Comments on: You Can Write an Effective Business Plan for Your Home Based Business http://www.smartmarketingplans.com/you-can-write-an-effective-business-plan-for-a-your-home-based-business Business Owners Creating Effective Online Marketing Fri, 04 Nov 2011 15:15:49 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Ricardo http://www.smartmarketingplans.com/you-can-write-an-effective-business-plan-for-a-your-home-based-business/comment-page-1#comment-384 Ricardo Tue, 08 Feb 2011 07:48:48 +0000 http://www.smartmarketingplans.com/you-can-write-an-effective-business-plan-for-a-your-home-based-business#comment-384 I liked your post. Thank You. I liked your post. Thank You.

]]> By: Michael Wilson http://www.smartmarketingplans.com/you-can-write-an-effective-business-plan-for-a-your-home-based-business/comment-page-1#comment-7 Michael Wilson Thu, 25 Feb 2010 04:30:33 +0000 http://www.smartmarketingplans.com/you-can-write-an-effective-business-plan-for-a-your-home-based-business#comment-7 Richard, Good question. And you have kind of answered it yourself! An effective business plan is a living document and that is how successful business owners treat it. Regular, not necessarily frequent, reviews and updates are critical to capturing changing market conditions and opportunities. But it's not an action item list per se; too much fiddling with it reduces the value. Typically short term goals and lists are tracked separately; business plans are reviewed annually (or slightly more often during startup). You've got lots of ideas spinning around - hard to capture them all! Michael Richard,
Good question. And you have kind of answered it yourself!

An effective business plan is a living document and that is how successful business owners treat it. Regular, not necessarily frequent, reviews and updates are critical to capturing changing market conditions and opportunities. But it’s not an action item list per se; too much fiddling with it reduces the value. Typically short term goals and lists are tracked separately; business plans are reviewed annually (or slightly more often during startup).

You’ve got lots of ideas spinning around – hard to capture them all!

Michael

]]> By: Richard Goutal http://www.smartmarketingplans.com/you-can-write-an-effective-business-plan-for-a-your-home-based-business/comment-page-1#comment-6 Richard Goutal Wed, 24 Feb 2010 13:57:38 +0000 http://www.smartmarketingplans.com/you-can-write-an-effective-business-plan-for-a-your-home-based-business#comment-6 I am wondering, Is a business plan set in stone (more or less)? Here is what I am thinking, but I'd be interested in your take. I am thinking that the results of the first two items on your list --the Market and Business Analysis-- would probably be fairly solid over time (?). However, the small steps of the Action Plan would be updating --changing-- day by day. At least that seems to be my experience right now; whether that's best or not, not sure. I find that every few days I get additionally new ideas that build on existing plans, creating new action steps, rounding out the overall vision of a particular business. In some cases, the new ideas diverge slightly from main intent at the moment. I'm not sure if that enlarges the vision of the existing plan or is the germ of a new business plan... but it is fun and exciting! So many ideas, so little time! I am wondering, Is a business plan set in stone (more or less)? Here is what I am thinking, but I’d be interested in your take. I am thinking that the results of the first two items on your list –the Market and Business Analysis– would probably be fairly solid over time (?). However, the small steps of the Action Plan would be updating –changing– day by day.

At least that seems to be my experience right now; whether that’s best or not, not sure. I find that every few days I get additionally new ideas that build on existing plans, creating new action steps, rounding out the overall vision of a particular business. In some cases, the new ideas diverge slightly from main intent at the moment. I’m not sure if that enlarges the vision of the existing plan or is the germ of a new business plan… but it is fun and exciting!

So many ideas, so little time!

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