December is National Write a Business Plan Month
“A goal without a plan is just a wish.”
– Antoine de Saint-Exupery
Amidst the joy and chaos of the holiday season, it is beneficial for entrepreneurs, budding and experienced, to take time to draft their business plans and strategies for the year ahead. As 2023 rapidly approaches, it is critical to analyze and reflect on end-of-year business recaps, and to prepare for what the best practices will be when looking forward to the upcoming year.
There is no better time than now to create a business guideline for 2023, as December is National Write a Business Plan Month after all. A timely article entitled, “The Roadmap To Success: Starting A Business Begins With A Plan” chronicles key components to keep in mind when charting a plan of action for your enterprise. Liz Elting writes for Forbes,
“You need to challenge your assumptions when putting a business plan together and actually think through the nuts and bolts of what it’s going to take to run this business profitably. It’s not a mission statement or a vision statement. It’s a plan, and an important opportunity to evaluate your own ideas. What revenue streams can you expect? What expenses? What processes go into producing the product or service? Can those processes be paid for with the revenue stream, either immediately or down the line? Is there a market for this, and if so, what is it? Who else is operating in that space, and how can you do it better?”
After setting aside the time to dream up, write, and execute a business plan for the new year, entrepreneurs everywhere are welcome to attend our first wegginar® of our 2023 series. On January 4th at 11:00 am, wegg® is presenting Laurel Delaney’s Global Trade Trends Report 2023. Incorporating global trade predictions and estimations into business decisions is an asset for entrepreneurs planning for the future. Understanding the dynamics of the global economy is crucial for global women entrepreneurs. You can register for the free virtual event here.