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You are here: Home / Business Plans / Ask Victoria: Do I Need A Business Plan?

Ask Victoria: Do I Need A Business Plan?

February 10, 2010 By admin Leave a Comment

If you are thinking about or are in the midst of creating a new party plan or MLM company, you may be wondering if you need a business plan.

A business plan is like a road map to a specific destination. You’re more likely to get to your destination if you have a map (or GPS!) that tells you how to get there.  The tasks to be performed are like stops along the way.

When you include a financial plan, a business plan can help you to identify the types of expected expenses and how much it will cost to build and operate your company.

Business plans help you and others to see your vision more clearly.

They paint a picture of what your company may look like in years to come.

Plainly, a business plan is also a vehicle to help you to obtain investment capital, whether it’s from friends, family, or outside investors.

Business plans can help you to think about how your business will grow.  When you have a project plan in your business plan, you’ll see the next steps.

For many companies, the genesis of standards to operate the business originate in the business plan.

“Focus.”  I like this word to describe what a business plan can do for the entrepreneur.  Business plans help people to hone in on the details.  At the same time, like a roadmap, they paint a picture of the entire trip.

When writing a business plan, important questions are answered and decisions are made.  However, because business plans aren’t written in stone, they can be changed as needed.

Whether you have it all figured out or you don’t, writing a business plan is a good idea.  I say YES to business plans.

Would you like to know the best reasons people have told me they don’t need a business plan?

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Filed Under: Business Plans, Startups Tagged With: business plan, direct sales, MLM, need, Party Plan

About Jay Leisner

P15Jay Leisner, the President of Sylvina Consulting, is a top compensation plan and direct selling expert, a trusted adviser to new and established network marketing and party plan companies. For more than 30 years, Jay has enjoyed assessing and improving party plan and network marketing companies across the globe.

Direct Selling Startup GuideJay Leisner and Victoria Dohr authored the top-rated book for new and young network marketing and party plan companies, "Start Here: The Guide to Building and Growing Your Direct Selling Company".

Available in English and Spanish. This startup guide contains 250 pages of wisdom that will guide you through the right steps to start and continue on your journey to build a successful direct selling company.

You will save thousands of dollars and hundreds of hours of your time using the information you will read in our book.

Direct Selling Edge ConferenceSylvina Consulting and Thompson Burton sponsor the pure education "Direct Selling Edge Conference Webinar" for new and young direct selling companies. The wisest direct selling executives never stop being students. They seek out opportunities to learn more. They understand that the long-term success of their companies depends on how much they know, so they make efforts to keep learning.

Broadcast live and with recordings included for later viewing, this powerful webinar will give you buckets of wisdom and guidance to help you on your journey.

In 1986, Jay began his career in direct selling by working for a major direct selling software provider. First as a software developer and later as a project leader and a business analyst, Jay worked closely with new and established network marketing and party direct selling companies to provide them with software solutions to meet their unique requirements.

Jay contributed in many ways to the success of large implementation projects for many companies. Jay also worked with dozens of smaller companies to assist each of them in various capacities to provide them with the systems they needed to help their businesses to grow faster.

Along the way while working with them, he learned the secrets of successful direct selling companies and the challenges faced by them. In true entrepreneurial spirit, Jay’s decision in 1999 to start Sylvina Consulting as a direct selling consulting company was driven by what he saw was a need for answers, advice, and solutions.

In 2004, 2006, 2009, 2014, and 2018, Jay gave presentations on compensation plans, recognition, and field leadership development at conferences held by the US Direct Selling Association.

He traveled to South Africa in 2015, 2016, and 2017 to conduct workshops on compensation plan design and recognition programs for member companies of the South African Direct Selling Association.

In 2017, Jay spoke at the Canadian Direct Sellers Association Meeting on the importance of recognition.

More than just a compensation plan expert, Jay is exceptionally skilled at advising new and established companies on business strategies. Before offering advice or solutions, he asks important questions to understand each client’s specific concerns and goals.

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