The top mistake made by business owners

June 5, 2015 | Roger

The top mistake made by business owners. Is it…

Under-funding

Not reinvesting enough in your business

Insufficient cash flow

Lack of marketing investment

Lack of general business knowledge

Being a weak leader

Yes, all of these can be classified as a top mistake made by business owners but…

The #1 top mistake made by business owners is – not having a business plan.

Google “top mistakes made by business owners” and you’ll see that most of the lists include not having a business plan. For instance, check out The Top 8 Money Mistakes Business Owners Make. Or The 7 Biggest Mistakes Small Business Owners Make.

 

The research is clear…the one single practice that can boost a business’ profits and revenue is having a written business plan. In other words, a plan to operate by—so you’re not leaving your company’s future subject to “winging it” day in and day out.

 

We’re not talking about the complicated, multi-page document that you have to give to the bank in order to secure that loan. Or the one you pay a consultant thousands of dollars to help you create.

 

You can create an operating plan that gives you a clear picture of where you want to be in 10-30 years plus spells out a 3-5 year plan, a 90-day plan, & a ready-to-implement action plan to get you there.  And you can get it all on 1 page so you can see all the components at once. That way you maintain a focus on your long-term goals while also seeing what you have to do today to get there.

 

I believe it’s so important for every business owner to have an operating plan that I run a quarterly workshop in central Indiana, pricing it only to cover my cost. Business owners from every industry come together and help each other complete their 1-Page Strategic Plans. Most attend every quarter to update their long-term plans and make new 90-day action plans—it’s become their habit.

 

I invite you to join us. The day includes short educational periods, work in small groups, and a nice hot lunch together.

 

Thur., June 25, 2015, 9 – 4 pm

Hilton Garden Inn Indianapolis Airport, 8910 Hatfield Dr., Indianapolis  46231

 

Register for this quarter’s Growth Plan Business Planning Workshop.

 

You’ll walk away with:

  • A clear picture of where you want your business to be in 10-30 years, a 3-5 year plan, a 90-day plan, & a ready-to-implement action plan to get you there
  • Your 12-month goals broken into bite-size quarterly goals, monthly milestones, & weekly actions
  • Strategies to build your profits right away
  • A network of like-minded business owners

Cost is $247 at the door, $187 in advance, and FREE for business coaching clients.

 

Avoid the top business mistake made by business owners. You can even start to work on yours now and I’ll help you complete it at the session — download the 1-Page Strategic Plan form and instructions.