๐๐ฐ๐ฆ๐ด ๐ค๐ฐ๐ฎ๐ช๐ฏ๐จ ๐ถ๐ฑ ๐ธ๐ช๐ต๐ฉ ๐ข ๐๐ถ๐ด๐ช๐ฏ๐ฆ๐ด๐ด ๐๐ญ๐ข๐ฏ ๐ญ๐ฆ๐ข๐ท๐ฆ ๐บ๐ฐ๐ถ ๐ง๐ฆ๐ฆ๐ญ๐ช๐ฏ๐จ ๐ญ๐ฐ๐ด๐ต, ๐ค๐ฐ๐ฏ๐ง๐ถ๐ด๐ฆ๐ฅ ๐ฐ๐ณ ๐ธ๐ฐ๐ณ๐ด๐ฆ ๐ฐ๐ง๐ง?
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Worry not, my fellow business owners- I have 8 great tips for you!
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It’s important when developing a business plan that you factor in the following:
1. ๐๐ผ๐ฒ๐ ๐๐ผ๐๐ฟ ๐ฝ๐น๐ฎ๐ป ๐บ๐ฎ๐๐ฐ๐ต ๐๐ผ๐๐ฟ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐’ ๐ป๐ฒ๐ฒ๐ฑ๐?
You need to create goals and plans that work with where you want your business to be. e.g., If your business needs more clients, does your plan reflect this?
2. ๐๐ ๐๐ผ๐๐ฟ ๐ฝ๐น๐ฎ๐ป ๐ฟ๐ฒ๐ฎ๐น๐ถ๐๐๐ถ๐ฐ?
Can your goals within your plan be achieved and/or implemented? There’s no point in making goals or plans you can’t realistically achieve!
3. ๐๐ฎ๐ป ๐๐ผ๐ ๐๐ฟ๐ฎ๐ฐ๐ธ ๐๐ผ๐๐ฟ ๐ฟ๐ฒ๐๐๐น๐๐?
Your plan needs to include things like deadlines, tasks, forecasts, budgets, and/or metrics. How else do you measure your success?
4. ๐๐ผ๐ฒ๐ ๐๐ผ๐๐ฟ ๐ฝ๐น๐ฎ๐ป ๐ฑ๐ฒ๐ณ๐ถ๐ป๐ฒ ๐ฟ๐ฒ๐๐ฝ๐ผ๐ป๐๐ถ๐ฏ๐ถ๐น๐ถ๐๐?
To action the plan, who specifically needs to do what to get results? Is there a clear outline of responsibility for your teams?
5. ๐๐ถ๐ฑ ๐๐ผ๐ ๐ถ๐ฑ๐ฒ๐ป๐๐ถ๐ณ๐ ๐ฎ๐๐๐๐บ๐ฝ๐๐ถ๐ผ๐ป๐ ๐ฎ๐ป๐ฑ ๐ฎ๐ฟ๐ฒ ๐๐ต๐ฒ๐ ๐๐ถ๐๐ถ๐ฏ๐น๐ฒ?
Business plans are ๐ข๐ญ๐ธ๐ข๐บ๐ด wrong. They’re made by humans, so flaws are inevitable. Having visibility over all assumptions made is crucial.
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6. ๐๐ ๐๐ต๐ฒ ๐ฝ๐น๐ฎ๐ป ๐ฏ๐ฒ๐ถ๐ป๐ด ๐ฐ๐ผ๐บ๐บ๐๐ป๐ถ๐ฐ๐ฎ๐๐ฒ๐ฑ ๐๐ถ๐๐ต ๐๐ต๐ฒ ๐ฝ๐ฒ๐ผ๐ฝ๐น๐ฒ ๐๐ต๐ผ ๐๐ถ๐น๐น ๐ฏ๐ฒ ๐ฝ๐๐๐๐ถ๐ป๐ด ๐๐ต๐ฒ ๐ฝ๐น๐ฎ๐ป ๐ถ๐ป๐๐ผ ๐ฝ๐น๐ฎ๐ฐ๐ฒ?
Without the people involved knowing what your plan is, how are they expected to get on with actioning it? Communication is key!
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7. ๐๐ฟ๐ฒ ๐ฝ๐ฒ๐ผ๐ฝ๐น๐ฒ ๐ฐ๐ผ๐บ๐บ๐ถ๐๐๐ฒ๐ฑ?
Itโs one thing to have the plan in place, its another to have people fully committed and working toward having it all achieved. E.g. when making bacon & eggs, the chicken was involved but the pig was the one that committed.
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8. ๐๐ ๐ถ๐ ๐ฏ๐ฒ๐ถ๐ป๐ด ๐ธ๐ฒ๐ฝ๐ ๐ฎ๐น๐ถ๐๐ฒ?
No business plan is good if itโs not flexible. A business plan is not about predicting the future, its about setting it up for success.
So long as you keep those 8 tips in the back of your mind when creating a business plan, itโll be plain sailing from here on out!
