The 3 Phases of a Business

Why should a customer choose your brand when they have practically unlimited choices at his disposal? They need to know what’s so great about you, but you probably won’t have that answer right from Day 1 of launching your business. Decide how you can best tweak your business so that it becomes superior. The operative word is superior. It is hard, though not impossible, to be the best if you are venturing out on your own. Sometimes the most superior businesses are the ones that provide the ultimate, enhanced experience to the customers. Here are the 3 phases of a business, and you’ll see how your business will transform and evolve over time.

1. The Start Up Phase. Hopefully for you this is a short phase, but for many, this can be a long, cumbersome process. And it’s not about how nice you are, or what great ideas you have – it’s nothing personal. Some businesses by nature have more kinks in the logistical process. But if you’re passionate about what you do, you’ll have the patience and know-how to iron all these kinks out. It’s worth the trouble!

2. The Middle Phase. Kind of like puberty, only your voice doesn’t change. You’ve reached the point of no return. You can’t go backward, and going forward means venturing out into the unknown. You’ll start asking a lot of questions, becoming quite philosophical about the meaning of life and how your business figures in. Am I going to be successful? Is this what I’m supposed to be doing with my life? Do I have what it takes? Who should I recruit to be part of my circle? What if I fail? If you’re asking these questions, then you’re on the right track. They will help you prepare for the next phase, and get prepared for the next battle. Validate your ideas as you progress. You take what you can and you improve on your business as you move along.

3. The End Phase. And I don’t mean “end” as in “it’s over”. I mean that sense of accomplishment you feel when you’ve challenged yourself to the limits and done something worthwhile. Now when you get there, you may be at the stage in your life where you decide to sell your business, making some sweet cash for all your hard work. Or maybe you’d be happiest passing along the family business to a deserving successor. Let someone else take the wheel! But even if your business folds, it’s only the end of that business, not the journey. Every failure moves you one step closer to success. You have to crawl before you can walk. Learn what you can from the experience and strive to do better next time.

Figure out what the best tools are to launch your business, make the necessary tweaks you need to be superior, and enjoy the fruits of your labor!

Is Business Plan Software Easy to Use?

Whether you are organizing your new business or expanding a venture that you’ve already launched, you must begin by creating a well written business plan. Any potential investor will want to see one before he considers giving you any type of a loan. If you do not have the talent and the know-how to write your own business plan from scratch, and you don’t want to pay someone else to do it for you, then you may want to consider using business plan software.

This type of software is exactly what you would think it would be; it helps you to set down in logical fashion the vision you have for your business. The great thing about business plan writing software is that it typically comes with a number of different templates that you can use in order to help craft your own plan. No matter what type of business you have, quality business plan software will have a template for you to follow.

Once you have selected a template, it is simply a matter of following a sort of ‘fill-in-the-blank’ method, and before you know it your plan begins to take shape. Best of all, most business software programs will come with helpful hints and tips that let you know exactly what should be put in a certain spot so you are never left guessing. If you still get lost you will generally be able to call an 800 number to reach a live person in technical support who can help you through your jam.

Don’t Forget the Financing

Even after the main part of the plan is complete, you still have to master the financial section of the plan. Again, business plan software comes to the rescue. Quality software will contain many template-style financial forms so that you only have to know the hard numbers for your company and then plug them all into the appropriate places.

Once again, you will have plenty of hints, tips, and live support if you need it. This part of the business plan is of the utmost importance; many investors skip right to this section because they feel the numbers of your business will tell them all the story they need to know.

It Just Makes Sense

Obtaining quality software just makes sense. Unless you are in the business of writing business plans, then just like anyone else you will need a little help when it comes time to write the perfect plan.

A well written plan can mean the difference between getting the necessary funding you need in order to see your business dreams become a reality or your company failing before it ever starts. If you are serious about your business’s success then you know you have to have a knock-out plan for your business. Once you have admitted to that fact and you take a moment to think about it, then it will become abundantly clear that you will certainly want to consider business plan software to help make your vision come together crystal clear.

Why Automate My Business?

Time leverage

How much is your time worth? For many business owners today, time is of the essence. There are only so many hours in a day and as a business owner, your time should be spent doing what you do best – making money for your business. Your time can best be leveraged by having employees and systems in place that take care of the day to day, non-income-generating activities. It doesn’t make sense as a business owner to spend your whole day responding to emails that don’t generate income and that can be delegated.

Systems

Ray Kroc understood this concept of leverage and the importance of systems right from the start. Ray Kroc is the man who is considered the father of the global fast food empire, McDonalds. Kroc didn’t order, make, manage and sell millions of hamburgers by the sweat of his own brow. He created a series of systems that would act as the operations guide for McDonalds all around the world. The burgers cook at a precise temperature for an exact amount of time, the french fries, all around the world, come from the same potato farm in the United States. It is because of all these easy-to-follow, simple, and automatic systems that a global multi-billion dollar a year company is effectively run by teenagers.

In the age of internet businesses, automation scripts are the internet’s version of a teenager who is there to follow directions and run your business, automatically. When someone shows interest or orders a product from your website, automation scripts initiate the follow-up sequence keeping the prospect or customer engaged. The more a customer is engaged with your products, service or ideas, the more likely they will make a purchase and come back as a repeat customer.

Four factors determine how many people an organization employs:

1. How many people are required to do the work.
2. How much work the systems can remove from the people.
3. How many people are needed to support the people using the systems
4. How many people are needed to support the systems

Online businesses have a wide range of work to be done in order to keep the business moving forward. This doesn’t mean however, that many employees are necessary. When the proper automation processes are in place, less employees are needed. There will always be a place in business for employee interaction and an online business no different. If a prospect or customer has specific questions unique to them, there should be enough people to support the systems in place.

Benefits of automation:

  • Alleviate your admin work
  • Increase accuracy and processing of orders
  • Ensure Customer Satisfaction
  • Reduce Workforce Training Time
  • Become a More Flexible Business