5 Simple Steps To Create A Simple Business Plan

If you intend to start you own business, regardless if it takes place on the internet

or in the brick-and-mortar world, you will need to have a business plan that will take your business to success. Your plan does not need to be too detailed and complicated. You can write a simple business plan that will incorporate everything you will need to get your business up and running.

But before you write down your plan with the 5 steps that will be mentioned below, you are encouraged to research your available resources and make an exact calculation of everything that you have on disposal. This is important if you want your process of creating and running a business to be easy and smooth.

Four main resources that you need to keep an eye on are: money, time, equipment and your skills. If you are surprised to hear about the skills on that list, dont be, because your skills will be used to bring everything into action and will determine how well a particular task will be completed.

When you write down how much money you have to invest, how much time you can spend working every day on a consistent basis, which necessary equipment you already have and which you will need to buy, and how skilled you are to do the required work, you can start writing a simple business plan with the following 5 steps:

Step 1: Create a vision and mission for your business. Outline why you are starting your business and see where it is in one, two, or five years time.

Step 2: Set goals that you want to achieve with your business and devise strategies to achieve them. Having well planned strategies will save you an enormous amount of time and money and will lead you to your goals much faster.

Step 3: Find out exactly how much money you will need to start your business and keep it running until your first income starts rolling in.

Step 4: Make an estimation of how much expenses there will be and how much you can expect to make with your business each month. This is an important step for your simple business plan as it will help you make better investing decisions based on your current and future available resources.

Step 5: Create a list of all the things you will need to do to bring your plan into action. All tasks that will take place should be well defined on a timeline, which will serve as your guide to guide you to your success.

by: Simon Rojko

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