πŸ‘‰ BUSINESS PLANβœ…

The process of putting together a business plan, including the thought you put in before beginning to write it, forces you to take an objective, critical, unemotional look at your business project in its entirety. The business plan is an operating tool, which, if properly used, will help you manage the business and work effectively towards its success.

The importance of planning cannot be over emphasized. By taking an objective look at your business, you can identify areas of weakness and strength, pinpoint needs you might otherwise overlook, spot opportunities early, and begin planning how to best achieve your business goals.
The business plan also helps you see problems before they grow large and helps you identify their source, thus suggesting ways to solve them. A well-prepared business plan will even help avoid some problems altogether.

The business plan also provides information needed by others to evaluate your venture, especially if you will need to seek outside financing. A thorough business plan can quickly become a complete financing proposal that will meet the requirements of most lenders.

Since many business plans are submitted to banks or other sources of financing, it is important to realize how a banker analyzes a business plan and what questions will be asked during this analysis. A banker’s job is to assess the degree of risk for each proposed loan and to be satisfied that the loan can be repaid by the borrower while still allowing the business to operate profitably.

This analysis is based on factors such as: the nature of the business, the purpose of the loan, the amount of the loan, the ability to repay the loan and the character and management skills of the business owner.

Bankers, lawyers and certified public accountants are professionals in their fields and should be included in the planning at whatever point their knowledge and expertise can be helpful. You must do the work. A professionally prepared business plan won’t do you any good if you don’t thoroughly understand it. That level of understanding only comes from being involved from the very start. The best way to enhance your chances of success is to plan and follow through on your planning. It is also important to note that there are numerous software packages on the market that will assist you in preparing your business plan. However, you should not rely on the software and simply β€œfilling in the blanks” – you must understand the document and avoid preparing a document that has a β€œcookie cutter” look to it.

It is important to emphasize that businesses with several years of successful operation will find it far easier to obtain financing than start-ups, as lenders will be much more receptive and confident in your ability to repay a loan at that point. In fact, without a strong business plan that has realistic expectations and forecasts, demonstrates managerial experience, and provides collateral, it may be impossible for a new business to get extending financing for a new venture as they represent a high risk of default.

This doesn’t mean you can’t get a loan as a start-up, but rather that you will have to compensate for the lack of a track record by being strong and well prepared in other areas. Demonstrate by your enthusiasm and the thoroughness of your business plan that you are committed to the venture and that it will succeed. Keep in mind that when applying for a loan; you’re selling both yourself and your business.

The business owner should remember that he/she bears the financial responsibility for all decision-making and that the success or failure may be the result of these decisions.

Remember that as you develop your business plan, you may have to modify or revise your initial questions.

🐼 Other interesting posts;-πŸ™‰

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πŸ“Œ How to be charismatic

Relax Your Way To The Top If you are looking to be charismatic, then the first and foremost thing that you have to do is to actually learn to relax. Some people try too hard to be charismatic, but only end up making a fool of themselves. This is not something that you would want to do. So, in order to work on your charisma, learn from the mistakes of others and relax. When you master the art of relaxing in a social setting, you automatically exude charisma. It's a known fact that people love to be around people who are calm and composed. Learn to channelize peace and tranquility to everyone you know and meet. This will help you seem extremely calm and a lot more attractive. With a personality of this sort, apart from wanting to be with you, people may even aspire to be like you. Confidence Concerns While being confident can be easily mistaken for being charismatic, there is a very distinct difference between being confident and being charismatic. Charisma is that quality that makes you seem like you have an extremely attractive personality, and confidence is that quality that adds to your charisma. Appearing confident can make you seem extremely charismatic, because your confidence apart from acting like a magnet will also help put the others around you at ease and create in them a desire to be around you. Here, however, you will have to take a lot of care to stay away from going overboard, because while confidence is one thing, overconfidence is a different thing altogether and it's that one quality that no one can really be fond of. Dish Out Attention In order to seem charismatic, it is important to listen and pay attention. When you manage to do this your charisma quotient automatically reaches new heights. You can pull off attention tactics by simply listening to what people have to tell you and talk as less as possible. However, when you actually do talk, make sure you talk sense and make sure the words that are coming out of your mouth are the kind of words that the other person would want to listen to. Make it a point to smile while you are talking. This will help add quite a lot of appeal to your personality. Be Considerate You are truly a considerate person when you treat others around you just the way you would want to be treated. You wouldn't want to be discriminated against under any grounds, so then there is no reason why you should treat one person differently from the other. Exercise this behavior pattern in your day-to-day life and watch how people are attracted to you like bees are to honey…..continuing....

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πŸ“Œ Having a best friend

A story tells that two friends were walking through the desert. During some point of the journey they had an argument, and one friend slapped the other one in the face…..continuing....

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πŸ“Œ Ways of get money for your business

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πŸ“Œ STORY: King and young boys

An aging King realized that if he died he has no one to take over the throne. He decided to adopt a son…..continuing....

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πŸ“Œ Who is the Catholic Church

Before 1517, every Christian was Catholic. As such, today we know that:
If you are Lutheran then your Church was founded by Fr Martin Luther in Germany in 1517.
If you are Menonite, your Church was founded by Grebel, Mantz and Blaurock, in 1525…..continuing....

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πŸ“Œ Advice for knowledge

Advice just for knowledge…..
1. Have a firm handshake.
2. Look people in the eye.
3. Sing in the shower.
4. Own a great stereo system.
5. If in a fight, hit first and hit hard.
6. Keep secrets.
7. Never give up on anybody. Miracles happen
everyday.
8. Always accept an outstretched hand.
9. Be brave. Even if you're not, pretend to be. No
one can tell the difference.
10. Whistle.
11. Avoid sarcastic remarks.
12. Choose your life's mate carefully. From this
one decision will come 90 per cent of all your
happiness or misery.
13. Make it a habit to do nice things for people
who will never find out.
14. Lend only those books you never care to see
again.
15. Never deprive someone of hope; it might be
all that they have.
16. When playing games with children, let them
win.
17. Give people a second chance, but not a third.
18. Be romantic.
19. Become the most positive and enthusiastic
person you know.
20. Loosen up. Relax. Except for rare life-and-
death matters, nothing is as important as it first
seems.
21. Don't allow the phone to interrupt important
moments. It's there for our convenience, not the
caller's.
22. Be a good loser.
23. Be a good winner.
24. Think twice before burdening a friend with a
secret.
25. When someone hugs you, let them be the first
to let go.
26. Be modest. A lot was accomplished before
you were born.
27. Keep it simple.
28. Beware of the person who has nothing to
lose.
29. Don't burn bridges. You'll be surprised how
many times you have to cross the same river.
30. Live your life so that your epitaph could read,
No Regrets
31. Be bold and courageous. When you look back
on life, you'll regret the things you didn't do
more than the ones you did.
32. Never waste an opportunity to tell someone
you love them.
33. Remember no one makes it alone. Have a
grateful heart and be quick to acknowledge those
who helped you.
34. Take charge of your attitude. Don't let
someone else choose it for you.
35. Visit friends and relatives when they are in
hospital; you need only stay a few minutes.
36. Begin each day with some of your favourite
music.
37. Once in a while, take the scenic route.
38. Send a lot of Valentine cards. Sign them,
'Someone who thinks you're terrific.'
39. Answer the phone with enthusiasm and energy in your voice.
40. Keep a note pad and pencil on your bed-side
table. Million-dollar ideas sometimes strike at 3
a.m.
41. Show respect for everyone who works for a
living, regardless of how trivial their job.
42. Send your loved ones flowers. Think of a
reason later.
43. Make someone's day by paying the toll for
the person in the car behind you.
44. Become someone's hero.
45. Marry only for love.
46. Count your blessings.
47. Compliment the meal when you're a guest in
someone's home.
48. Wave at the children on a school bus.
49. Remember that 80 per cent of the success in
any job is based on your ability to deal with
people.
50. Don't expect life to be fair…..continuing....

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πŸ“Œ STORY The price of kindness

A poor boy who was begging from door to door
to feed his hungry stomach, decided he would
ask for a meal at next house. However, at the
next house he lost his nerve when a lovely young
girl opened the door. So instead of a meal, he
asked for a glass of water.
The girl thought, he looked hungry. So, she
brought him a large glass of milk. He drank it
slowly, & asked thereafter : 'how much do I owe
you for this ? You don't owe me anything, she
replied. Mother has taught us never to accept
pay for kindness. He said, then I thank you from
the bottom of my heart.
Years later, that girl (now a woman) became
critically ill, and the local doctors tried their
possible best to save her life but they couldn't
cure her. They finally sent her to the big city
where specialists studied her rare illness. Dr.
Kelly was called in for the consultation, when he
heard the name of the town where she came
from, a strange light filled his eyes.
Immediately, he rose & went down the hall of
the hospital to her room. He recognised her at
once. He went back to the consultation room
determined to do his best to save her life.
From that day, he gave special attention to
that case. After a long struggle, the battle
was won and the woman was cured. Dr. Kelly
requested the business office to pass her final
bill to him for approval. He looked at it, then
wrote something on the bill and It was sent to
her room.
The woman feared opening it cos she was sure it
might take the rest of her life savings to pay
for it . Finally she looked at it and noticed
something was written at the edge of the note,
'Paid In Full With a Glass of Milk'. Tears filled
her eyes as she immediately remembered.
Every form of kindness you show is never in
vain, it reproduces itself. Well, not necessarily
before your eyes, but it always does. I've been
kind to you by sharing this story. And U be kind
to share it with others.
Its good to be good. Always be nice: It will
come back to you.*….continuing....

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πŸ“Œ See how this man reacts!

A man went for HIV test on Saturday and they told him tocome back on Monday to pic his results.On sunday he went to church and the pastor was praying and said "… may the things that you'll receive as from tomorrow be positive …"The man quickly opened his eyes and shouted "Acha ujinga weweeee!!"….continuing....

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πŸ“Œ STORY would you stop to listen?

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πŸ“Œ This is the sad story

πŸƒπŸŒΉπŸƒπŸŒΉπŸƒπŸŒΉπŸƒπŸŒΉπŸƒπŸŒΉ….continuing....

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πŸ“Œ Where to look for business opportunities

(1) They can develop/evolve as a result of your personal background including your previous jobs, hobbies and personal experiences, or
(2) From opportunities in the external environment or general market place….continuing....

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πŸ“Œ Short love story

SHORT LOVE STORY 1.I stood at the bus stop near the National bank with my earphones on.The Egerton welfare bus had taken long beforearriving.I kept on glancing side from side and watched people walk in diffrent direction with least interest.Just then, a cute lady came talking over the phone towards me.The smile she put on her face was heartmelting.She was fairly tall with long silky black hair thattouched almost the middle of her back, her eyes were shiny and attractive.I stared in her direction as she leisurely paced towards me.As she approached where i was standing, i quickly turned to my phone and started pressing it aimlessly in pretence.She walked passed me without throwing aglance!Just then, the bus screeched into the parking lot hooking loudily to alert those students whowere unware.As i climbed the second step in the bus, a thought came to me,"i will not be able to see this woman again, what the hell! This is a God given chance"I climbed down from the bus and paced in the direction of where she was walking.I stretched my neck over the crowded street and saw her black hair sway from side to side as she leisurely walked.I followed her at a safe distance admiring her figure from behind.I wasnt worried getting to school late. No.Just then, she pulled herself to a bookstall and started glancing at the books as she read the cover.I moved there,and pretended i wanted to buy a book. As she did, i went through the books picking a book after the other, read the cover and droppd it back to the stall.She accidentally touched a pile of books at the edge of the stall and in one fall,the books wentdown like an avalanche.I bent down assisted her to rearange the books back as our eyes met for the first time.She made me to blush alittle!She then left and walked along the street briskly glancing at her phone at some point.I followed her for i didnt know why i couldnt ask her name.She glanced at the back and noticed i was tracing her.I looked left,right, here there pretending i wasnt intrestd in her.She kept on glancing at the back maybe to catch me offgaurd,and that made me uncormfortable and at some point i bent downto tie my shoe laces,or i could turn and start walking in the opposite direction.I saw her cross the street and entered the building directly opposite Easy coach booking office.I couldnt cross immediately because of the damn traffic!I made myself past the slow moving cars and dashed into the bulding.As i made my way in, i saw her enter the Lift as the door closed swiftly, indicating 6th floor.I took the stairs climbing like a racing moving star.As i arrived on the 6th floor puffing and huffing,she dashed out from a certain office and my eyes met with hers!I stood still, my heart beat increased, i was dumbfounded.She smiled as she entered the lift. I quickly thought to myself and crept inside the lift too.I mastered my courage to talk to her.We kept on sneaking quick glancing at each other making sure we dont catch each other offgaurd.I wished the lift to get stuck so we can spend alot time with her.She then pressed GF button and the lift flew down.Upto this time i had not talked to her for i hadtensed to strike a chat.Neither had she.As the lift touched the ground floor,her phonerang but she didnt recieved.She paced towards the other side of the streetpeherps to catch a Mathree to her hood.As she crossed, an over speeding car raced towards her.I shouted pointing towards the car and ran to her.She had seen it and paced to the other side of the road!I saw the car directly towards me.People started to shout and screamed.The car hooted continously.I tried to pace,bt it was too late, the silver coloured roaring subaru was about to hit me when my 6AM morning prayer alarm went a burst!What a nightmare!Enjoy yo week guys. Love u…..continuing....

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πŸ“Œ Clear explanation of Planning

Planning means looking ahead and checking out future course of action to be followed. It is a preparatory step. Planning is a detailed programme regarding future course of action. It determines on when, how and who is going to perform a specific task….continuing....

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πŸ“Œ The story of crime girl πŸ‘§

A lady committed a crime and she was sent to court. The punishment for the crime was life imprisonment. She shed tears for help but to no avail…..continuing....

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πŸ“Œ Tips to keep yourself healthier

Drinking hot lemon water can prevent cancer. Don't add sugar. Hot lemon water is more beneficial than cold lemon water…..continuing....

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πŸ“Œ Ways of how not to argue

Enhance your listening skills. It will make you less defensive and allow you to analyze the statement of other person deeply. You should listen to the other person with patience and give a logical approach to the same. Let the other person complete what he/she wants to say. Once he/she is done, give your feedback. This would allow both of you to lay forward your view point. However, make sure that whatever is said is logical and pertains to the present situation.n Never think that you are always right. If people have been correcting you time and again, know that there is some problem which lies inside you. Accept that you have a problem of arguing on small issues and work on it to exclude the same from your behavior. Accepting your weakness will strengthen your relationship. Also, ask them to help you come out of the problem. Inculcate understanding in yourself. Instead of thinking about your own issues, try to understand the other person's views, feelings, state of mind, etc. This will help you to talk calmly and make the relationship a strong one. After understanding the other person, your approach will not be illogical or defensive. The feedback will be based on the feelings of both the people and not only yours. Introspect yourself and increase your self control power. Also, be aware of the place and people around before heading towards an argument. A couple must never involve in the argument in front of their children. It may have a bad impact on them. Respect each other to share great relationship. Similarly, indulging in a heated argument in a public place such as a mall or cinema hall would make people think of you as uncivilized. Be positive in your thinking. It will exclude negativity from inside and you will have a healthy approach towards any issue. If you have positive nature, you will never get involved in any kind of argument. Do not make excuses and be truthful. Improve yourself rather than giving explanation all the time…..continuing....

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πŸ“Œ Ways. To increase concentration

Pick a valid subject of concentration. If there is no passion or plausible motivation, then your task of concentrating is going to be one hell of a challenge! Remember how you used to do the laundry or mow the lawn so half heartedly and the outcome was a disaster? Analogously, you cannot ace your mathematics test if you resent it and hence if you fail to concentrate, you will also fail the test! The Five More Rule is a technique that has certainly helped many individuals who invariably fall short of concentration. You set a target to finish a fixed amount of work or studying. However, ten minutes later, you are already tempted to step out for a smoke or check the football game score. Block all lures and enticements to immerse your heart and mind into achieving your goals. Solve five more math problems or dedicate five more minutes to a chapter of history, or else face guilt when you indulge in play. To your delight, five minutes is all it takes to engross you to such an extent that you forfeit your break! Stretch your attention span and build mental endurance! If you are convinced you have the world's lowest attention span, here's an interesting exercise. Walk into a movie theater and catch up on a random gripping action or drama film. Thirty minutes into the movie, shift your gaze from the screen and look around. What do you see? Probably a hundred riveted faces. If you stare long enough, you will notice how rarely they blink. Only a false alarm of a fire breakout could distract them! Observe the audiences and learn the art of concentration as they stay still scene after scene. To encourage your strong desire to maintain concentration, eliminate stumbling blocks such as multi-tasking, blaring radios or TV sets and flashing multi-colored lights…..continuing....

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πŸ“Œ Where will this corruption end?

School Group Photo : Headmaster to Photographer ksh.20 is too much. There are 2000 students, Charge Only ksh.10 its sufficient!!….continuing....

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πŸ“° Recent PostsπŸ‘‡

A Life facts which I have discovered

When I woke up I was pondering about life, I discovered that:….continuing....

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A MARKETING STRATEGIES FOR YOUR BUSINESS

Marketing is a complex subject but one of the most important contributing factors to the success of your business. Without customers there are no sales and therefore no profits…..continuing....

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A 75 Biblical reasons why you should not drink alcohol

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A Forms of Business Structure

There are several legal forms to choose from when selecting the best means of structuring your business. Carefully considering the various options before start may save time and money later. There are several forms of business structures including:….continuing....

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A A lesson from ATM 🏧 machine

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A Take lots of "BEER" during lent

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A STORY Be that kind of woman

Sometime ago, a man went with his wife in their car to a fuel station, while they were buying the fuel, the man discovered that it was the wife's ex boyfriend that is attending to them, He then smiled and turned to his wife and said, "you would have ended up marrying that petrol attendant", but the wife smiled and said, "if I had married him, He will be the one sitting by the steering of the car"….continuing....

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A Understanding Agribusiness and Entrepreneurship study question

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A Remember this things in your life

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A Tips to keep yourself healthier

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A Facts of Life

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A Look what happened to this man

A married man died before he could have sex with his wife. The wife then cut off his penis and mounted it to the wall. Each night she went to the wall and satisfied herself. One day the neighbour Sipho found out what was happening. He then made a hole in the wall, removed the dead man’s penis and put his own penis and waited for the lady. The lady came with a knife and said β€œdarling, we are moving to a new house. πŸ˜‚ πŸ˜‚ πŸ˜‚ πŸ˜‚ πŸ˜‚ πŸ˜‚….continuing....

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A What is a Business Plan?

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A Entrepreneurial Characteristics

It is clear that the definitions of the 'entrepreneur' are not similar. However, there are certain qualities and/or functions which explicitly or implicitly, feature in most of them. Each definition contains similar notions, such as newness/value, organizing, creating wealth, and risk taking, despite viewing the entrepreneur from a slightly different perspective. Failing to agree on a single definition, entrepreneurship specialists have resorted to drawing up lists of qualities and/or functions which typify the entrepreneur. Invariably, these lists include a combination of characteristics: People with entrepreneurial qualities and skills tend to enjoy the challenges, the hard work and the success of self-employment…..continuing....

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A Business Market Research

β€’ How will people behave regarding a particular topic, habit, activity, decision or business?
β€’ Will my idea work? Can I sell my product or service to make money
β€’ What marketing tools will be most effective?
β€’ How much product or service can I sell?
β€’ Is there a need for more new products or services?….continuing....

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A Heart touching story

<HEART TOUCHING STORY>
.
A boy and a girl Loved each other very much.
Unfortunately the Girl Died..
The Boy was So Upset and he couldn’t Stop his
Tears.
.
He kept on Crying Day and Night.. Many People
gave him Sympathy,
but no Argument could Stop His Tears.
.
One Night He Slept and had a Dream;
.
He saw the Girl in Heaven with so many Girls of
Her age.
He felt Relaxed.. But He Noticed that every Girl
was in Fairy Dress;
and had a Lightened Candle in their Hands, but
his GF had a Candle which was not.Lightened..!
.
He asked Her:
β€œWhy is Your Candle not Lightened?” She Replied:
β€œWhenever I lighten My Candle;
Your Tears fall on it..!
Please Stop Crying…
.
PRAYER !! !! !!
.
TODAY I PROPHECIES THAT YOU WILL NEVER
LOOSE ANYONE YOU LOVE ON EARTH
PREMATURELY.
…..continuing....

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A Which kind of witchcraft should I use?

People smoke and drink for a few days and get addicted to it…..continuing....

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