Economic times are really starting to pull people down, don’t you think? What with the news that big companies like AIG and Lehmann declaring bankruptcy, people are starting to feel really apprehensive about what the future holds. If big companies like them are going under, what about the average person?

More so, our salaries are not really going up even as the prices of most everything continue to shoot up. Have you gone to the grocery store lately? Isn’t it that your money buys less than it used to do? Perhaps it is time to find an additional source of income?

If you are thinking about this – and if you are like many people, you probably are – then there is one thing that you should do before anything else. That is, you have to PLAN YOUR PLAN.

Any business, in order to succeed, has to undergo extensive planning. One has to have a clear plan as to how to achieve his goals. But even before you work on your planning, you have to sit down and think about how you will structure your plan. Entrepreneur magazine shares:

Believe it or not, part of planning your plan is planning what you’ll do with it. No, we haven’t gone crazy–at least not yet. A business plan can be used for several things, from monitoring your company’s progress toward goals to enticing key employees to join your firm. Deciding how you intend to use yours is an important part of preparing to write it.

Indeed, starting up your business is not to be taken lightly. You have to make sure that you have all your bases are covered in order to ensure success as much as possible.

In the next few weeks, let us look more into how to start up your own business.

Originally posted on September 18, 2008 @ 10:23 am

Business, Economy

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