That's especially true if, as part of examining your goals and objectives, you envision very rapid growth.Energetic, optimistic entrepreneurs often tend to believe that sales growth will take care of everything, that they'll be able to fund their own growth by generating profits.
That's especially true if, as part of examining your goals and objectives, you envision very rapid growth.
In that case, you'll have to focus very carefully on the executive summary, the management, and marketing and financial aspects.
You'll need to have a clearly focused vision of how your company is going to make money.
It's easy when you're short of cash, or expect to be short of cash, to take the attitude that almost any source of funding is just fine.
But each kind of financing has different characteristics that you should take into consideration when planning your plan.
One of the most important reasons to plan your plan is that you may be held accountable for the projections and proposals it contains.
That's especially true if you use your plan to raise money to finance your company.
Luckily, one of the most valuable uses of a business plan is to help you decide whether the venture you have your heart set on is really likely to fulfill your dreams.
Many, many business ideas never make it past the planning stage because their would-be founders, as part of a logical and coherent planning process, test their assumptions and find them wanting. First, financial, to make sure this business makes economic sense.
Even if you don't learn anything new, though, getting a firm handle on your goals and objectives is a big help in deciding how you'll plan your business.
Goals and Objectives Checklist If you're having trouble deciding what your goals and objectives are, here are some questions to ask yourself: It doesn't necessarily take a lot of money to make a lot of money, but it does take some.