As readers of my Blog are likely aware, I do my best to keep in contact with those that have approached my company about their business plans। We receive some 20-30 inquiries each week and have well over 1,000 contacts in our database of entrepreneurs and companies. With 400 lenders and investors in two other databases, we keep in contact in that realm as well so have a good to great sense of trends in business...and in business minds. Many of us procrastinate in general, I do with my diet and others in their personal life, just like entrepreneurs and business owners with their business plans or aspects of their plans. Last fall, many put their plans on hold due to the crisis on Wall Street and the economic environment, and that made sense at that time for many businesses. The economy is still imperfect and yet despite the likelihood of increasing unemployment, further bankruptcies in the retail sector and other factors, there are positive signs.
It is clear that we have not quite bottomed out. That said, it is equally clear that the bottom is only months away and recovery is in process. When the economy has rebounded in all sectors, every Tom, Dick and Harry (saying my father used to say!) will be jumping on the entrepreneurial bandwagon. For the procrastinators in most businesses, their opportunity will then evaporate. Now is the time to seize the day and become proactive versus remaining inactive. If your business plan is being implemented, do so on a more aggressive basis with increased marketing effort soon or in the very near future.
A free consultation tim@thebusinessplanconsultants.com is available on your business plan.
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1 comment:
a business plan should be taken as a roadmap to business success and growth, rather than just a tool to impress investors.
business plan writers
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