Write a Simple Business Plan
Decide your Company Strategy
Writing a simple business plan ASAP is essential. It doesn't have to be too detailed - in business, you'll find that things don't always turn out the way you expect, so you need to be adaptive. It should be a work in progress - at first, just consider the broader things, then as time goes by, as you add more and more points to it, it will get gradually more and more detailed, until you have a comprehensive company strategy planned out. This is the reason for the order of the steps on this website - just follow our easy steps, and you'll find that you'll be creating and refining your business plan as you go. And by the end, you'll have a perfectly functional, effective plan / system in place!
The first point most people consider when writing a simple business plan is how they will finance their business. Most people think business is extremely expensive and therefore risky to start up. They also worry because they think they'll have to quit their job, and work full-time to get the company up and running. This also causes stress / pressure on their family relationships, and most often, this is where most small business ideas are thrown away, or given up on.
With our help, you will be able to get your business up-and-running, and generating income, for next to nothing (usually less than AUD$3000). We are also happy to offer Business Loans to those of you who don't have enough funds... (Read More). We specialise in starting small business models which you can fit in with any other schedule, until the point where they become profitable enough for you to be able to quit your old job, and focus full time on your new passion - your very own business!
Deciding your Business Plan
When deciding your business plan, it's best to start simple. Consider the following basic questions:
1. What is your goal?
Both for your business, and your life - if you can combine the two, you'll be guaranteed a satisfying life!
2. How big do you want this company to be?
And how involved do you want to be in its operations? Do you want it to become big enough for you to quit your job and work full-time on it yourself? Or just have it as a small part-time business on the side? Or build it up, hire others to do the work, then sit back and just oversee the general operations, while you focus on your other hobbies during the day? Basically, how much time do you want to dedicate to this business?
Filling in the Details
Once you're able to answer the above questions, you should have a pretty clear long-term goal in place. Next you need to get a little bit more detailed, and think about how you're going to get from A - Z. You need a basic plan that you can look at anytime (print it out and put it on your wall to inspire you!), to make sure you're on track, and still have the big picture in mind. For this reason, you should include a rough breakdown of the major steps you expect you'll need to take until you reach your long-term goal, and estimate a conservative schedule of when you expect to achieve them by.
When deciding the A-Z steps for your business plan, the thing to consider is to look outside the square. For every type of company, there is an expensive way, and a cheap way to get started. Look at the classic "lemonade stand" style example. If you knew how to make a great refreshing drink, you could open up a brand new store to sell it from... but then you'd need to rent a shop, buy equipment to set it up, buy stock, hire staff, and all this before you even started to see any income..! And what if your drink wasn't as popular as you thought after all..?
Businesses that need Big capital, are a Big risk... The most important thing to consider is: "how can I start this business with no risk?" The answer is: you need to start small, and cheap. For example, you could set up a simple lemonade stall in front of your house for next to nothing, sell it to your neighbours, and see what they thought of it. Then, IF it was popular (and only after establishing that), you could start to think about expanding the business gradually...
After you get a feel for things, and test the waters of the new market you're in, you'll be able to make an educated decision about how much you'll be able to grow the company. That way, you can start the company without overextending yourself, so even in the worst case, you've only lost a small amount of time and money (in this case, a couple of days work, and a carton of lemons!), and you can brush yourself off and try again.
Our Business Planning Services
There are so many different ways to start a company. We specialise in figuring out the cheapest and easiest way - giving you the best chance for success. We offer Business Planning services to help you identify the best approach to starting your business. First we call you for a chat to identify your needs / goals / ideas, then our team brainstorm / put together a simple business plan for you, and present it all to you a few days later.
Contact us for more info about our Business Planning Services
