The cornerstone for success in any type of business is having a plan.
That goes for Christians who want to start a successful home-based business too. Adhering to the tried and true principle of "planning your work and working your plan" was mentioned by Jesus in The Gospel of Luke 14:28.
"Suppose one of you wants to build a tower. What is the first thing you will do? Won't you sit down and figure out how much it will cost and if you have enough money to pay for it?"
How To Make A Christian Business Plan?
A Christian business plan makes room in the budget, operations and planning of the business for Christian values. Through prayer and supplication Christian business owners seek the Holy Spirit to guide them in establishing a steadfast mindset, one that trust in God and not easily shaken by what's happening with the Dow Jones, Wall Street or their own vain imagination.
Business Plans-Planning to Succeed
Writing a business plan allows you to apply forward thinking to the opportunities and problems that will confront your Christian business. It should be clear about your companies objectives and establish obtainable milestones and outline methods to track your ongoing progress towards your business goals.
It also enables you to apply disciplined responses to situations and limit having to make too many decisions, off the cuff, when you're prone to creating oops moments.
The Best Format For A Business Plan
There isn't a required format for putting together a business plan for a Christian home-based business, but make sure yours includes these key features:
- Table of Contents
- Executive Summary
- Company Description
- Market and Competitive Analysis
- Products and Services Offered
- Plans for Promotions and Sales
- Financial Projections
The financial and performance guidelines that you put into your business plan will keep you from being distracted from your primary purpose and make sure you are involved in a profitable situation.
Using Business Plan Software
If you have never written a business plan or organized a small scale event before, reviewing the features of the various business plan software on the market can be helpful to you.
Without going into detail about any one plan, let me just say that, software will help give your plan that polished look, but the results are mostly generic documents that may and may not suit the needs of your particular industry.
Outsourcing Business Plans
There are plenty of consultants from accountants to small business advisers that will assist you in drafting a pan for your business. Sometimes the business owner can't fully understand the finished product.
If they are too busy during the writing process they may not even get a chance to make any input into developing the plan. Worst of all you may not be able to understand or explain the plan.
Will Your Bright Idea Make A Good Business
The overall task of an effective business plan is to show whether your good idea will make a smart choice as a Christian business. You can have a fabulous business plan and your home-based Christian business may still crash and burn without having factual and accurate information to generate the projections that are essential to running a successful business.
If you want your business to thrive you'll constantly review, update and manage according to the guidelines and in your business plans.