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Have You Updated Your Business Plan Recently?

October 13, 2010 by Frank Goley, Business Consultant

A lot has changed in this prolonged recession. Has your Business Plan been updated? Or has your business plan been collecting dust on the shelf somewhere? We are all guilty of this. We shy away from the critical planning that needs to be done on a consistent basis to be successful, no matter what the markets and economy throw at us. Here are reasons why you need to update your business plan today… 

Things Change Constantly in Business 

Your customers, markets, niches, industry trends, etc all are in a flux of change. A successful business stays in touch with change and adapts to best serve markets and customers. Often businesses who fail in this area, have failed to plan. Preparing a business plan is just the first step. Your Marketing Plan and Strategic Plan need to be assessed on a monthly and quarterly basis to determine if your plans meet the expectation and changes occurring in the marketplace. Are your Financial Projections still accurate and the underlying assumptions realistic and correct? The business plan just gets you halfway to first base, it is the implementation, tracking, measurement, assessment and adjustment of the plan as your company moves forward that is most important.

Have You Even Implemented Your Business Plan?  

A business plan is just a document. While the Business Planning Process can be very beneficial for a company, it is the implementation of the business plan that really counts. You will never receive the great benefits of a business plan if you don’t implement it. So dust off your business plan, update it for the current economic and market conditions, then set out a clear cut, step by step plan on how you will implement the plan. Then it is just a matter of tracking the results and making adjustments as you go. 

Update Your Business Plan on a Monthly and Quarterly Basis 

Have a 2-3 hour session every month and a half day session once per quarter to review your plan and the results gained thus far. Make changes and updates to your plan on a team basis so the entire company is involved in the strategic direction and success of the company. A plan should be a living, breathing document. It needs to be intertwined into the fabric of a company to be successful. It is a dynamic tool which needs consistent commitment and diligence. The time put in updating a plan will pay off well in profits later. A little time spent on updating your business plan will have significant ROI in the future. Understanding where your company is going and exactly how you are getting there are two of the most important strategic elements of a successful company.  

For help on your business plan, please consider our FREE Business Plan Review service…


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Posted in Business Planning. Comment

Are You Using RSS Feeds in Your Business?

October 7, 2010 by Frank Goley, Business Consultant

RSS Feed stands for Really Simple Syndication. Simply put, it is a web feed format used to publish frequently updated work, such as blog entries, news headlines, audio, and video. RSS feeds are a powerful weapon in a company’s arsenal to keep in contact with current customers, find new prospects, effectively use for SEO efforts, and a host of different applications. As a Business Consultant, I strongly recommend you start developing and using RSS Feed Strategies aggressively in your company’s Business Plan and Marketing Plan. Here are some methods to apply using RSS Feeds in your business to profit from this nifty technology.

Keep In Touch With Your Customers

The cheapest acquisition cost is repeat business, verses selling new customers. To sell more products and services to your existing customers, you need to be in front of them. A Newsletter is one good method of staying in contact with existing customers, but the RSS Feed in my opinion, is superior. I use RSS Feeds in two main areas with our existing customers that works really well…

v  To Subscribe to Our Business Success Blog: Every time I make a new post, the RSS Feed sends that post to our customers computers. 

v  To Send Out Company Updates: Things like specials, discounts, announcements, achievements- everything our customers would be interested in hearing about us.  

Find New Customers

I send out the RSS Feed for our website and blog to RSS Directories, Search Engines, Blog Directories, and RSS Feed Sites. This in turn shows up throughout many hundred directories through out the internet and in the search results. When web visitors search the internet, they find our listings and posts which are continuously updated by our RSS Feeds. Pretty nifty! This is an extremely powerful way to keep Fresh content in front of targeted prospects.

Awesome Search Engine Optimization (SEO) Application

One chief ranking factor in the Search Engines is fresh, relevant content. We use our RSS Feeds to tell the search engines on a daily basis where we have fresh content for relevant searches. I can get a top 10 search engine result very often on the same day the content is fed out. Search on Google has turned to Real Time Search and has converged with Social Media results. We use our RSS Feed with not just search engines but through out our Social Media networks to quickly get new content immediately indexed and well ranked. RSS Feeds play into Google’s real time search results extremely well.

Put RSS Feeds to work for your business today!

For help in effectively using RSS Feeds, you may want to consider our SEO Package.


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Posted in Business Internet Strategies. 2 Comments