Friday, January 22, 2021
The Path Of Wisdom Blog By Anthony Badmus | Official Site
  • Start Here
    • Kickstart the New year 2020
    • How to stick to New Year resolutions
    • Boost your personal growth
    • Learn The Art of Gratitude
    • Date More successfully
    • Communicate Better with someone you love
    • How to Quit A Job You Hate
  • Affirmations
    • 9 Simple Steps for Making Positive Affirmations Work for You in 2020
    • 101 Helpful Positive Affirmations That Will Change Your Life in 2020
  • Quotes
    49 Most Brilliant Coco Chanel Quotes

    49 Most Brilliant Coco Chanel Quotes

    43 Success Quotes by Dr. John Taskinsoy That Will Motivate You To Succeed.

    43 Success Quotes by Dr. John Taskinsoy That Will Motivate You To Succeed.

    76 Epic Rose Goodman Quotes that will transform your relationship forever

    76 Epic Rose Goodman Quotes that will transform your relationship forever.

    117 Words of wisdom, Motivational Inspirational Quotes For Life

    117 Words of Wisdom, Motivational Inspirational Quotes For Life

    101 POWERFUL FEAR QUOTES

    101 Powerful Fear Quotes To Help You Conquer Your Fears

    93 Pieces of Profound Ancient Wisdom from Japan

    93 Pieces of Profound Ancient Wisdom from Japan That Will Inspire You

    • Fear Quotes
    • Ancient Japanese Quotes
    • Rose Goodman Quotes For Relationships
    • Motivational Inspirational Quotes For Life
  • Categories
    • Learning & Books Lists
    • Life & Growth Hacking
    • Philosophy & Spirituality
    • Productivity & Peak Performance
    • Personal Development
    • Self-help & Self-improvement
    • Everyday Life
    • Parenting Tips
    • Relationship, Love & Dating
    • Career & Entrepreneurship Motivation
  • Mission
  • Shop
  • Write For Us
  • Contact
  • Newsletter
No Result
View All Result
  • Start Here
    • Kickstart the New year 2020
    • How to stick to New Year resolutions
    • Boost your personal growth
    • Learn The Art of Gratitude
    • Date More successfully
    • Communicate Better with someone you love
    • How to Quit A Job You Hate
  • Affirmations
    • 9 Simple Steps for Making Positive Affirmations Work for You in 2020
    • 101 Helpful Positive Affirmations That Will Change Your Life in 2020
  • Quotes
    49 Most Brilliant Coco Chanel Quotes

    49 Most Brilliant Coco Chanel Quotes

    43 Success Quotes by Dr. John Taskinsoy That Will Motivate You To Succeed.

    43 Success Quotes by Dr. John Taskinsoy That Will Motivate You To Succeed.

    76 Epic Rose Goodman Quotes that will transform your relationship forever

    76 Epic Rose Goodman Quotes that will transform your relationship forever.

    117 Words of wisdom, Motivational Inspirational Quotes For Life

    117 Words of Wisdom, Motivational Inspirational Quotes For Life

    101 POWERFUL FEAR QUOTES

    101 Powerful Fear Quotes To Help You Conquer Your Fears

    93 Pieces of Profound Ancient Wisdom from Japan

    93 Pieces of Profound Ancient Wisdom from Japan That Will Inspire You

    • Fear Quotes
    • Ancient Japanese Quotes
    • Rose Goodman Quotes For Relationships
    • Motivational Inspirational Quotes For Life
  • Categories
    • Learning & Books Lists
    • Life & Growth Hacking
    • Philosophy & Spirituality
    • Productivity & Peak Performance
    • Personal Development
    • Self-help & Self-improvement
    • Everyday Life
    • Parenting Tips
    • Relationship, Love & Dating
    • Career & Entrepreneurship Motivation
  • Mission
  • Shop
  • Write For Us
  • Contact
  • Newsletter
No Result
View All Result
The Path Of Wisdom Blog By Anthony Badmus | Official Site
Home Career & Entrepreneurship Motivation

5 useful tips on how to avoid your Business plans ending up in the Trash can

by Anthony Badmus
December 26, 2019
in Career & Entrepreneurship Motivation
6 min read
897 68
0
rekindling romance after having a baby
483
SHARES
1.1k
VIEWS
Share on FacebookShare on TwitterPin This Article

If you are reading this article, you probably did this yourself multiple times. You had these amazing ideas that sounded so promising at the time. You became hopeful and really believed that everything was about to change. Maybe you even started to do some research to see what you needed to do to make these business plans become a reality.

Time passed by, however, and things were not moving forward. You realized that starting something like this was extremely difficult. You also had bills to pay and couldn’t entirely focus on this new project. More time has passed, and this idea that once seemed perfect is now full of flaws in your mind.

Maybe you even moved on to the next perfect idea, that will eventually become just like the ones that you already discarded. Then, in the end, you decide that it is time to move on officially. Your perfect ideas are now in the trash can, and will never become a reality.

useful tips on how to avoid your Business plan

Tired of this happening to you and want to learn how to avoid throwing your ideas in the trash can? Here’s how you can do it in 5 simple steps.

1. Research the market

A market can be extraordinarily saturated or offer perfect gaps that you can fill with your project. To know what is the case of the market that you want to get in, you must do proper research. Know your main competition, how they work, what they do as far as marketing strategies go.

Learn what works for them and what doesn’t. Gather as much information as possible to prepare yourself. You don’t need to make mistakes to learn. There are a lot of other businesses that already made these mistakes for you. Being so, you can just gather as much knowledge as you can and apply this to your business plans.

This way, you will enter the game much more prepared and ready to go. This might also save you a lot of money and time, which are vital parts of starting a business. The research will also be able to guide you to a specific niche that might be ideal for you. Something where you can do something different and new. This will give you a head start against your competition and an excellent chance to survive.


2. Start Small, but Start

Many entrepreneurs spend a lot of time waiting for the perfect opportunity to start. Months pass by, and they realize this won’t happen. You don’t need to have everything complete and ready to go to start, you can begin with what you have. Big companies didn’t start with something huge, at least the majority of them.

They started small, just like you. Then, they built their business with time and hustle. Being so, you can follow this exact formula not to let your business plan end up in the trash can. Gather everything that you can, do your research, then start to get help. Once you have the basics to start, do it.

“Going into business without a business plan is like going on a mountain trek without a map or GPS support – you’ll eventually get lost and starve!” 

Kevin J. Donaldson

3. Create a plan to get help

Networking is an essential part of starting a business. You might want to be able to have everything yourself to start, but this can quite difficult, depending on your situation. Being so, getting investors and other CEOs helping you might be what makes your business become something possible or not.

Create a business plan that translates into money and real change, something that people will need in their lives. Start your networking by using people that are linked or could benefit from your business plan, but of course, are not direct competitors. Make a list of the names that you think could be the right choice.

Gather their information and reach out to them one by one in order of priority. Start with your local targets; they will be most likely to help you when you are just starting.

Read Also: 7 reasons why having a mentor is important for your business


4. Set milestones with dates

Unless you have an action plan, your business plan will just be this, a business plan. Make it a reality. A great way of doing this is by creating milestones that you want to accomplish with your business. More importantly, set dates and deadlines for these milestones. This will help you stay on track and make everything more real.

Your business will never become something real unless you actually start to act like it is. As long as you consider your idea just an idea and something that might happen or not, the odds won’t be in your favor. To take this out of the paper, you need to be a bit more aggressive and start to focus on making it become a reality.

To do that, no better way than to simply create deadlines for yourself.


5. Focus on what matters

We have an article about focusing on what is actually vital to your business, and you can read by clicking here. However, basically, what you need to do is to focus on the tasks that are actually crucial and important. This needs to be a priority, even though you might feel tempted to do smaller tasks.

Don’t confuse, however, focusing on what matters and doing more significant tasks to only starting your business when you have a perfect scenario. For example, start your business small, to prevent significant losses and to avoid skipping steps. While you are doing it, wake up every day to focus on the tasks that will give your business a real chance of survival. Or at least, a good chance of not ending up in the trash can.


This video explains 10 business mistakes you should avoid when writing your business plan.

Key Take Away

Most of the business plans end up in the trash can. Due to a range of factors, people give up on what initially seemed like a great idea. This might have happened to you as well. However, the key to stopping this from happening is to research and most importantly, to actually put things into action.

A smaller action is better than no action at all. And as long as you treat your business plan just like an idea, it will never become something real. If you want your business plans to translate into an actual business, act like it is already the case.


Wrapping Up!

What part of this article resonated most with you and why? What challenges are you facing writing and executing your business plan? Share your ideas, tips, thoughts and experience below in the comments.

Let me know what you think by sharing your thoughts in the comments below, or if you have any questions or feedback, please ask away. I’m always reading the comments.

I took approximately 9.5 hours to produce this content for you, and I hope you found some value in it. Also, if this article was helpful to you, by all means, please share this post with your friends and family. If it has helped you, it will do for others too. Share the positivity and greatness!

Share204Tweet116Pin42
Previous Post

Be the President - Top 3 tips for learning how to take responsibility for your life and becoming your own boss

Next Post

How to become more productive in 5 simple steps

Anthony Badmus

Anthony Badmus

Anthony is a Personal development and Self-improvement enthusiast. He has been a huge fan of unconventional wisdom and takes often complicated and difficult-to-understand topics and distills them down to their core essence - so you can use them to live a happier, more peaceful, and more balanced life. He's passionate about growth hacking, personality development, great health, happiness, overall well-being and living life on your own terms, and aims to inspire that in you too.

Related Posts

Are you living a Zombie Lifestyle?
Personal Development

Are you living a Zombie Lifestyle? 4 Best tips on how to optimize your one and only life

I don’t understand living a robotic routine. And I definitely do not want this lifestyle for myself. And although we...

by Anthony Badmus
January 15, 2020
Why small businesses fail
Career & Entrepreneurship Motivation

14 reasons small businesses fail and how to avoid them

There are many factors that can make small businesses fail, and it’s hard to avoid every single one if you...

by Anthony Badmus
January 10, 2020
Entrepreneur mindset
Career & Entrepreneurship Motivation

Have you got an Entrepreneur Mindset? 3 things to consider whether you Might Want to Drop Out of College

Why staying in college might not be the best idea if you have an entrepreneurial mindset and how to make...

by Anthony Badmus
January 6, 2020
How to embrace the negatives in our lives
Career & Entrepreneurship Motivation

Embracing the negatives – What they can teach us and how to overcome them

Living life surrounded by positive energy is a lot of people’s goals. You are considered more mature and wise when...

by Anthony Badmus
January 6, 2020
Unique habits successful entrepreneurs have in common
Career & Entrepreneurship Motivation

8 Unique habits successful entrepreneurs have in common

Unless you have lived under a rock for the past few years, you might have heard about entrepreneurship. The possibility...

by Anthony Badmus
January 7, 2020
Entrepreneurial life – Top 12 reasons why people never quit their jobs
Career & Entrepreneurship Motivation

Entrepreneurial life – Top 12 reasons why people never quit their jobs

Quitting a job to start a new entrepreneurial life is about pushing and challenging yourself. For the majority of people,...

by Anthony Badmus
December 30, 2019
stories of successful entrepreneurs
Career & Entrepreneurship Motivation

5 stories of successful entrepreneurs who learned from their mistakes and what you can learn from them

In our modern overdemanding world, failure is often undervalued. By facing defeat, we can grow stronger and learn from our...

by Anthony Badmus
December 30, 2019
How to Spot The Perfect Business Opportunity
Career & Entrepreneurship Motivation

5 Cool Tips on How to Spot The Perfect Business Opportunity

The power of spotting the perfect business opportunity for your goals and learning how to analyze if it is the...

by Anthony Badmus
December 31, 2019
How to overcome fear
Career & Entrepreneurship Motivation

6 Tips on how to overcome fear when starting your own business

Starting your own business is not an easy feat to achieve: There are countless factors to consider and juggling them...

by Anthony Badmus
December 30, 2019
Load More
Next Post

How to become more productive in 5 simple steps

Hustle like a drop-out | The 3 top secret to running a successful business

Leave a Reply Cancel reply

Get daily news updates to your inbox!

Subscribe to receive inspiration ranging from practical case studies, motivational & inspirational quotes, and step-by-step guides that you can apply to your life to make immediate positive change!

The Path Of Wisdom Blog By Anthony Badmus | Official Site

The information provided on this website is intended for informational and educational purposes only, and may not be applicable in your country, region, or city It is subject to change and may be updated without notice.

Blog Categories

  • Career & Entrepreneurship Motivation (32)
  • Everyday Life (8)
  • Life Tips & Growth Hacking (25)
  • Mindful Living (1)
  • Personal Development (27)
  • Positive Affirmation (2)
  • Productivity & Peak Performance (3)
  • Quotes and Inspiration (6)
  • Relationship, Love & Dating (12)
  • Self-help & Self-improvement (16)

Recently Published

8 Reasons to Follow Your Own Path

8 compelling reasons why it’s so important to follow your own path in life

January 28, 2020
Are you living a Zombie Lifestyle?

Are you living a Zombie Lifestyle? 4 Best tips on how to optimize your one and only life

January 15, 2020
Why small businesses fail

14 reasons small businesses fail and how to avoid them

January 10, 2020
  • About
  • Privacy Policy
  • Terms and Conditions
  • Disclosure
  • DMCA Notice
  • Write For Us
  • Contact
  • Newsletter Subscription

© 2020 The Path of Wisdom Blog

No Result
View All Result
  • Start Here
    • Kickstart the New year 2020
    • How to stick to New Year resolutions
    • Boost your personal growth
    • Learn The Art of Gratitude
    • Date More successfully
    • Communicate Better with someone you love
    • How to Quit A Job You Hate
  • Affirmations
    • 9 Simple Steps for Making Positive Affirmations Work for You in 2020
    • 101 Helpful Positive Affirmations That Will Change Your Life in 2020
  • Quotes
    • Fear Quotes
    • Ancient Japanese Quotes
    • Rose Goodman Quotes For Relationships
    • Motivational Inspirational Quotes For Life
  • Categories
    • Learning & Books Lists
    • Life & Growth Hacking
    • Philosophy & Spirituality
    • Productivity & Peak Performance
    • Personal Development
    • Self-help & Self-improvement
    • Everyday Life
    • Parenting Tips
    • Relationship, Love & Dating
    • Career & Entrepreneurship Motivation
  • Mission
  • Shop
  • Write For Us
  • Contact
  • Newsletter

© 2020 The Path of Wisdom Blog

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In