Basic Business Plan – Write One Now!
Posted by KristiJan 31
You may be wondering where I’ve been lately – well, I’ve been diversifying my income streams and doing my best to focus my energies on one thing at a time. Every week, I have decided to focus on one idea and to stop trying to put all my energies into 5 different things at a time. I even completed a mini business plan this week and you know what, my business plan has given me direction and purpose. It keeps me grounded and focused and it is motivating.
Whenever I feel temped to drift away from my business plan, I simply pick it up, read it again and get back grounded. My plan includes my business model (freelancing, PLR creation, affiliate /bum marketing, niche websites, eBook production , and residual income sites. It also includes my long and short term income goals ($52,000 a year for 1st year and $104,000 for the 2nd year), and expenses ($500.00 a month). This equates to about 25% freelancing and 75% passive income streams.
My business plan is a 2 page document but is quite powerful indeed. I strongly suggest that ALL of you create a basic business plan right now.
Related posts:
- Business Idea #13 – Creating Letters for Businesspeople who Hate to Write
- An Important Discussion about Cash Flow and Payment Terms for Internet Marketing Writers
- Kristi Patrice Carter’s Game Plan for 2009
- Business Idea #5 – Selling Custom Email Packages
- Plan to Produce 1001 Articles in 7 Months to Skyrocket Internet Marketing Profits!
A 2 page business plan is all you need. It merely needs to give you direction. I guess I have probably oversimplified that a little but even the most basic plan will stave off the possibility of losing focus on your goals. As they say “If you fail to plan, you plan to fail”. My own business plan was created so long ago and has been read through so many times that I am not even sure I could put my hands on the hard copy now, it is simply committed to memory through constantly using it for inspiration. So, in short, I commend you for this post and support your push to have all internet marketers devise, and stick to, a basic plan of action. There are 2 words in that last sentence that are critical for any business, especially internet marketing. Those 2 words are “plan” and “action”. Without either of them you are doomed.
colinbrennan recently posted..Characteristics of a Successful Advertisement