A capacity building workshop, is being executed by SBDCBelize Beltraide with approved funds from Compete Caribbean, is taking place in the Placencia Village in collaboration with the Placencia Village Council, from Feb 3 – 7, 2014.
In light of upcoming investment developments to the south of Belize, these workshops were geared towards targeting new and existing entrepreneurs in order to enhance their business skills, professional services and standards.
Participants, who comprised of entrepreneurs and businesspeople from Placencia and the surrounding area, spent one week learning various business centered topics. These topics included:
- Basic Business Plan Development;
- Costing and Pricing;
- Record Keeping;
- Developing Customer Service;
- Logistics; and
- Marketing and Sales.
SBDCBelize Beltraide wishes to congratulate all the participants on their exceptional participation during the training workshop.
Below you will find a business plan template or business plan format, describing the main components of a traditional business plan. It’s basic design has been around for many many years, maybe even hundreds, I’m not sure, but it goes way back.
A business plan is important both for you and for others who want to know about your business. It describes your business, it’s goals, and financial projections. In short, it serves as your business’s resume.
Every business, of course, needs a direction and a strategy. That’s what a good business plan will give you. Remember this: a well-written business plan must provide your business with a blueprint for success. Your business plan will also go a long way to help you keep your thinking organized and in perspective.
Your plan does not have to be long and complicated, especially at the beginning. For smaller businesses, keep it as simple and succinct as you can, yet informative. Use it as a living document, try to keep it flexible, modifying it often as needed.
I actually know some small businesses without one and still doing pretty good. However, most business people would agree that every business needs a business plan in order to reach its full potential.
Now you can either purchase business plan software, which might end up saving you some time, or you can save money by creating your own business plan using the standard format.
Tips on Developing a Business Vision
By: Eyes Wide Open
Concentrated focus is needed to achieve excellent results. In business, having focus means establishing clear goals or visions for the business and then introducing a basic, clear strategy for achieving that goal. It’s a simple principle yet not always easy to achieve.
As business owners we have some natural tendencies that conspire to ensure focus is elusive. Business owners have creative minds. Necessity is the mother of all invention and as business owners we are aware that ingenuity is critical to success. The challenge arises when our creativity starts to distract us from our long-term path to success. What seems a good idea at the outset can take us on a journey that results in a lot of effort being expended for little gain.
Our comfort zones further compound the problem. This means we tend to work on those ideas that feel the most comfortable. Even if, deep down, we know they are not the most effective way to achieve business success. So how can you tell the high impact ideas from the distractions? Continue reading “Tips on Developing a Business Vision”