Business Startup Planning

According to a survey conducted with 2,877 people, only 995 had a complete plan.

The results of the study were as follows: The people with a business plan: (Source: Small Business Trends) You can’t consider creating your startup strategy based on the free financial plan templates and business strategy examples available online.

It’s very natural to feel writing a business plan as a big task, especially if you’re starting a business without a financial background.

But having a clear and organized business plan increases your chances to convert an investor.

Strategies and plans need to be measured in order to improve them.

Any result that is subject to an increase or decrease in its value should be measured, in this way pay attention to your costs and ensure good results. There’s a whole lot of planning behind successful businesses, and you need to create a business development plan that will cover all the aspects of your startup.Improvisation is an excellent skill to have while running a startup but having a key outline to your financial plan and business strategy will always be more beneficial.Look for external financing, partners of a better financial level than yours with which you can grow.There are business fairs that are searching for Startups with structure and projection to invest in them, there is a lot of capital in the hands of investors that is yielding 2% or 3% in banks and there are many ways of financing projects that seek more profit than the bank. Ing PAÚL MELEÁN, Industrial Engineer with more than 15 years of experience in production plants, Former CEO and Partner of companies of Import, Export and Distribution of products in America, Former CFO of investment companies in products of the futures exchange and Stocks.Training your Employees and build a culture of information (Learning & Growth) Employees will run more smoothly business (Internal Business Processes) Better Customer Service (Customer) = Happy Customers , Great Profits (Financials) Your strategic plan must include an action plan with specific tasks, responsibilities and timelines, and your team members will need to hold themselves and each other accountable for achieving results.In the preparation or planning stage, focus on taking all the steps in the right order, it will be boring, it will be frustrating, but believe it, it will be worth it.The performance should be reported and analyzed by an interdisciplinary committee. You will want to identify longer term strategic objectives as well as shorter-term goals, These goals might relate to launching new products or services, acquiring new customers, expanding into new markets, increasing profitability, raising your company’s visibility, or anything else that is important to your business.These goals should be ambitious enough to be challenging and inspiring, but not unattainable.Approaching investors with such ready-to-use templates is not a good idea.They see such business models from several other entrepreneurs every day.

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