- by Dave Foster
Copyright © Dave Foster – All Rights Reserved
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OK, so you have been working your business for a while but yet you seem
to continue having issues with your business planning. Have you
considered that you might have holes in your business plan?
What are holes? Glad you asked. Holes are those things that may cause
you to lose money, allowing potential business clients to slip through
your fingers.
Some examples of holes are as follows:
Income funnel not present: an income funnel allows you to build your
mailing list while also allowing you to upsell your products to your
mailing list.
Missing outsourcing opportunities: outsourcing opportunities allow you
to hire others to handle tasks that would be more financially
reasonable for someone else to complete.
Not holding teleseminars: when you hold a teleseminar, you can also
record it so that you can sell the audio or transcript as a product via
your website.
No financial plan: in order to understand where you business is going
financially; a plan must be in place. The plan will help you by showing
when you should make changes in your business too reflect growth.
Lack of a crisis management plan: having a crisis management plan in
place will help you be ready to handle tragedy when it happens.
Examples of tragedies are computer failure, fire destroying office
equipment, or flood damage to office.
The above list is just a short list of holes that you might find in
your business. Regardless of what type of holes that you find in your
business, you need to take action to fix them.
One final area that would be considered a hole is not have a business
mentor. A business mentor is someone who provides sound advice and
direction to you as you manage your business. Some of the
characteristics of a good business mentor are:
~ Ability to give you constructive feedback
~ Successful in own business
~ Experienced at mentoring business owners
~ Able to be real and truthful to you
~ You are open to receiving their feedback
~ You respect their opinion
These are just a few of things that you should consider when looking
for a business mentor. Just keep in mind that a good business mentor
will fit well into your business plan. If the mentor does not fit, you
need to give more thought to whether you want to keep them or get a new
one.
So be an undercover agent and work to find the holes that may be
holding back your business.
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Dave Foster owns and operates the “Solo Profits” blog and podcast,
guiding individual entrepreneurs and home-based business owners to
online success using audio, video and multimedia techniques. Dave
also explores the virgin territory of multimedia psychology and how
to present your message effectively through these new communications
channels.
Want to discover more? Go To ==>> http://www.soloprofits.com
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