Knowing how to make a profitable business plan can be the key that determines the success or failure of your service business in the medium and long term.
Did you know that 18% of small businesses fail within their first 12 months, while 50% of them go bankrupt within five years?
How to make a profitable business plan in 2024?
These data show that having technical skills is not enough to grow or scale a business.
In reality, you also need a coherent, strategic and clear lebanon phone number list roadmap for marke make a profitable ting, business and sales.
Fortunately, if you’re a professional selling services, you’re immersed in one of the fastest-growing industries in the world.
According to estimates by The Business Research Company, this market could have grown from more than $15,365 million in 2023 to more than $16,707 million in 2024.
Such a significant annual growth rate represents a huge opportunity for professional services businesses that are truly prepared.
If you manage one of them and would like to know how to create a plan that not only boosts it, but also exploits its profitability, do not hesitate to read until the end.
Before explaining how to make a profitable business plan, it is imperative that you know what it is about.
In this sense, this Harvard Business Review publication masterfully concentrates its essence. Here you have it:
“The business plan allows the entrepreneur to start the investment process. Witho make a profitable ut a plan submitted in advance, many groups of investors do not even grant an interview. And the plan must be excellent in order to obtain investment funds.”
Without a business plan, you might be able to get ahead, but you’re likely to hit a few roadblocks along the way.
Honestly, what would be the point? If you have the opportunity to design your service company’s business plan to save time and maximize your resources, you should do so without hesitation.
And this is where a word comes into play that can change everything in terms of growth, scaling and profitability: DIVERSIFICATION.
Understand this: knowing how to make a profitable business plan is essential for any company.
But in the case of service businesses, the strategy must be even more precise and adapted to the needs of the market.
However, this can be a big headache for many professionals or entrep the best email marketing blogs in latam reneurs in the sector, especially if they have just launched their projects on the market.
If you are one of them or even if you have been running your service business for a while by lists but don’t have a clear and concise plan, we are sure that the E² methodology will be just the thing for you.
How to increase revenue from your service business?
Let’s be direct: The E² methodology (stable and scalable) is very powerful to . Icrease the income of a service business today.
It was developed by the founder of the Convierte Más Group , Vilma Núñez, who is an expert in selling lo. Tcket and high-ticket services , and can be your best ally when it comes to diversifying and billing more.
She offers you a clear guide to building a stable and scalable business by diversifying into different areas.