Creating and following your business plan is a vital step to the success of your business. Coach Todd and Coach Dave are here to help you develop and implement a business plan curated with the specificities of your business in mind.
Your executive summary should provide a brief recap of the top highlights in your plan. While this should go at the beginning of your business plan, it is often easiest to write this one last.
Now let’s tell the world what your business is all about. In the business overview, you will share a complete explanation of your business idea.
What are you trying to sell? Describe what product or service you plan to provide to the consumer base.
Show your creative side during this step! Use your sales and marketing plan to detail how you plan to get your idea out in the marketplace. Be sure to include how you plan to stand out from the competition!
We’ve touched on the competition in the marketing plan but this section gives you the change to go into more detail. Provide a thorough examination of the competitive marketplace which makes up the industry.
Do you know the strengths, weaknesses, opportunities and threats your business may face? While it is not always fun to put your weaknesses and threats onto paper, it is important to know what they are so that you can work around them.
Let’s talk $$$! Your business plan should include a complete balance sheet, profit and loss statement and a complete list of projected expenses for at least five years.
How many team members do you have? How is your staff structured? Who is in charge of what? All of these should be answered through this section of your business plan. Include a summary of your organizational structure and a detailed description of how your business will operate at all levels.
Before you hop back up to step one to write your executive summary, lets throw in the visuals! Include charts, photos, diagrams, patents, etc. to complete the picture of your business.
The final step is the most fun! Show off the hard work you put into creating this plan by reviewing it with you certified business coach!
Bonus Points: Join us for Growth Club | Business Community Conference on June 17th & 18th to build your plan with other like minded entrepreneurs while learning and growing through workshops, breakout sessions and dedicated planning time.