6 Tips on How to Write a Good Business Plan
Michael Dermer2018-08-30T14:59:55-04:00A business plan can include whatever information you feel is required to best convey how you are planning to make your business sustainable.
A business plan can include whatever information you feel is required to best convey how you are planning to make your business sustainable.
From our The Lonely Entrepreneur family to yours - Happy Labor Day!
Being the CEO of an established company is hard enough, but being the CEO of a developing business is the ultimate baptism by fire.
Start today by making the commitment to being a more unemotional, deliberate and thoughtful leader.
There is no investment that you can make that will do more to improve productivity in your company than a training program.
Test your idea against at least two variables: Financial and Lifestyle.
Taking the time to validate the viability of your idea is a critical step in being a good entrepreneur.
Before you attempt to change the world, you should take a hard look at your company to get a clear picture of its purpose and place.
Does it really matter if we get out of line every once in a while? For the most the part, we can say, “no harm, no foul.” Except for these “Deadly Sins”
Managing yourself will help you build a better product to serve customers, employees, investors and you.
If you focus on your present to-do list, you offer yourself the remarkably satisfying and motivating experience of completing the tasks before you.
Goal setting is not a nice to have - it is a fundamental behavior that has to drive your company behavior.
Saving money using a few of these tips is easier than you think.
Process is key to improving your collection process to expedite payments and maintain control over your cash flow.
Billing efficiently is a key step to maximizing your cash collections.
Before you sign on your first customer, you need to have established your policies and procedures for payment terms and methods.
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You see what others miss. You create entirely new categories — products, services, or ways of working that didn't exist before. You're the visionary who bets on the future.
You out-work everyone. You don't wait for the perfect plan — you start, iterate, and grind until it works. Speed and grit are your unfair advantages.
You take what works and make it better. You're not chasing originality — you're chasing excellence in execution. Refinement is your art form.
You measure twice and cut once. You analyze the market, validate the model, and only move when the data supports it. Precision is your edge.
You don't start from zero — you acquire what's already working and scale it. Capital allocation and operational leverage are your superpowers.
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A simple letter of intent can reduce your time to receive payment from months to a couple of days.
Identifying where your skills can be supplemented or complemented can quickly accelerate your company’s growth.
How do you truly engage your people so that they are not only productive, but deliver at a level which far exceeds your expectations?
So how do you change your perspective from how you feel now—reactive, emotional and like you never have time to think—to unemotional, deliberate and thoughtful?
Unless you make this principle very clear, you will constantly be battling the wants and needs of everyone else except the interests of the business.
Don’t let anyone tell you there isn’t a way. Don’t let the established ideas, and traditional solutions make your perspective static and inflexible. You need to bring your creativity to change results.
These Deadly Sins should be a avoided at all costs. The after affects can be detrimental to the progress and growth of your organization.
Customers want salespeople who are thinking about their business - not about selling them your product or service.