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Extra resources for Starting Your Own Business: The Bestselling Guide to Planning and Building a Successful Enterprise
Example text
CHECKLIST X Plan ahead for your business plan. X Focus on the end result. X Write the plan all by yourself. X Summarise the content and position it accordingly. X Explain exactly how your business idea works in practice. X Describe your business objectives. X Define the marketplace. X Research the competition. 38 / S T A R T I N G Y O U R O W N B U S I N E S S X Produce a clear description of your product or service. X Describe the key elements of your sales policy. X Develop a plan to market your enterprise.
They were only two years away from maturity and intended as a substitute for a pension (some pension). I decided to cash them in and lose a small fortune in the process. Then I thought again. Magic, lateral thinking or inspiration What if I could borrow £10,000 against the final maturity values but defer repayments until the due maturity dates (which were within days of each other)? If this were possible then all I had to do was keep up the premiums which I had been doing anyway for eight years and clear off the respective loans in one go when both policies matured.
4. Make a list of the commercial skills you would like to acquire. 5. Think of six possible trading names you could use. 3 Creating a Winning Business Plan You can’t start too early creating your plan for achievement. Start now. Don’t even wait until you’ve settled on an idea. That may take a little time and no bad thing either. Best to get it right from the beginning. ’ Fair comment, but what you can do is to plan for your Plan. PLANNING AHEAD No one really likes writing reports, and that basically is what your business plan will be, a report.