The 2 Figures Inside Your Business Plan That Determine The Price You Need To Charge
The Association of Professional Builders
Improving the residential construction industry for both builders and consumers.
In 2007 I attended an annual conference for a franchised building company.
One of the speakers at the conference was a master franchisor from New Zealand who had just sold his company for $15 million to a private equity group.
This successful entrepreneur talked about a lot of different aspects regarding what it takes to run a successful building company and in particular, a successful business.
One of the things that really stuck in my mind was what he said about business plans.
And after emphasizing just how crucial it was for every business owner to produce and update their own business plan, he then shared how he carries his own business plan with him everywhere he goes and refers to it every day.
When thinking back to that presentation, I remember seeing this business leader standing there on stage with his briefcase containing his business plan by his side!
Now I know he didn't literally carry his business plan with him everywhere and certainly not on stage, however, that is the visual memory that has formed over time and it's what I think of every time we refer to our own business plan.