AMT Media Study Finds the Business Plan is Key to Small Business Success

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AMT Media announced today the results of an internal study of small to mid size business successes and failures. The most successful businesses have detailed plans in place, and various backup plans for reaching goals, measuring progress and profitability.

AMT Media announced today the results of an internal study of small to mid size business successes and failures. The most successful businesses have detailed plans in place, and various backup plans for reaching goals, measuring progress and profitability.

“I cannot stress the importance of a well detailed plan, taking into consideration many functional areas of business most owners overlook. We looked back over fifteen years of business and more than 75% of our clients did not have a business plan or never updated their plan since inception,” stated Mark Fracalossi AMT Media CEO.

The importance of a business plan is crucial to the success of any new or existing business. Defining specific goals and various plans to measure progress is imperative for the healthy growth of any company.
Using an outside source to help develop a plan is a more objective way of helping define goals and measurement systems to guide business forward. There a various ways of getting help for developing business plans. For example many Universities, business associations, state agencies offer great advice, but for more detailed or ongoing advice we recommend hiring a small business consultant. Many business owners are reluctant to allow outside people offer advice for a number of reasons but we offer a few examples.

Most large corporations spend millions of dollars on outside consultants for one reason, they get results. Tiger Woods is one of the top golfers in the world. His game began to suffer and he changed his long time coach, to get a different perspective on his game and make some changes. His recent improvements have paid off. Openness to change is the key to continued success.

The need for receiving a different objective look at your business from someone with no emotional ties to the business is imperative to defining paths to success that may have been overlooked.

“We were astonished at the amount of businesses that had no plans in place. The business climate changes constantly across all markets and your business should define clear cut goals and plans for obtaining them. The economy is starting to improve and the businesses that are on their “A” game are going to reap the rewards”, Fracalossi added.

Many business plans of existing business have never been updated since the inception of the company. Most small business owners spend most of there time involved in the day to day process with little or no focus on overall business objectives. Behind every successful business in your market is a well detailed multi year business plan. A well constructed plan will put your company on the path to success.

About AMT Media:
AMT Media LLC,is a Denver Colorado based Business Management, Event, Media and Television Creative Service Consulting Firm,providing a wide array of specialized services such as Television Production, Media Placement, Social Media Marketing, Event Branding and Management, New and Traditional Media Consulting, Business and Entertainment Events, Tour and Artist Services, Public Relations, Marketing and International Business Development. AMT Media LLC is a private company with offices and strategic partnerships throughout the world. AMT Media LLC has provided business solutions to clients around the globe since 1996. http://www.automantech.com

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Mark Fracalossi
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