Every business starts with an idea. But before you can turn your idea into a reality, you need a plan. Business plans are road maps that can assist you with the early stages of starting your own company. You can also use it in the future as your business grows and changes. Join us on our new episode as we discuss importance of business plan and its process from the planning stage to implementation and much more
2:35 Mike Reilly emphasizes the importance of having a metric you use to gauge your progress every week and share his two analogies.
6:40 Mike talks about some questions to ask yourself about your business - Where are you losing money, where are you wasting time.
14:00 Mike Reilly talks about the dirty little secret behind business plans.
22:13 Mike Reilly discusses how the ability to measure how much money each job makes will help you identify profitable niches.
29:11 Mike Ferrante discusses saving as part of your business plan.