Writing a Business Plan – A Necessity for Success!
Why do you need to write a Business Plan for an online business? Honestly, any business requires a business plan the online business one is just simple and probably so much shorter than an actual brick and mortar one!
For any business to achieve the success you want you are going to need to have a plan of attack to accomplish what you are setting out to do otherwise it is like the blind leading the blind and feeling your way through the darkness.
I would appreciate you reading this complete article and you will find a link to my Training for an Online Business link attached below, my suggestion is head over there next to find even more information about starting your own online business 🙂
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What is a Business Plan
By definition, a business plan is a written description of your business’s future, a document that tells what you plan to do and how you plan to do it.
If you jot down a paragraph on the back of an envelope describing your business strategy, you’ve written a plan or at least the starting idea of a plan.
With this business plan for starting an online business good news is we are not going to be researching how much things will be costing for buildings, materials, employees, insurance, etc.
This business plan is going to revolve around you and your schedule along with your business idea and the goals you have in mind of what you are going to accomplish and in what amount of time you want to complete each phase.
Knowing what a business plan is let us take a look at what you need to include with writing up the business plan.
What’s Included in a Business Plan
- Executive Summary – this includes an overview of your business including plans and goals
- Opportunity – What are you actually selling and how are you solving a problem (or “need”) for your market? Who are your target market and competition?
- Execution – Cover your marketing and sales plan, operations, and how you’re going to measure success.
- Financial Plan – Knowing how much you want to invest in running your business can keep your budget inline until you are making a profit from your online business.
Online Businesses address a problem summarize in one or two sentences the problem you are solving. Every business is solving a problem for its customers and filling a need.
Listing out your solution to the problem your product or service. How are you solving the problem you have identified in the world with your niche?
List your target market who is your ideal audience? How many of them are there? It’s important here to be specific.
Some of these might be very difficult to include in your business plan at this time because you have no training to find the information or research the information you need to know.
Training is necessary for any job or business you are interested in applying for or opening whether it be a brick and mortar business or an online business without experience or proper training you are setting yourself up for failure.
My Business Plan Includes
Keeping it short. Business plans do not need to be complex but should be short and concise.
Knowing your audience. Write your plan using language that you will understand and can provide clear details about.
How are you going to solve a need within your company this is basically what you want here.
Setting your goals. This is the most important part of my business plan, without having goals being in business for yourself can be easy to blow off work if you do not feel like it.
Researching my topics. To deliver to my audience the best and most useful information keeping it in line with the help that I am here to offer the solution to their problems as one might say. Being honest and trustworthy!
Keeping a schedule. Being your own boss can sometimes lead you to feel that taking a day off is no big deal right? Sorry, but even being the boss has its downfalls you are the only employee, as well, no work getting done if you are not doing it and this will put you behind on making your goals.
In this website I am giving you a super head start to all the training that I have taken so far within the platform I belong to and yes I do pay for my membership.
These tips are things that I am learning not from the actual lessons but alongside the lessons which I was not aware of prior to becoming a member of the platform.
The training I have already done can answer all the questions above that you are going to have to find a way to answer for example your target market might be in shoes, how many people search for shoes? 811429 per month is the answer!
Take any word or phrase that you might think would be a good business model online and you are able to find out if it is worth the time for you to start an online business within this niche.
What is a niche? This is all covered in the training, but a niche is what you have found a solution for that people are looking for answers about, such as shoes but narrow it down some like dress shoes.
Can you find this information online by searching in Google, Bing, or Yahoo sure you can but in about umpteen thousand websites scattered everywhere.
What kind of time can evolve with finding them all or be saved by coming to one convenient location? For years I have wanted to get involved in affiliate marketing tried many different programs paid into the thousands of dollars trying to find the right one.
Of course, you are welcome to do the same thing no problem there. But for me to provide you with a FREE place to start out online and keeping all the information to being successful in one place which do you prefer?
Alright, today I have provided you with another step in the puzzle to start an online business and the FREE seven days of training is still available to you when you are ready to sign up.
I am still available to be your one on one coach during this time and help you whenever you have questions or get stuck and need assistance.
If you have already decided what your online business is going to be can you let me know if you have written your business plan yet?
Now that you know you need one and have a skeleton to follow how long before you can write one up?
Please leave any questions, comments, or suggestions in the space provided below I do respond to them promise 🙂
Thank you for taking the time to read the complete article, what is holding you back from getting all the training required to start your own online business today?