To sum up, planning your plan will help control your degree of accountability and reduce time-wasting indecision.
If you're looking for a bank loan, you'll need to stress your ability to generate sufficient cash flow to service loans.
Equity investors, especially venture capitalists, must be shown how they can cash out of your company and generate a rate of return they'll find acceptable.
Even if you don't learn anything new, though, getting a firm handle on your goals and objectives is a big help in deciding how you'll plan your business.
Goals and Objectives Checklist If you're having trouble deciding what your goals and objectives are, here are some questions to ask yourself: It doesn't necessarily take a lot of money to make a lot of money, but it does take some.
Now is a good time to free-associate a little bit--to let your mind roam, exploring every avenue that you'd like your business to go down.
Try writing a personal essay on your business goals.
They are literally growing faster than they can afford.
Start by asking yourself what kinds of financing you're likely to need--and what you'd be willing to accept.
For most of us, unfortunately, our desires about where we would like to go aren't as important as our businesses' ability to take us there.
Put another way, if you choose the wrong business, you're going nowhere.