Bella Vista Business Association Directory

Bella Vista Business Association Businesses large and small can bene t from dra ing business plans before beginning operations. A business plan is a description of a business' projected future, and this document will spell out exactly what a business owner plans to do and how he or she will put that plan in motion. Forbes says that entrepreneurs can bene t from business plans because the process of developing them will help business owners understand which type of business he or she would like to create and the type and amount of funding and other resources that will be needed to get the business functioning. Although business plans may be optional, one instance in which they are o en required is when entrepreneurs are seeking funding. at's because lenders o en require business plans to weigh the risks and bene ts of investing in a potential business. Entrepreneurs can use templates to dra business plans and then ll in speci c details. Here are some components to include in the plan. • Executive summary: is is a synopsis of the entire plan with all of the essentials brie y discussed. Include the reasons why the business will be successful. • Business description: In this section, entrepreneurs can provide a pro le of the company. Information can include location, size, planned operations, and the target market. • Industry analysis: Here business owners discuss the market in which the business will be competing, including how large the market is and whether or not there are any trends a ecting this type of endeavor. • Marketing, products and sales: In this portion of the plan, owners mention the products or services being o ered. Strategies for branding, marketing and how the product/services will be sold also are included. • Operations: e operations portion of the plan will detail the processes the business needs to address on a daily basis to be successful. • e team: In the business plan, entrepreneurs should also identify the personnel who will be helping to run the company, including why these people are quali ed for the job. What is a business plan? Despite the technological advancements available to help streamline tasks, many workers admit to being sidetracked during the workday and may need pointers to improve their e ciency on the job. Productivity at work can trickle over into habits that can be utilized at home and elsewhere. e following are several ways to improve productivity levels. In today's competitive job market, individuals need to channel all possible assets to get ahead. Working more e ciently and improving productivity can be an advantage to anyone. Despite the technological advancements available to help streamline tasks, many workers admit to being sidetracked during the workday and may need pointers to improve their e ciency on the job. Productivity at work can trickle over into habits that can be utilized at home and elsewhere. e following are several ways to improve productivity levels. · Determine how much time you spend on common tasks. Take a day to calculate how much time you're devoting to certain parts of your workday. For example, is email correspondence bogging you down for several hours? Once you have a clearer picture of how you are spending your time, you can develop an e ective plan to maximize your work hours. • Acknowledge that you can't run like a robot. e human body does not do well with prolonged multitasking. One of the strategies for being more productive is to work for an hour to an hour and a half, then take a break. • Change your hours. When possible, explore ex time with your employer. Getting to work before everyone, or coming in later and staying a er traditional hours can lead to greater productivity. ere will be fewer distractions and less rush-hour tra c, and you can reap a greater sense of accomplishment. Consider working a weekend day and taking o during the week. en you'll have the added bene t of getting personal tasks done while others are at work. • Work as a team. Have some trusted people on your team to whom you can assign important tasks. Find colleagues that excel in certain areas and tap their strengths. With various wheels in motion, jobs can get done more quickly. • Stop multitasking. Psychologists have determined that multitasking can bog down productivity. According to the American Psychological Association, the mind and brain were not designed for heavy-duty multitasking. Individuals think they're getting more done, but they may not be handling tasks e ectively. Instead, focus on one job at a time and only move on once it is completed. • Write things down. A to-do list oating around in your head can become overwhelming. e physical task of writing things down and crossing items o the list one-by-one can help you sail through tasks e ectively. If you're a mobile person, jot the list down on the notes function of a smartphone or use a task app that syncs with calendar functions. • Schedule fewer meetings if possible. Meetings can sometimes be a waste of time. Before reserving the conference room, see if a resolution can be made via group text, email or other correspondence. Top ways to increase productivity at work, beyond D 14 – 2018 Bella Vista Business Association Directory

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