7 Super Useful Tips to Writing an Effective Business Plan by F.A.S.T. Global Marketing

    CHICAGO, IL, July 18, 2016 /24-7PressRelease/ -- Creating a business plan is crucial, insists outsourced sales and marketing firm F.A.S.T. Global Marketing. This does not only apply for startups, but also businesses that want to grow, increase their profits or expand into new markets. "If you open up your business based on assumptions and fail to plan, you certainly plan to fail," explains Tofiq Bolwala, CEO of F.A.S.T. Global Marketing. An effective business plan provides an overview about costs and expenses - such as labor, fixed overheads or marketing promotions - and helps business owners identify how many customers they must serve per hour in order to break even or make profit.

About F.A.S.T Global Marketing: http://www.fastglobalmarketing.com/about-us/

F.A.S.T. Global Marketing says that writing a business plan can help entrepreneurs identify where changes need to be made in the early stages, before it is too late. For example, considering a more limited offering, which could reduce labor and production costs. New entrepreneurs often struggle to write a business plan, therefore, F.A.S.T. Global Marketing shares their top seven tips on how they write an effective business plan:

1. Cost
F.A.S.T. Global Marketing recommends entrepreneurs to write down the numbers: investment, equipment, labor, taxes, insurance, rent and so on.

2. Break it down
The next step is to break down those numbers in cost per unit, per hour, per day, per customer and so on.

3. Value
Following the cost breakdown, entrepreneurs must determine the average dollar-value of sale.


4. Break-even
F.A.S.T. Global Marketing says it is important to know the break-even point in order to avoid losses. This can be established by calculating the number of sales needed to cover all costs.

5. How to achieve it
Business owners must put a strategy in place in order to achieve the necessary sales volume to break even and start making profit.

6. Aim higher
Entrepreneurs should set a SMART sales goal and then determine the additional sales volume needed to achieve it, recommends F.A.S.T. Global Marketing.

7. Get the numbers right
Based on the sales target and updated figures, entrepreneurs should revise their operating and financial assumptions and recalculate their numbers on a regular basis to stay ahead of the planning process.

F.A.S.T. Global Marketing is an outsourced sales and marketing company, promoting and selling their clients' products and services. Since launching their business, the firm has gone from strength to strength. They attribute their success to the planning they put in place from the start, proving that this formula can set any business up for success if executed correctly.

Source:
http://www.fastcompany.com/3061315/use-this-formula-to-write-a-solid- ... es-or-less

F.A.S.T. Global Marketing offer a specialized direct marketing service guaranteed to deliver a high ROI. For more information Follow @fastglobalmktg on Twitter and Like them on Facebook.

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