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The United States Chambers of Commerce, April 10, 2023, mentioned that we have 33.2 million small businesses in America, and Entrepreneurship is booming.

Understand How to Start, Grow, Maintain and Expand your Business

When freelancers, entrepreneurs, startups, and established small businesses start projects or businesses be it a Non-Profit or For-Profit it is usually based on a concern or desire. This mind-set brings passion, excitement and high expectations to your mind that motivate you to take action to make that idea or vision come true. Sometimes you may take action to move a business idea forward before conducting the proper research to ensure that viable steps in this process are not overlooked, such as preparing a Business Plan and a Business Budget Proposal.

A Business Plan provides a mission statement, products and/ or services, market research and analysis, objectives or goals, marketing plan and sales strategies, financial projections and other vital components, it is a business tool that act as a guide for the operation of your company's profitability, solvency, and sustainability.  It is used for internal guidance, and to secure funding for your business operation. Operating a business without a written business plan of action offers unclear business direction for sustainability.  A business that is being operated by a notion for a chance of an opportunity, and on spur of the moment ideas without research and workable strategies, usually this kind of action bring about continuous uncertainty without having a viable way out leading to on- going short-term and long-term struggles even doing a good economy.

A Business Budget Proposal is another valuable tool to be used as a guide to develop, implement and maintain a new creation for a project, business or to re-organize an established business. This proposal gives all the key details needed to operate your business for profitability, solvency and sustainability. It gives a deep dive into all the components needed to operate your business on a day-to-day basis in the areas of required employees, salaries, wages, payroll taxes, benefits, work schedules, supplies, utility expenses, leases or loans, equipment, the return on your investment and other detailed vital information that is required to operate your company. This plan enables you to get a detail overview of your vision or idea before you implement the endeavor, it gives you a preview of your dream before it comes alive. Research, analysis and planning are important steps to take before stepping out on a dream to be successful.

Management Consulting for decades has been known as a viable source for the business industry offering services such as identifying solutions to problems to maximize business performance, improve business processes and increase revenue, conduct research and analysis for company ideas, and opportunities as well as problem solve.  These processes can help you start, grow, maintain and expand your business by helping you to obtain profitability, solvency, and sustainability through a plan of action. A Business Plan, and a Business Budget Proposal are plans among these processes that gives you an opportunity to evaluate an idea before you take action.

We should always strive to reach profitability, solvency, and sustainability, envisioning economic mobility.  Seek, awareness to understand how to claim business success.  We work in a competitive business market, let's take time to prepare for one to claim success.