Tuesday, May 12, 2015

Do You Have A Business Plan?

If you're a new entrepreneur, I have to ask: Do you have a business plan written? If you don't, I urge you to take time today to do just that. Why? I work with too many clients who don't have a business plan and they end up saying "yes" to every project, spreading themselves too thin and not charging enough for what they do. They eventually suffer burnout as well as having a bottom line that remains in the red.

I think a business plan and success go hand in hand. Here is what you need to have in yours, at a

  1. Your business's purpose aka mission and vision statement
  2. The problem your business will solve for its clients
  3. The solution you offer and how it differs from your competition 
  4. What is the market you're targeting?
  5. Who will be on your team and why? 
  6. What is your financial model and how much do you want to make? 
  7. Who can you work with as a mentor or who can you emulate that is a success in your niche? 
Take some time to at least get these basics down on paper. You can add to it as you go because your business plan should be a living, growing document. Do you need help with your business plan? Our team can provide assistance. 

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