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Cramer Bowman 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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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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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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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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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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So how would you go about making a plan like this? Well if you know a fair amount about business, you can. It will take some special calculations and some work but if you know how to put together a Profit & Loss Statement, you can probably do it.

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