If business plans are so important, why don’t modular home builders use them?
I’ve been asked that many times still don’t have a good answer. I do know that builders that write a business plan and follow it are 50% more successful and are less likely to go out of business within 3 years. Companies with a Business Plan have 63% higher revenue growth and 100% more profit than ones without a plan.
So, let me ask you; “Why haven’t you written a Business Plan yet?”
Without a Business Plan, here are some of the problem areas that won’t be addressed:
- Poor Management Systems
- No Overall Vision
- Lack of Market Planning
- Not Understanding the Competition
- No Strategic Plan
- No Established Performance Measures
- Inadequate Financial Planning
I can just see you now. You will look like a firefighter stepping on each of these areas and trying to put out one fire while another bursts into flames. Soon, you’ll look like a drunken clog dancer and finally you’ll just fall over and your business will fail.
Please, start preparing a business plan today. Even though housing is better this year, many builders will go out of business simply because they have no roadmap to success.
If you don’t have a clue where to start, just drop me a line and I’ll send you some info….FREE, of course.
