Business Plan

10 Steps To a Healthier Business - Business Plan 

A business plan is the blueprint for your business idea. If you are currently running a business without a plan, if you are planning to start a business or if you have a business plan that you have not looked at in a while, follow these 3 tips to create a blueprint that will help you create a successful plan for your business.

1.)Create Idea Notebooks
You have ideas for an amazing business. Start writing them down. Composition books are a great place to gather your ideas. In your composition book, think of gathering your ideas as you would when planning a research paper.
~Brainstorm
~Research
~Draft your initial thoughts
~ Revise your ideas

2.) Create a Business Model Canvas A BMC is a one page chart that uses 9 key components to help you understand important elements about your business.
The components of a business model canvas are:
• Customer Segments
• Value Propositions
• Channels
• Customer Relationships
• Revenue Streams
• Key Resources
• Key Activities
• Key Partners
• Cost Structure

3.) Choose a business plan format
A business plan can be as simplistic or as detailed as you would like it to be. Choose a program that you feel most comfortable with. If you are not comfortable creating a business plan on your own, hire a consultant to create a business plan for you. Create your business plan with intention in mind.
Is this plan for personal use or will you use it to gain funding? Your business plan is a working document. Update your plan as needed to help you stay focused on your company goals.

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