A Closer Look at Business Leadership

Carlos Hank Rhon harbors decades of business experience

What is the Big Deal about a Business Plan?

Longtime Mexico-based business leader, Carlos Hank Rhon takes a closer look at why the business plan is so important and offers insight into creating a business plan of your very own. For more business planning information, click here.

Having a successful business is not as easy as counting one, two and three, explains Carlos Hank Rhon. A business plan is something you need to dedicate yourself to, setting aside some time to work on every day. Sounds difficult? Well, explains Hank Rhon, it may seem difficult but actually, it's quite simple and will help make your business a big success. First of all, explains Rhon, before you open the doors to your business and put the plan into action, you will need to examine and understand the various aspects of your business, the market, and how you plan on sustaining and growing your business. This is where the business plan enters. The business plan is a record or a statement that outlines the goals of the business, the explanations as to why these goals are within reach, as well as the plans to make these goals come true. It should also include your goals and options for future growth. These topics should be included in the plan you are about to develop, notes Carlos Hank Rhon.

Writing a business plan does not have to be difficult. There are lots of online business planning resources to assist you in drafting your business plan or you could always contact a professional for assistance. Spending some time online or talking to other business owners will be very helpful as you begin planning for your business. This process will allow you to familiarize yourself with the common aspects of the business plan and make the process of drafting your plan much easier, notes Rhon.

So, as your are preparing to invest in a business, complete your research and begin the process of drafting your plan. There is no need to fear the business plan any longe

Sections of the Business Plan

Carlos Hank Rhon has outlined the various sections of a typical business plan below to assist you in creating your own. For additional details on the steps to create a business plan, view the slideshow presentation that follows.

               The following topics should be included within the pages of your business plan.

  • Executive Summary
  • Business Description
  • Marketing
  • Research, Design, and Development
  • Manufacturing
  • Organization
  • Critical Risks
  • Financial
  • Milestone Schedule
  • Appendix

For additional details on the steps to create a business plan, view the slideshow presentation from Carlos Hank Rhon that follows below.

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