Creating a Business Plan

# “People don’t plan to fail; they fail to plan.”
# Failure is not a bad thing, but you should try to succeed!
# (Elements of a traditional business plan)

For examples of how to make a typical business plan, you can see:
- Small Business Association business plan info
- Traditional business plan sample
# If you want to take a textbook approach to your business plan, that’s great. But since the business model I’m teaching is relatively simple, it’s possible to streamline it.
# I’ve put together a 1-page outline template for you which asks for the following information:

- Name of business
- Vision for the business
- Who is the target market?
- What will we sell? (be specific)
- What makes us different from the competition?
- Marketing strategies
- Goals for building and growing the business
- Plan of action to achieve goals
# I’ve provided a link to the template below, and you can download it for free.

Action steps:

1) Make a business plan.

If you wish to use my template, you may download it here for free:

Click here to download the PDF file (do a right-click “save target as” to download it to your computer)

So now that you’ve got a plan, you’ll need to commit to it, and figure out how to stay motivated. I’ll be talking about those things in the next lesson.

As always, you are welcome to post your questions and comments below.

Have a great day!

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