Small Business Planning Help
The practical need for small business planning help is driven by a changing economic and financial climate. Most small businesses have been faced with some variation of the following:
- Reduced sales
- Increased operating expenses
- Problems with bank financing and other small business loans
- Unexpected financial or other business problems
Any one of the above business problems is likely to be a serious blow to a small business owner who already has their hands full with operational and management duties. Imagine what happens when two, three or all of the above factors come into play at the same time. This undesirable small business scenario is a primary rationale for small business owners to explore the potential benefits versus the costs of small business planning before being faced with a possibility that should be avoided whenever feasible.
Avoiding Business Writing Mistakes
In any discussion of small business planning, it is generally helpful to start with an overview of the potential problems and mistakes that can be anticipated and avoided. The presentation below provides a practical starting point when specialized business writing is involved.
Contingency Business Planning for Small Businesses
Contingency business planning is a specialized form of business plan strategies. Instead of formulating a traditional business plan, contingency business planning focuses on what to do when and if something goes wrong. Because bank financing has become a very unpredictable factor for most small business owners, one of the most useful and effective forms of this financial strategy is contingency business finance planning. For example, even if a commercial borrower is not currently experiencing small business loan problems with their bank, a contingency working capital loan and/or commercial real estate financing plan would be formulated.
Small Business Career Training Video
Please review the video below for an overview of career training for small business consulting and business writing. Please contact Stephen Bush if you need to discuss business problems and questions with a small business expert.
Improving the Bottom Line
The "Bottom Line" for organizations of all sizes is typically a regular topic of discussion and action. Contingency planning is a key element in most successful efforts to improve the bottom line.