Monica started a discussion on my group about creating a business plan and I realized that probably most Noah's Ark crew members haven't probably even considered making a plan for their business. It's a valuable exercise for a few reasons:
1. It gives you, the crew member the mindset that this is a real business. It also helps to create that mindset in others like your friends and family.
2. It helps if you ever get a random audit from the IRS - again having a business plan written on paper will show the government that you set out to make this a business from the start.
3. It helps you to set focused goals - going through the process of creating the plan forces you to think through what you actually want to do with your business, look at your schedule, and set up a schedule of how to make those specific things happen.
4. It encourages you to get creative in your marketing efforts - once you have some idea of what you want to do with your business you'll see that you need to get yourself out there somehow.
So how about you? Do you have a written business plan already? If not, do you think it might be a good idea to put one together?
Would love to hear your thoughts...
1 comment:
I have not created a business plan before. I think it would be valuable information to have and a great experience. Thank you for the information you have given us already.
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