economical times it's hard to think of hiring someone else to assist you, but it may be more cost effective than you think. If you're spending a large percentage of your day doing "busy work" rather than working on growing your...

Is Your Home-Business Insured?
Most people don't consider getting business insurance when they work out of their homes. For many home businesses, it may not be necessary. This article will help you decide if you need additional insurance coverage for your home business. ...

 
Do I Really Need A Business Plan

Copyright 2004 by http://www.organicgreens.us and Loring Windblad. This article may be freely copied and used on other web sites only if it is copied complete with all links and text intact and unchanged except for minor improvements such as misspellings and typos.

When I was a young soldier I learned: "There's the Right way, the Wrong way and the Army way!" The implication here being that the Army way could be right, but..

We also learned The 6 'P' Principle – Prior Planning Prevents Piss Poor Performance. This has been genteely modified to The 5 'P' Principle for drawing room society!

Starting a home based business without a plan is like choosing the Wrong way.

Starting any kind of a business requires a "plan of action". This is doubly true of home based business ventures if for no other reason than the added complexities of home based business operation.

You are starting your business. You need a plan.

What business are you going to be in? Are you selling apples, oranges, pencils on the corner, what?

What kind of space are you going to need for your shipping? Inventory? Office? Pick-up and Delivery?

We've already jumped the first big consideration. What kind of zoning exists in my residential area which might affect my home based business?

Do you need a comprehensive 500 page business plan full of color graphs and charts and color 8 x 10 glossy photographs, going into gory detail and providing a 5-year and 10-year projected income statement? No, not really.

But you do need a business plan which is complete enough to anticipate typical problems you will face and provide solutions to overcome them.

About the Author
Loring Windblad has operated his own HBBs for nearly 40 years, is a published author and freelance writer. Loring has written grants, business plans and resumes that got the job done right. His latest HBB endeavor is http://www.organicgreens.us

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