Planning – an introduction to this section
“Nobody ever wrote down a plan to be broke, fat, lazy or stupid. Those things are just what happens to you when you don’t have a plan.” – Maerlan Rico Lee
Welcome to the planning section of Yorkshire Powerhouse – a business plan, in all its elements, is an essential part of preparing for and launching a business or even growing and developing an exiting one.
At it’s top level, the process of planning a new venture and considering all the pros and cons of self-employment is essential. You would normally start mulling an idea, thinking about your goals and visions, but eventually you should start taking these thoughts and formalising them … with the logical end result being a formal business plan which you then, perhaps, reduce back down to a single page business plan which becomes more useful day-to-day.
A business plan can come in many forms and be for many purposes, but the single most important thing is that it is real … that it is a representation of what you actually want to do and intend to do.
Your plan is likely to change over time and through events, but the principles, vision and ethics of the business you create should shine through and be an immovable foundation.
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When thinking about your plans, be realistic about your own abilities! If you’ve never written a plan before then ask for help – accountants, bank managers and business coaches & consultants all offer their support and expertise to help guide you through this phase.
Planning thoughts from Yorkshire Powerhouse
You’ve read the article – have you any more questions?
Here at Yorkshire Powerhouse, we’re happy to help as much as possible – is there anything else we can do to help you or do you have any further questions – please let us know: