Sadika Kebbi "Equipping Others"
IBGR.Network- Profit Radio and to the show Equipping Others Episode P4.09.3– How to prepare a business plan and why it is important to create one?
Greetings from Beirut, Lebanon! And now here are my greetings in Arabic Marhaba, 2ahlan wa sahlan sharftouna—translation: hello, you are most welcome to my show, it’s an honor to have you with me today.
You are listening to IBGR Network, better known as International Business growth Radio Network—IBGR is our call sign for our radio station, but we are more than that- we are a family of entrepreneurs that came together to create a shared space of collaboration where you can join us to help you start your business, enhance your business, grow your business, or reinvent your business. Anything you need to become an exemplary entrepreneur you can find it on our website especially by joining our community of Commerce where you can connect and obtain an answer to all your questions.
Connection is the secret to all your inquiries, as it is also the solution for a better world. Before launching any business, or before starting a new venture, one should plan carefully, and today I am going to try and shed some light on the importance of planning your business. This might help you accomplish your objective and gain a greater understanding of the venture you are about to start.
I am Sadika Kebbi, your host, coming to you live from Beirut, Lebanon. I am a business consultant, a DISC consultant and trainer, a certified John Maxwell trainer, coach, and speaker. I am also an NLP practitioner and a meta coach. I created my NGO, or my non-profit organization in 2016, under the name of Being Human, or Kon Ensan in Arabic, with the aim of achieving social cohesion, peace building and women and youth empowerment. I am also a TEDx speaker and would like to invite you to listen to my talk entitled when your enemy becomes human. When I decided to create my organization, I had to plan carefully, and write a full business plan that would lead me to clarity in my mission, vision, objectives and eventual aspirations. I set out to carefully write and develop every phase of my plan.
What You Need to Know:
Perhaps the most important step in launching any new venture or expanding an existing one is the construction of a business plan. Such a plan must include your goals for the enterprise, both short and long term—a description of the products or services you will offer and the market opportunity ties you have anticipated for them; and finally an explanation of the resources and means you will employ to achieve your goals in the face of likely competition. Time after time, research studies reveal that the absence of a written business plan leads to a higher incidence of failure for new and small businesses as well as inhibiting growth and development.
Preparing a comprehensive business plan along these lines takes time and effort. Nevertheless such an effort is essential if you are to crystallize and to focus your ideas, and test your resolve about entering or expanding your business or pursuing a particular course of action. Once completed, your business plan will serve as a blueprint to follow which like any map, improves the users’ chances of reaching their destination.
Previous episode: Episode P4.09.3– How to attract winners?
Next Episode: Episode P4.011.3— Describe Your Business.
By Sadika Kebbi
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