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Posted on April 1, 2006 by Deon Melchior | Posted under Small Business
Your Executive Action Plan
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Many people start their SOHO businesses thinking that its going to be a walk in the park. No matter what kind of business you are in or have started, you are in competition with others. Now that systems are global, you are not only competing with the business down the street but with businesses in other countries! But dont let this scare you because you are on the right track! You just need a little bit of planning before you come out of the blocks. You want an efficient start with the ability to build up speed and power to bypass your competition. Establishing an action plan for your SOHO will do that. The first part of the action plan should be entitled Executive Goals and Objectives. This part of the action plan covers the initial phase of getting your business registered, finding the systems that exist that will help your business, setting up financial modules (accounting) and deciding the legal structure that is best for your business according to getting tax write off advantages. A good example of a goal in the Executive part of the action plan would look something like this: Title: Develop Accounting System Objective: Find an accountant that will establish my bookkeeping system Goal: To have an accountant in place by July 18, 2007 Method: Find a list of accountants in the Yellow Pages Due Date: July 1, 2007 The following example is your basic form of an action that is put into a plan with four categories (Title, Objective, Goal, Method and Due Date). Usually, the Executive portion will cover items, such as, setting up bank accounts, getting the appropriate business licenses, getting tax identification numbers from local, state and federal governments (if applicable) and other executive related information and items. About The Author: Deon Melchior is the Editor and Publisher of Article Click. For more FREE articles for your ezine and websites visit - www.articleclick.com |
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