Putting Your Business Plan Into Action

David Lee 2013-04-27

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http://www.howtostartownbusiness.co.uk/putting-your-business-plan-in-action/ This is a time when you had all your ideas, you've done your research, the theories there well embedded, you know what to do. But you got a change from the mindset to the action set of the entrepreneur to start out. And yet, people have fear about going out into the unknown. It's only natural.

I’ve got some good news for you. Fear gets replaced by knowledge. Knowledge replaces the fear that you have. And when you get the experience it becomes second nature. But everybody go through this when you start out. You feel like that little fellow, the fellow in red with all these people looking at you because you're standing out, you’re doing something different. Could be friends, could be family looking at you, judging you, but you really have to persevere anyway and move forward because you know it's in your best interest.

So putting a plan into action, let’s look at the three-part I’ll be discussing: Think Strategically, Structure Your Business, Become a Leader. Let's look at these in more detail.

Think Strategically.

What do I mean by this? It’s really you’re the captain of your own ship. Think of it as the captain of your own destiny. You are choosing to break away from what everybody else is doing when they're employed as an employee where everything is taken care of, they get paid at the end of the month. Now you are the one that is going to determine what you get paid, how much you’re worth, and everything that revolves around this comes back to you. You are the decision maker. You are the pioneer of your own business.

So thinking strategically comes to thinking about how can I serve others. How can others benefit from me going into business. I know we would like to think about the profits, the money. Yes, this is the greed factor think when we think about ourselves.

As an entrepreneur, running a small business when starting out, please if you can, park aside the finances. I know you will have costs and expenses. That's why we try to keep those to a minimum. But you need to develop partners, people who are associates, whether they’re legal, financial, wholesale, retail sector, it doesn't matter! You need people to help market your business if that's not your strength. You need to be able to have people around you that can help you. Now if they going to help you they have to derive benefit as well. It has to be financially beneficial for them.

So if you're generating business for them that helps their livelihood, do you think that by return that they will do the same back to you? It is called the “Law of Reciprocity” where people feel obliged to do unto others as you do unto them. Sound like biblical times doesn’t it? Well it still holds true today!

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