Ahhh! The business plan raises fear, panic or uneasiness of the unknown. It isn’t a monster or a PhD thesis. It is a playbook for you and your business that you create.
There no right way or wrong way to do it. Many times, the only person who will ever see your business plan is you. Yes, that is what I said, you may be the only one who ever see your business plan. Write it on copy paper or do it in Word or even in a business plan program. Who cares, it is your plan.
Then why do it if no one will see it? You might be correct, no one may every know if I don’t have one. You will always know and yes, I believe others will know too. Historically, the businesses who have a plan, tend to stay in business, make more money and are focused on clearly defined goals. You want to be in that statistic.
A typical business plan will have several areas but it is up to you if you want to include all of them or if you want to include additional sections such as management and operations, funding and appendix. Again, it is your playbook.
Ease into it, if you must. Write down a bare bones outline. Then add in a mission statement, and maybe what you want to sell and who might buy it. Then bit by bit fill in the gaps by scheduling time to work on it. Over time your plan will develop into a must have document for you.
It will never written in stone. It is a living documents. If you need to change a play on the fly and it works out better than the plan in the book, then revise the book.
Because there is so much growth for young businesses, start-ups should review their plans weekly and make any adjustments monthly at least for the first year. Once the business gets established then reviews and adjustments can be more spread out but a serious review should be scheduled at least annually.
Shake off the fear and procrastination. Start on your business playbook today. It will help keep you from wasting time and money and get you on the path to amazing success.
Believe in More I provide mentor style coaching to entrepreneurs and small businesses. The Academy's mission is to develop and grow their money, mind and mission and support the foundation to local economy.
There is nothing more valuable to a community then strong leaders who own successful business.
I am an author, speaker, coach and the owner of Triumph After Trauma Academy. I am a communication and leadership expert and recipient of the VIP Woman of the Year 2016 for excellence and locally nominated for the "Best of 2016".
I would love to connect with all my readers and learn how you are making this life your best life ever. Best Regards!!
Connect with me: