CWAHM Devotional

Do Life DifferentDo Life Different
Work-at-home mom: take a deep breath and Do Life Different as you allow these devotions for work-at-home moms to fill the vacuum of your needy heart in the chaos of your busy world.
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40 Days to a Better Business: Day 7 – Why You Need a Business Plan


40 Days to a Better Business


Over the next few days we’ll be talking about how to put together a business plan. Before you tune out (or nod off to sleep), let’s talk a bit about WHY it’s important to bother with a business plan.

Testing Out Your Business Idea or Product
When you’re first starting out, it’s important to know whether or not your idea is truly feasible. You need to spend time doing market research – figuring out who your target market (those your product or service is aimed at) is as well as who your competitors are.

This is a chance for you to give your idea a test-run. Consider doing a survey online or via email. Make up some samples of your product or offer your service for free or at a reduced to rate to a couple select clients. This will give you an idea what what works about your business … and what needs to change.

Organization and Clarity
Being organized as a business owner is very important, but so is the organization OF the business; how your business is structured. A business plan helps you lay out exactly who will be involved in each aspect of the business as well as what the specific necessary components of your business will be.

Seeing it all laid out on paper can help clarify business strengths and weaknesses. It will help you see where improvements need to be made.

To Find Funding Or Investors
Depending on what type of business you are beginning, you may be looking for investors. For instance, if you are going to be producing, shipping and marketing a tangible product, you may need funds in order to get production going.

Having a strong, well thought out business plan will give lenders and investors confidence both in you as a leader and in your business.

Taking the time to put together a business plan will give your business it’s best chance at success. You will be able to implement ideas and strengthen any weak areas before they cause problems. Whether you’re starting a Direct Sales business, starting up as a Virtual Assistant or going into product creation, you need to have a plan in order to meet your goals and find success.


Read the entire series here.

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