How an Entrepreneur Should Plan? - Introduction to entrepreneurship planning

Introduction of a Business Plan

An entrepreneur comes up with an interesting and unique business idea. He has his own vision to change the world. As he/she needs is a proper, right way to reach their goal. But in entrepreneurship, failure is inevitable. So, one always finds his correct path by walking on the wrong road. An entrepreneur doesn’t have a big team so he/she has to manage all his work within the available sources.

Now, there are many aspects in which an entrepreneur may lack in the journey of entrepreneurship. But, nowadays the major problem that entrepreneurs are facing is to make an organized plan.

See, No plan is perfect but we can count most of the things in an organized plan.

Today, entrepreneurs are not very organized in their planning. If they will not plan then how will they achieve the desired goal?

So, plan first.

How to Plan?

While planning your schedule you have to keep in mind two major following facts-

1} To be sure of success, you must have plans which are faultless. But nothing is perfect in this world so you have to be very precise while planning your curriculum.

2} You must have the advantage of the experience, education, native ability and imagination of others.

 “The most intelligent man living cannot succeed in accumulating money - nor in any other undertaking - without plans which are practical and workable.”

Henry Ford accumulated a fortune, not because of his superior mind, but because he adopted and followed a plan which proved to be sound.

We see men who have accumulated great fortunes, but we often recognize only their triumph, overlooking the temporary defeats which they had to surmount before arriving.

When defeat comes, accept it as a signal that your plans are not sound, rebuild those plans and set sail once more toward your coveted goal. If you give up before your goal has been reached, you are a ‘Quitter.’ A Quitter never Wins and A Winner never Quits.

Plan your things by considering the following-

    1.    Choose ‘the only’ field you are interested in.

    2.    Select your Niche.

    3.    Before working on any concept, ask for public opinion. If the public is interested then and then only your product will succeed in the market. So, ask for reviews. You have to ask at least 100 persons.

    4.    Design your product and make it appealing and attractive to the customers

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    5.    Create a little hype about your product through social media.

    6.    Finally, the financial section. Manage your finances. It contains your income, balance sheet, and other financial ratios.

    7.    After the product is launched again ask for reviews and add them further.

How to increase sales after the product launch?

For this, you have to learn some marketing strategies and tactics.

All about sales is described here- 
1. How to increase sales?
2. Niche marketing
3. What is social media marketing?

Now, as an entrepreneur, your company is not well established. Your startup is in progress. You will encounter some areas where your plan won’t work.

To solve this issue, you have to re-study your plan and have to point out the flaws in your plan. It seems a difficult task but it’s quite easy because you are studying your plan twice. Find faults and fix them.

All this is done by you and your team. Now, if you wish, you can take some external help to raise your sales. You can tie-up with some companies or you can take advice from some experienced sales expert.

Cross promotion is also a way to boost-up your sales.

After doing all these things ask yourself,

 1} Have I attained the goal which I established as my objective?

 2} Have I reached decisions promptly and definitely on all occasions?

 3} Has the purchase of my services been satisfied with the service I have rendered and if not, why not?

Answer these and you will know the area you should focus on.

Plan your move and achieve desired success.      

If you need help in planning your things then read the following article - Management of time