One way to jumpstart your business is to rethink how you make money. That is, look at where the money is coming in and where money is going out and try to maximize the first and minimize the latter. Whether you've been in business for yourself for six months or six years, an inventory like this can be incredibly useful. Forbes' Matt Zwilling makes it simple with "10 Ingredients of a Great Business Plan."
"If you think you only need a business plan to go fishing for capital, you are sorely mistaken. A business plan--thoughtfully assembled and diligently updated--is the very blueprint for any company. It sets direction, facilitates communication and establishes performance metrics. Better yet, well-articulated business plans force business owners to constantly weigh the strengths and weaknesses of their operations."
Check out his ten tips and see if your model needs tweaking or is ready to grow.
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