Tuesday, August 9, 2011

STEP 2 of 10: Creating A Business Plan

One of the first things you'll want to do when starting a new business is to create a business plan. This includes writing down in detail your business' mission and goals. Don't worry if your initial plan is scribbled on the back of scratch paper, trust me that's a great start however, typing it up afterwards would be good. At it's most basic, a business plan contains:

  • YOUR MISSION: A definition of the business and what it does.
  • YOUR VISION: Defined short-term and long-term business and financial goals. The goals should be specific, achievable and time-based. They should present a clear map of your future success.
  • YOUR STRATEGY: How you will achieve your goals.

Nothing is set in stone, in fact you'll want to tweak, update and add to your goals along your journey.

< Step 1: Decide If Working From Home Is For You

Step 3: Determine The Legal Structure Of Your Business >

For questions on specific topics or if you would like more information on anything related to the above post please feel free to contact me and I will get back to you as soon as possible or if it is a FAQ I will create a new post :)

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