What Is A Business Plan ?

The primary value of your business plan will be to create a written outline that evaluates all aspects of the economic viability of your business venture including a description and analysis of your business prospects.
Since the My Own Business, Inc. course is broken down into sixteen of the most important topics to consider in starting or operating a business, your business plan can easily be organized into this same format. Included in this session, and in each of the following sessions, there is one-page business plan template, which you can fill in and print. (Session 2 contains templates for both Sessions 1 and 2.) When you put these all together, you will have completed your personalized, overall plan.
We suggest that you fill in each section of the business plan, found at the end of each session, as you proceed through the course.
Each of the sixteen Business Plan Sections can be downloaded from our Web site and provide you with a single, attractively presented document. To begin, let's take a preview look at each of the 16 Business Plan Sections:
Keep in mind that creating a business plan is an essential step for any prudent entrepreneur to take, regardless of the size of the business. This step is too often skipped, but we have made it easy for you by providing this ready format to build your plan as you progress through this course.
Business plans can vary enormously. Libraries and bookstores have books devoted to business plan formats. This course is a starting point. You can then go on to design one that would be ideal for your particular enterprise.
Be aware now that most start-up entrepreneurs are reluctant to write down their business plan. It is, therefore, strongly recommended that you complete each segment of the plan as you progress through this course. We make it easy for you by providing sample plans for both product and service businesses and also an attractive blank form that you can download onto MS Word and customize yourself.
Your business plan will become your roadmap to chart the course of your business. But at the outset you cannot predict all of changing conditions that will surface. So after you have opened for business, it is important that you periodically review and update you plan.

Starting New Business Tips

Not easy to start a new business. Instead of doing direct business transactions, a beginner usually stuck with the rush that dissociate himself to start the actual business activities. If only one-two-three days can still hit. That often happens is up to a weekly or monthly without doing real business. You can call whatever. Busy making cards, choose the font busy or company logo, or busy thinking about the concept of business.

It is true that to start a business requires preparation of the mature, or as said Robert Spiegel, author the book "The Shoestring Entrepreneur's Guide to the Best Home-Based Businesses", prepare a business is like make the end of the pencil. Summary of your business not only at the end of the pencil seruncing what you are, but how you use a sharp-pointed pencil was the success of your business.

If you are experiencing such conditions, there are 10 steps, according to Robert Spiegel that you need to remember and do:

# 1. Make a List of Work

Paste in place is always visible to you. Marked and color that attract attention. List is a "compass" to guide your way and your business running successfully.

# 2. Step Head

Paste how infants learn the road. Falling-up, never give up without, with small steps. As is also when you should start a business. Although few, short, and small, across flee. Realisasikan list your work, fokuslah, because that makes the difference, and fear that you experienced. Doubt-doubt only lost by the action.

# 3. Get Customers or Clients

If you do not have any customers or clients, you can not have a business it is said, So, get customers or clients for your first start your new business. Serve, care, and puaskan your first customer.

# 4. Forget perfection

You may not expect everything to run perfectly sesuatunya earlier when your new business your way. Chances are, issues and rintangannya. But what does not, it's very normal and natural. Here, realistic attitude and your patience is needed.

# 5. Employees choose the Hard Worker

It is very important in the early-early pioneer new business, you are surrounded by people that the spirit and hard workers. This will create the environment that is so excited to add more ammunition of your business.

# 6. Talk Business Questions
Be conditions yourself in the business world and as a businessman. Replace the word choice and language in your daily life. Discuss your company as a business, not about a business. Ensure yourself that you are running a business. Because, if you are not sure with your business, how can you expect other people believe. Do not say words that show you (as) is not serious in the business. For instance, "I'm try to start the business." Say, "This is my business."

# 7. Self esteem you
We all like appreciation. This time to the fair itself, once each week, ask yourself whether you have done something worthy to be valued, the real effect on the progress of your business. Do not hesitate, hesitate to celebrate.

# 8. They made accountable

Find business partners, organizations or business owners that can, directly or indirectly, supervise your new business. This step is important so that you are always pushed to do the steps that can be serious. This step also allows you always are in the path of your business goals.

# 9. Anticipating developments of Age

Make sure that your business does not lag period. That's why you are advised not take a long time to spend the time to sharpen your pencil tip. For the more important is to do something for your business. Here, you must be sensitive to the development of the age.

# 10. Remember your dreams

When your business has started to run, do not be afraid to leave the "safe zone" you. Say on yourself, "Now I already have their own businesses. Time raising my business. " Changing goals and create a new dream can also refresh your spirit as the early pioneer beginning your new business.

Happy trying! Good luck.

Source: Bentrepreneur, February 2007

Three Types of Brand

Based on that goal be achieved from the products or services offered, brands can be grouped into 3 types, namely:

1. Functional Brand
Brand is a functional brand that is designed to generate the perception of the performance or economic value of a product or service.

2. Image Brand
Usually give the benefit of this form for the benefit of this brand to express themselves. Brand would considered capable up the image of the user's product or service.

3. Experiental Brand
You go to a restaurant TEMPOE DOELOE (PAST TIME Restaurant). In the restaurant that you feel a different atmosphere. As you start remembering the past. Building, serving, and the food is very traditional feel in the tip of your tongue.

Everything in the restaurant that make you feel like and always want to return to the restaurant. Therefore you can consider TEMPOE DOELOE as Brand Eksperiensial.

Options for which you want to develop for your business, it depends on the type of product or service that you want to offer, how the strength of competitors in the business, over what owned by your business, and how the impression that you want to deep in mind consumer

Good Corporate Governance

What indeed is Good Corporate Governance (GCG) ? When translated to mean the general public, among others, the terms of the Good Company. How do I manage the company well? Here GCG principles teach-principle.

1. Transparency
That is managing the company in a transparent with all stake holders (those who are involved directly and indirectly with the activities of the company). Here, the management company must be transparent to a stock investor, it is honest in making business reports, not manipulatif. Information transparency in the decision making process and the disclosure of information that are considered important and relevant.

2. Accountability
Clarity that is the function, structure, systems and accountability in the company, so that the management company can be done effectively and efficiently. Management must create a job description is clear to all employees and emphasize the basic functions of each part. From here the company will become clear rights and obligations, functions and responsibilities and authority in any company policy.

3. Responsibility
That is aware that there are parts of the company that brought the impact on the environment and society in general. Here the company must pay AMDAL, the security environment, and themselves with the suitability of norms that apply in the local community. Companies must proactively apresiatif and social shock to each and every community that developed in the community.

4. Independence
That is coupled with a walk upright with the community. Company must have full autonomy so that decision-taking is done with consideration of the authority in full. Companies must run with the benefit to be able to maintain the sustainability of business, but not without seeing the benefit of others who should also be hit. Everything must be hit and no one is harmed.

5. Fairness
That is a kind of equality or fair treatment in the rights and meet their obligations to the stake holders arising under the agreement and the laws that apply. Companies must create a solid system to make it all work as expected. With the job fair is expected that all existing rules be obeyed in order to protect all those who have the interests of the sustainability of our business

The Seven Characteristics of Successful Entrepreneurs

1. Ability to develop a clear focus.
You should know right what makes your business different from competitors. Develop a vision and implemented it, do not move from one idea to another idea. Many entrepreneurs fail because they feel that the new ideas that they find more interesting than they run now.

2. Realistic expectations.
If you do the diet and hope to lose weight five-pound pe rminggu, you will surely disappointed and give up. If your goal is realistic, most likely you will still hold on and succeed. Very rarely are people who "suddenly rich."

3. Willingness to make a plan.
The most successful entrepreneurs are those who have goals and a clear plan for achieved. They learn the market, competition, and mechanism, and are willing to truly learn all the obstacles that may be encountered.

4. Flexibility and adaptabilitas.
In addition to a plan and a clear focus, you also need to have flexibility in responding to changing situations. In business, and life, everything changed, and there is certainly a problem.

5. The ability to overcome fear, because they had to sell.
In a certain sense, all the sellers are. You should not fear dealing with customers, motivate employees, and establish good relationships with suppliers. You do not need to have expertise when starting a business, but you must learn in order to keep your business running.

6. Willing to work hard.
There is no shortcut here; run business means working hard all the time.

7. A clear personal goal.
We all have desires different. We want to have a lot of money, and it is already in the home when children return school. We want to control all activities, but the products and services we produce are very diverse. The goals are clearly mutually incompatible with one another. To achieve success, you must focus on what is truly important to you and what you can achieve.

8. Experience.
You need not be experienced as a company manager's car to launch used car business, but you must have experience in related field or experience in implementing the ability you have as a manager, initiated a business before.

(source: the Owner's Manual for small business, Rhonda Abrams)

The Lifestyle of the Rich

A secular research institutions in the USA examining the people happy. Size of happiness is the number of money first. Survey carried out to the rich (millionaire) with the initial sample of more than 200 thousand people millionaire. 200 thousand from the filtered measure their happiness based on various parameters including the family. Distillate last around 200 people there that are considered very happy, because in addition to rich, their business outside the ordinary, enjoy life, and their families is not problematic:

Following survey results:

1. The people are frugal
2. People always live below their income
3. Very loyal to the pair, not divorced and faithful
4. Always pass the tempest in the family / business
5. Their different ways of thinking in terms of all the people with the most
6. When asked the key of success, among others:

Have integrity, discipline, not greedy, Always develop social skills, learn getting along with people, learning leadership, selling ideas, those who upgrade themselves, not lazy learning, and has a pair of support.
7. Most Time / activity, for:

Invite children and grandchildren for sports, think about the investment lot, lot of time looking for the presence of God (This is their lifestyle since young), attending religious activities, Sosializing with children and grand children and Entertaining with friends,
8. Have a strong religious faith, and according to them is key to their success
9. Religious millionaire.

They never impose a number of assets to the Lord, but they learn to listen to the voice of God, to the amount of assets that God would want for them. Requested guidance for business. They are not the type swallow all the bids that disodorkan business to them, but first ask God to make decisions.
10.While asked about who their mentor, the answer is the Lord

Investing Tips For Beginner Investors

Managing finances carefully are already a must. Not only save money, the investment plan to meet the future needs to be done since the beginning.

If you are interested in starting to invest, there are several steps that need to be done.

First,

preparing the portfolio of investors. In this case you should be able to select how many percent of the funds to be invested for the short, medium, and long-term.
Portfolio selection is important to define the instruments that can provide optimal benefits, the short term, you can choose the deposit. However, in the long run, you can choose mutual funds.

Second,

you must carefully choose the institutions or who manage the funds. You must carefully select, such as a bank where a credible and what is the investment manager (IM) products to mutual funds. You can also check how to record impressions (track record) IM in managing investments. Learn of its products, whether the criteria can be entered in the desired investors.

Third,

learn how much profit you can get. Always remember the principles of investment, high risk high return. If you want the higher profits, you also must be ready to receive the risk

Reduce Expenditures for Saving

1. "Be consistent"
depending on the intention of all the deeds! if we have intention to scrimp, we must be consistent so that people from the beginning to the end, may not change.

2. "Poor taste"
we should "feel" as the poor bro, not so poor. sometimes we should feel the life of the poor who always economical in each "E": everytime, everywhere, everyway. not surprisingly, the muslim around the world are obliged to fast the month of Ramadan is?

3. "The Bank is the third house"
after the home and school, the bank must make our home a third. so that we always remember with a save.

4. "Buy the product in the country"
Let other countries to invest by selling their products in our country. Huh! we will not only use their products again eh? is, creative people and more fit in the bag, why buy that expensive? do not do prestige! if necessary, should make their own goods we need.

The Tips for Saving Money

Controlling desire is one of the main capital to have a savings account.
Some things below are the tips so that we can scrimp money:

1. Make a list of your expenses each month

Included in this case is to fund the repayments or rent a house, electricity, water, telephone, daily needs for food and clothing, freight transportation, roads and go to the cinema

2. Check and search the list of expenditure that you can crop

usually you eat outside at the office, try to bring stock lunch from home

3. Pay first of all charges, after that set apart money to be saved

Set aside the earlier, more expenditure will be controlled and you do not panic when the money suddenly clearance

4. Eliminate the schedule in the cinema watching

If you usually watch movies in theaters each week, reducing the schedule to be 1-2 times per month

5. Buying clothes in a store that provides discounts or wait for sale time comes

Limit the purchase of clothes, just 2-3 months

6. As could as possible, avoid the use of credit cards

Except, you can pay all at once the charges at maturity. Collectors need not be a credit card, and use this card only during an emergency. Use a debit card, so you only spend a capability you

7. Obeying budget that you have created each month

Initially may be difficult, but you will feel the benefit when the already

8. asking pair to be your supervisor

So that financial management is running smoothly, both parties should have the vision and mission of the same. If not the same, discussed this case with pair

9. Learn your child to save since early

Why We Need An Investment ?

Someone make the investment because the demand will be triggered by the future. But unfortunately, many among us who will not consider the needs of the future. In fact, if only they know the future, someone the cost of living increases.
Would you include such a group? If not, then, a group that you are concerned with the future. Someone who needs to realize that the future will be larger, of course they will cut corners in the financial manage. They clearly will do planning (investment) to meet the needs.
In addition to the need for the future, someone make the investment because of uncertainty triggered by many things or unexpected in this life (of limited funds, health, natural, investment market conditions) and a high inflation rate. That is the challenge that we need to face.
However, the presence of alternative instruments (effect) allows one investment can meet the needs of the future, to determine priority needs, set planning and implementation of the discipline