A five year plan for opening a small business or even a home based business is necessary for measuring growth. Time management and stress management is every bit as important to a business owner. Perhaps what should be discussed, however, is patience. Obtaining licensing, insurance coverage, payroll services, tax services and a myriad of other basic needs for a small business to open will take up quite some time. Buying stock or perfecting the service the small business owner or home based business owner will sell will take still more time. Once that is done, though, marketing the product or service and gaining a website and blog needs to be accomplished. All this takes time, so the small business owner or home based business owner will need patience to see it all through.
Getting Started
Buying your own stock until profits can be used to restock will be part of that five year plan. A website might not be a reality until profits can restock, pay for the business-related aspects like insurance and such. A small business loan might be handy for beginning a website, but repaying the loan might not be so handy until profits allow. Patience will be necessary until things fall into place.
The Middle
Now that profits are enough to pay for everything business-related, a website can now be a reality. The webmaster will have to pay for a domain name, space on the web and a dozen other things. He will cover legalities, insurance and copyrights. This takes time, so patience will be needed until the site goes live. Before it does, however, the small business owner or the home based business owner will need to dig deep to discover what he wants the website to ultimately accomplish. Shall it be strictly business, such as wholesale items, or shall there be franchise information, or perhaps affiliate information. A blog is necessary, of course, but the owner will need to design a site using many facets to accomplish what he wants.
The End
Now that the website is live, the business owner will need patience. There will be a couple hits each day, but no one is clicking through. After several months, there are more visitors to the site, with several clicking through. A small profit is being seen. The business owner will need patience while he writes smashing blogs and devises irresistible sales so the click-throughs increase. Finally, at long last, the profit is showing clearly and the business owner had the patience to wait until things unfolded naturally in their logical order.
It's not something people discuss much, but patience is needed in almost every facet of life, but most especially is it needed in business. When people rush a conclusion, things almost always go wrong and someone is out of business. Taking it slowly and surely, one day at a time, that five year plan will pay off, because the small business owner understood the need for patience and the natural flow of things.