That article is about Important Starting Considerations. Business planning comes with a lot of headaches. There is a lot of confusion in the initial stages and it is not uncommon for people to lose their nerve and commit a mistake. A new enterprise is like a child. It needs to be cared for and groomed for it to be able to stand up on its feet and give returns. Let’s be honest, there are enough existing mechanisms which can be deployed to avoid such complexities. The problem is that they never get implemented properly.
For such new entrepreneurs, who are still looking for a breakthrough, the mechanisms have been distributed into 3 different segments. Simply following these should be able to pave way for a better future in the professional world. Once they have been perfected, other more advanced options may be tried upon to give the business a smoother look and feel.
Knowledge about the Resources: Every enterprise requires some or the other resource to function. For example, if you are a manufacturer, you would require the raw materials, if you are into providing services, then tools subject to the field of work along with transport facilities have to be invested in. Knowing about these resources does not only include how they work in the most optimum manner but also where to find them. What is the use of buying something which is available somewhere else at half the price (with the same quality of course)?
Apart from that, the target clients, the manpower necessary, the infrastructure for the office make up the list of items which have to be organized and put to proper use. Good managers would know about these and if you are not one of them, it is best to hire someone to do the same for you.
Networking: Networking or making contacts is the best way to make you known in the prominent groups of people. This is one area which is skipped by a majority. Advertising through the word of mouth is the cheapest and the most effective way of increasing business known to man. Having the capability to create a good relationship along with public speaking skills are advantageous (they do learn it over the years if they don’t know so already).
Keep in touch with the acquaintances. A give and take professional relationship is mutually beneficial and acceptable by all. Different people have different requirements and dealing with them might require taking different steps and approaches.
Plan B should Exist: Whenever taking up a new prospect, be it in any field, a Plan B should be present. It is not necessary that the Plan A would always work. In such cases, the alternate is very beneficial. This ensures that in case of an event which would jeopardize the situation transforming it from good to bad, the project can be brought back on track.