Posted in Blog, Business Inspiration, Leadership Inspiration

December is a great time to start writing a Business Plan

I was asked these questions last week “What does a Business Plan really mean?”  “Why should I have one?”  “Aren’t they a lot of work?”  Let’s explore these questions for the small business owner and entrepreneur.

What is a Business plan? ~ according to Wikipedia.

A business plan is a formal statement of business goals, reasons they are attainable, and plans for reaching them. It may also contain background information about the organization or team attempting to reach those goals. ~ Wikipedia

A business plan can be basic or complex, for these business plan questions I will keep it uncomplicated and achievable.

Why should I have a business plan?

A business plan helps you have a reason why for your business and keep you focused on your goals.

Here are some questions for a basic business plan:

  1. What is your business?
  2. What products and/or services are you going to provide next year?
  3. What are your values?
  4. How are you going to incorporate your values into your business?
  5. How are you going to accomplish this?
  6. What is your financial goal for next year?
  7. Who are your potential customers or clients?
  8. How are you going to market and network your business to successfully reach potential customers/clients and obtain your financial goal?

Aren’t they a lot of work?  

When reviewing, brainstorming and answering these few questions you have a simple and attainable business plan for the upcoming year.  Feel free to share. ~ Patti 🙂

To contact me for a private confidential discovery business plan coaching session.   Fill out the contact form below.   In the comment section specify you would like a free 30 minute business plan discovery session.

Coaching sessions can be conducted in various methods.

  • By Phone
  • By Skype
  • In Person

Posted in Blog, Business Inspiration, Leadership Inspiration

A good LEADER create LEADERS in others!

Follow the Leader

What is a good leader?  How does a good leader create leaders in others?  Those are great questions to ponder.

What is a good leader to me?

A good leader listens even when they don’t agree and has the ability to explain their outlook and why.  Has a talented way to give constructive feedback without deflating the employee.  Hold others accountable for their actions and hold themselves accountable, as well.

The ability to communicate the strategic plan and goals for the future of the team.  Motivate and encourage team members to obtain these goals with leadership and team building skills.

A good leader is trustworthy, honest, ethical, loyal, dedicated and dependable.  They coach, mentor and respect their employees and want them to succeed within their organization.  They are upfront about difficult uncomfortable situations and the subordinates are not guessing or assuming what they really meant.  These are a few traits I believe makes a good leader.

How does a good leader create leaders in others?

A good leader meets with their employees one on one to discuss personal development.  The supervisor and staff member create an action plan with goals and training courses.  Through coaching, mentoring, a career development plan and leading with a proven successful manner, the employee will be on a career path of purpose.  It is up to the individual to pursue their dreams and aspirations to be a good leader.  Don’t underestimate the importance of having a good coach, leader or person in your life to assist you along the way. Having a good leader to follow is priceless. Just think, what possibilities could be in the workplace if everyone was a good leader.  ~ Patti

Please feel free to share your comments below in “Leave a Reply”. 

Become a Better Leader [e-Book] Click here to download your copy.

Quiz – Is Your Job Too Stressful?

Coaching for Inspiration
Coaching for InspirationwithPatti.
com – TM

 

To contact me for a private confidential discovery leadership coaching session.   Fill out the contact form below.   In the comment section specify you would like a free 30 minute discovery leadership session.

Coaching sessions can be conducted in various methods.

  • By Phone
  • By Skype
  • In Person

 

 

 

Posted in Business Inspiration, Polls

Why do businesses fail?

A.) Not having a business plan?

B.) Not hiring a good manager and/or accountant?

C.) Not hiring the right people?

D.) Not knowing the market?

E.) Not listening to your employees and customers?

F.) Not taking care of taxes, insurance, paying vendors for product and other business obligations.

G.) All of the above?

H.) Other?

Coaching for Inspiration