Too many people don’t bother to write a business plan because they think it’s too hard or unnecessary unless you’re looking for funding, that’s a shame. These myths keep a lot of people from the benefits of planning.
If you’re still skeptical, here are 10 benefits to business planning you shouldn’t be overlooking:
You’ve got a killer new product or a service that will have the world beating a path to your door. But is it really something people want? Or is it just something you think they want?
Having solid information about what your customers want to buy — rather than what you want to sell them — can save you hundreds of thousands of dollars, as well as peace of mind and sanity.
“Most people in Belize recognize the need for more entrepreneurship in the country…..especially since unemployment and poverty have reached such high levels.
Many have chastised the education system….claiming that it focuses more on preparing student to find jobs….instead of becoming self-employed….and creating jobs for others.
In my mind….entrepreneurship has two components (1) the ability to identify a potential benefit from taking a potential risk, and to calculate whether the gain is bigger than the risk (2) the ability to convert thoughts into actions….to do things with a degree of self-confidence and self-esteem, to the satisfaction of self and others.
The Government of Belize has received counterpart funding from the European Union via the Belize Rural Development Program II (BRDP II) to finance a project entitled “Making Tourism Benefit Communities Adjacent to Archaeological Sites:” Co-financing for the project is being provided by the Government of Belize through the Ministry of Tourism and Culture represented by the Belize Tourism Board and the National Institute of Culture and History. The project is being implemented by the Belize Tourism Board and the National Institute of Culture and History through a Project Execution Unit housed at the Belize Tourism Board offices. The objectives of the project are:
- · To improve economic opportunities in rural communities and contribute to the reduction of poverty;
- · To enhance the tourism experience through improvements in tourism infrastructure and services at selected sites.
The project intends to achieve three main sets of results:
- · Results One: Improve the monitoring systems at archaeological sites;
- · Results Two: Improve health and safety provisions and infrastructure at archaeological sites;
- · Results Three: Enhance the diversification of community based tourism products and services offered at archaeological sites in Belize. Continue reading “Expression of Interest Diversification of Community Based Tourism Products and Services Under the “Making Tourism Benefit Communities Adjacent to Archaeological Sites” Project”
Many business people achieve their greatest successes in unexpected areas. They begin a business and then they find that it isn’t as profitable as they had anticipated, so they change direction, using their experience and their momentum, and strike pay dirt in something else.
The most important thing is to begin. To take action. To move forward one step at a time, learning and growing as you go. There is enough information available in virtually every field for you to become knowledgeable enough to achieve success, but action is necessary.
1. Begin With A Dream: Fortunately, even if you know nothing about business, you can begin with a dream, a castle in the air, and then build a foundation under it and achieve great success. Continue reading “5 STEPS TO SMALL BUSINESS SUCCESS!!”
- identifying a product or service that people want
- doing what you love to do
- doing something useful, or for which there’s a clear need
- creating something new
- improving people’s quality of life or work.
The wonderful thing about small business is that enterprise-ready ideas are all around you. Consider these activities as business opportunities:
- mowing lawns
- washing cars
- walking dogs or washing pets
- looking after younger children
- umpiring sports matches
- teaching people to swim
- organising discos, dances or school excursions
- finding information on the Internet
- designing and producing greeting cards
- printing brochures for local churches or associations
- baking biscuits
- translating for people who don’t speak much English
- reading for blind or elderly people
- lending books, toys or bikes.
People are prepared to pay you for these things for all sorts of reasons:
- They don’t have the know-how.
- They physically can’t do it by themselves and need assistance.
- They don’t know where to find the information they need.
- They don’t have the necessary equipment, such as the sound system or the computer.
- They want to use something, but don’t want to commit to buying it.
- They’re very busy.
- The job has to be done and there is nobody else to do it.