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SOURCE: Wise Business Plans
According to the Small Business Administration, business owners -- new and established -- who plan carefully and get even a few hours of mentoring as they head into 2013 raise their chances for higher revenues and increased growth.
(PRWEB) January 08, 2013
Making a detailed plan for the new year is vital, and seeking help from a fellow entrepreneur or a professional can help provide an unbiased perspective or offer new ideas, said the SBA.
Asking for guidance from a friend or a pro consultant is one of the first steps a prospective or expanding business owner should take when sitting down to craft or modify a business plan, says the owner of a national consulting firm.
"Incorporating new ideas into a well-developed corporate strategy can help business owners start the year -- and their businesses -- off right," said Joseph Ferriolo, director of Wise Business Plans, a company that provides individualized, custom-designed business plans for startups and expanding businesses. "Even well-established businesses can often benefit from sitting down and reviewing the state of their company and its direction for the coming months."
The beginning of a new year is an especially good time to reevaluate the marketing and branding aspects of your company identity, said Ferriolo.
"Unlike many businesses, most consumers operate with a calendar-year mentality, rather than on a fiscal year schedule. This means that as the holidays end and people gear up for spring and the sense of renewal a new year brings, trends, color choices and even social networking habits can change."
Smart business owners keep track of these kinds of evolutions in the consumer population, get trusted advice on how to respond to them and then adjust accordingly.
"Use the fresh start that January brings to your advantage by reviewing your business planning and updating as needed," said Ferriolo. "And seek the advice and counseling of colleagues, business-savvy friends and professionals like the ones at Wise to make the most of this new year."
Wise Business Plans, staffed with professional MBA writers, researchers and financial experts, is a trusted partner for businesses across a broad spectrum of products and services. Our mission is to empower our clients to make the best possible business decisions, boost company performance and facilitate their funding success by laying the groundwork for strong businesses that excite, inspire and retain talented and exceptional employees.
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