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Chaz Richardson October 7, 2019 Business Plan

Having a business plan is so important to you as an online marketer. But most people, who start online businesses, especially small businesses, do not really take the initiative to make a business plan. Probably they think that it is not necessary. But for sure there is little you can achieve in life without proper planning. More so in the contemporary times when survival depends largely on ones ability to organize your physical and mental resources well. The future is actually for those who are organized. And the future of your business is dependent on your good planning.

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So, why not start out with what you would like to have in life for you and your family? Then develop a business plan that could show you exactly what your business would need to do to give you that life style. If you think about it, there is no other way where you have more control over what you want in life than letting your own business do it for you. If you work for someone else, you are sure not going to have as much control over your future.

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A business plan is therefore an outline for taking an idea for a product or service and turning it into a commercially viable reality. It is a roadmap of the business you intend to start and without it you may end up getting lost on the way. It should therefore be remembered that having generated your business ideas and analyzed them to come up with the most viable idea, it is important to create a business plan for your online home business. Do you have one?

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Did you ever stop and think what a unique position you are in as a business owner? I do not know of any other way you can have as much control over your success than owning a business. When you work for someone else, you are totally at their mercy as to what your future may be like. It does not matter whether it is a private business you work for or a large corporation. Your future is in their hands. The only thing that might qualify other than owning a business would be to inherit or win a lot of money that would give you everything you want in life.

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Some people think that they do not need a business plan for a small business. But let me make it clear that the size of the business does not matter. Whether small or big, you need a plan. If you need a plan as an individual and for your family, then why not have a plan for your small business? Like for individuals and families, you need to plan for your online small business.

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In many cases business plans are very important but so much of the time it is a plan to try to convince someone else that you know what you are doing with your business like banks, investors, partners, etc. Now it is true that a well written business plan can also be a major benefit to your success as well if done right. It can guide you and keep you on track and can be the vehicle to get you were you want to be especially with so many outside forces now days that bombard you. A plan can be extremely important to your success especially when you look at the statistics that says 51% of small businesses fail sometime during their first 5 years.

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