| Creating a business plan that is useable |
| Invention Development Advice - Business Structure | |||
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‘Business plan’ remains a dusty, conceptual notion for many soloists. Here’s how to bring that document to life so you can start achieving this year's goals right now. Many of us don’t bother with creating a business plan because we feel that we know the general gist of our own businesses and just want to get on with it. Some of us are forced into writing one to secure a loan or sponsorship deal. Those of you who actually have written a business plan just for ‘you’ have every reason to feel pretty virtuous right now. But do you regularly tap into it? How useful has it been? At its heart, a business plan is a list of business goals. Typically it will also include details of how and when these goals are supposed to be conquered, what obstacles to those goals might crop up and how to get those obstacles into a suffocating headlock. It is also best to include certain background information - i.e. what your business is about, who your clients are, who your potential clients might be and who your competition is. If you don’t know how to write a standard business plan and want to give it a go, there are a zillion sites with downloadable templates to help you out. The Australian Government has a pretty comprehensible list of approaches to creating a business plan). Even if you produce a business plan you’re super proud of, chances are you’ll end up filing it away. This is certain death to your document. Even if you have a more creative execution of your plan, chances are you’ll become blind to it. For example my article on Mind Maps may have prompted a business plan that is more like a colourful mural stuck on the wall or appears as your screensaver. But after a couple of weeks do you still really see it? The trick is to make our business plan part of our conscious lives.
What I’m about to suggest takes time, but I urge you to give it a go as it will set you up for the entire year.
Remember that goals can and should change as new business opportunities arise. When this happens I recommend adjusting your original business plan document (yes, pull that file!) then update your Outlook auto-reminders and so on. The success of implementing any of these ideas is to know what is going to work best for you. Maybe you have some different ideas on creating a business plan that can be shared with the rest of us. Let us know below. Megan Hills is a freelance writer and editor who enjoys helping others be engaging and understood. Through her marketing, publicity and graphic design nous, she can maximise the power of what you want to communicate to the people you want to reach.
This article first appeared on www.flyingsolo.com.au, Australia's online community for solo business owners.
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