Blog: Business Finances
Organize your thoughts to increase revenue
Updating your business plan is one of the best ways to keep you thoughts organized. If you don't have one, now it the time to write one. The beginning of the year is a good time to implement a plan. Writing a business plan takes thought, consideration and focus. The purpose of a business plan is to document the future of your company. A business plan has several elements, including but not limited to your vision, goals and a strategic plan. Establishing and implementing these three elements will significantly increase your chance of success.
Vision = this is your or your management teams dreams for the company, "vision helps guide the day-to-day operations and strategic decision-making necessary to achieve success" FastTrac Growth Venture Entrepreneur Manual 2006 by the Ewing Marion Kauffman Foundation. www.fasttrac.org
Goals = these are thoughts which make your vision happen. Goals are set for the organization, the owners, the board of directors, management and employees
Business Strategy = specific tasks that keep the company focused on its goals, this includes a budget and forecast
One supports the other. Your business strategy details how to implement your goals. The goals are a map to accomplishing your vision. When a company is run with these elements in place, everyone tends to stay focused (organized). Hopefully, this leads to an increase in revenue.
I have found that I need motivation when it comes to updating my business plan. I have vision for my company, but need a push to think through everything and get it on paper. I decided to get that motivation by taking a class. A 30 hour class. As an organizer, I enter peoples lives to get them motivated. I'm no different than my clients, I need motivation too. I need new ideas and someone to teach me and ask me to organize my thoughts.
posted on: 11/10/2007 11:30:00 AM by Tracie Utter
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by Tracie Utter
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I am a Professional Organizer that focuses on financial information although I organize homes as well. Prior to organizing, I worked as a CPA for public and private companies as an auditor, controller, project manager and more. Now, I organize full-time with a focus on office organizing (both home and corporate), managing paperwork, managing Quicken/Quick Books and banking. I help people understand what type of paperwork/computer files to keep, how long to keep it and how to store it.
My Favorite Websites for Small Businesses
- KY Society of CPA's
There is a section "For the Public" that has information related to starting a business. There's also a calendar which indicates when certain financial information is due, such as, taxes.