Eight Steps Of A Successful Business Plan

The management practices you can read about in our class textbook by Kinicki and Williams (2016, p. 136-146) offers information on many ways you can manage your business, as well as improving your management skills through planning. A successful plan as the author implied (p.136), is what gives your workers a guide. By setting goals through planning your business will have a guideline on how it should grow. The author talked about how in planning it is important to think about both the short, and long term (p. 142-143). If you are too concerned with the short term you may not succeed in the long term and that goes both ways. A well-put together plan can make sure that the business will succeed and grow in the future (p. 137). If you miss a

According to the article not having a business plan is one of the main reasons new businesses fail. The article then summarizes the eight steps of a successful business plan. Those steps include a cover page, table of contents; plan summary, description of business, and information about your business, marketing plan, financial plan and an appendix. Each topic is then elaborated on in detail for a clearer understanding. The article states that after finishing your business plan it needs to be put into use for the business immediately. Finally the last portion of this article is on beginning your business. This article entails that the main reason why around 90% of businesses do not succeed is because they lack a well written business

Most of the officers that are in the service, are retiring before, if not well before the age of fifty. This early retirement means that they still have plenty of good working years left. The article makes the point that although their knowledge is mostly of working for the defense of our nation, they still have the attributes that are needed by managers, but are just hard to teach. The attributes possessed by these men and women are confidence, organizational skills, teamwork and motivations, all of which make for good, productive, managers. The article goes on to talk about how officers have one of the best qualities that any manager/leader can have, the ability to motivate. They have the experience of being in control of a group and motivating them to do what may seem impossible at the