Roofers Coffee Shop - Where The Industry Meets!
Coffee Conversations
English
English
Español
Français

A Business Plan is Your Key to Success

Martin Stout Business Plan
January 13, 2020 at 2:00 a.m.

RCS Influencer Marty Stout says that there are three key components to a successful business plan.  

A business plan, a road map, a cookie recipe all includes the same basic format. 1 - an intended goal, 2 - details of how to accomplish the intended goal and 3 - measurable components to review the detailed instructions for success.

If you have a goal but no details and no measurable units, it is very hard to bake cookies that you have never baked before. Business is the same and a Business Plan is key to your success.

Knowing your plan, where you're going to take the company, how big, what customers, where your markets will be, and what services will you provide all are part of your recipe for success.

For example, as you move along your business will grow. You must review your plan to make sure that the growth fits your plan. Can you grow your business and still have it be what you wanted it to be when you started?  Does it fit the plan? If not, you have to ask, “am I willing to adjust the plan?” It might be a much better end result but by reviewing the plan you are reviewing what you originally set out to do. Will you still have time for your kids or fishing? Will it require you to travel? Will it require you to get a loan for the bank that will require you to allow a note to be held on your house? Are you willing to take that risk? Will it require you to hire staff? The questions could go on for pages. But if you don't review them and you don't review your Business Plan you could someday wake up and wonder "how in the world did I wind up in this place."

It can change, remember it is YOUR plan.

Martin Stout is president of Go Roof Tune Up, Inc.  See his full bio here. 



Comments

January 14, 2020
I have worked 15 years in the metal roofing industry and want to startup my factory. I have detail business plan trying to raise funds, debt or equity investors to implement my project.

Leave a Reply

Commenting is only accessible to RCS users.

Have an account? Login to leave a comment!


Sign In
Duro-Last - Banner Ad - DLX Anything Less Just Doesn
English
English
Español
Français

Sign Up for Our E-News!

Join over 18,000 other roofers who get the Week in Roofing for a recap of this week's best industry posts!

Sign Up
Equipter - Sidebar Ad - Rent Me Campaign Ad
RCS_Trends_Report_Sidebar_Ad_250x265
IKO - Sidebar Ad - ARMOURZONE
Polyglass - Sidebar Ad - Polar
SRS - Sidebar Ad - Las Vegas Bowl Promotion
mrca_2021_expo_sidebar_250x247

English
English
Español
Français

Sign Up for Our E-News!

Join over 18,000 other roofers who get the Week in Roofing for a recap of this week's best industry posts!

Sign Up
All Points Tile - Sidebar Ad - HYTILE
Polyglass - Sidebar Ad - Polar
General Coatings - Sidebar Ad - Get Your Info Now
Leap - Sidebar - Palm of your Hand
SOPREMA - Sidebar Ad - RLW On Demand- How to Make Vegetated Roofing Easy
Western Colloid - Sidebar Ad - 3 Things Your Manufacturers Should be Doing For You eBook