December is a great time to start writing a Business Plan

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I was asked these questions last week “What does a Business Plan really mean?”  “Why should I have one?”  “Aren’t they a lot of work?”  Let’s explore these questions for the small business owner and entrepreneur.

What is a Business plan? ~ according to Wikipedia.

A business plan is a formal statement of business goals, reasons they are attainable, and plans for reaching them. It may also contain background information about the organization or team attempting to reach those goals. ~ Wikipedia

A business plan can be basic or complex, for these business plan questions I will keep it uncomplicated and achievable.

Why should I have a business plan?

A business plan helps you have a reason why for your business and keep you focused on your goals.

Here are some questions for a basic business plan:

  1. What is your business?
  2. What products and/or services are you going to provide next year?
  3. What are your values?
  4. How are you going to incorporate your values into your business?
  5. How are you going to accomplish this?
  6. What is your financial goal for next year?
  7. Who are your potential customers or clients?
  8. How are you going to market and network your business to successfully reach potential customers/clients and obtain your financial goal?

Aren’t they a lot of work?  

When reviewing, brainstorming and answering these few questions you have a simple and attainable business plan for the upcoming year.  Feel free to share. ~ Patti 🙂

Coaching for Inspiration

Coaching for InspirationwithPatti.
com – TM

To contact me for a private confidential discovery business plan coaching session.   Fill out the contact form below.   In the comment section specify you would like a free 30 minute business plan discovery session.

Coaching sessions can be conducted in various methods.

  • By Phone
  • By Skype
  • In Person

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