Make a Business Plan
If you’ve been following the July Challenge, you’ve been developing a business plan.
It’s worthwhile creating a business plan for yourself mapping out
– Your overall vision for your creative business
– A couple of individual goals or targets (try to make them measurable – make more money is different than make £10,000 more)
– Break those goals down into projects – the major components
– Projects are broken down into tasks or steps
– Identify your target customers
– Identify your major products or services and any new products/services you plan to introduce
– Sketch out where your income will come from
– Identify any major risks to your business and what you plan to do to minimise the risk
– Identify any major opportunities to your business and how you plan to make the most of them
– Add anything else you want – it’s your business plan, there is nothing set in stone, so make it a document that has meaning to you.
Once you create your business plan, use it.
Revise it annually – updating and adding where necessary.
Review it quarterly to see if you are on track.
Anytime you feel lost, or confused, or frustrated, revisit your business plan. Use it as a touchstone to reinforce the path you are travelling.
Action – put together your business plan. Even if it’s scribbled out on both sides of a piece of paper, it doesn’t matter its format. Any business plan is better than no business plan.
If you’d like some help putting together your business plan, including challenging questions to help you refine it further, I am available for private coaching. Email me at firstname.lastname@example.org for more information.