Parvati Magazine January 2014 | Page 30

BUSINESS HARVESTING The Fruits Of Your Business BUSINESS For the small business owner, the entrepreneur and the trailblazer, planning can be quite the challenge. How do you plan within time if you are dealing with unknown variables and working on uncharted terrain? It is one of the reasons why 80% of start up business fails within the first five years of operation. I believe that the two biggest factors that lead to businesses closing their doors, without ever harvesting the fruits of their actions, are being under-resourced and under-experienced. I know from my own experience, at the record label that I run (Kupid’s Play Records), that without a proper marketing plan a project likely will not bear fruit. If I want a musical tour to be successful we need an excellent marketing strategy that works within a realistic time frame and is equally realistically executable. On these cold winter days, I am busy writing a marketing plan to support M ost companies aspire to reap a good harvest from the work they do. The prospect of that harvest is what keeps entrepreneurs inspired and staff motivated. The question that every business asks, or should ask, is what they need to do to ensure they can harvest a bountiful feast as the culmination of their work. There is no doubt that a good harvest comes from experience. An experienced farmer knows how and when to work the land; an experienced executive knows how and when to work their landscape. Timing and experience are crucial to the farmer and the business manager alike. With experience comes the ability to plan. Making realistic plans and working within time are the two biggest factors in planning for success. the success of Parvati’s spring and summer 2014 UK tour. A well-executed and profitable music tou