Starting a Business? Got a Plan of Action?

Are you starting a new business? Do you have a solid plan of action? You’d be surprised how many clients knock on my door wanting to spend money on a logo before they even have a basic business plan in place. If you’re new to business or entrepreneurship, know that it’s dire that you put together a simple plan of action (on paper). A business plan is basically a road map that explains the overview of your business model, your goals, and your marketing strategy to accomplish those goals. It doesn’t need to be thirty pages long. The simpler you can make it the better.

Don’t just shoot from the hip!

But without a business plan, you’re just shooting from the hip and hoping for the best. It’s important to get your ideas out on paper. Doing so allows you to visualize your business and fine-tune your ideas. A business plan will constantly evolve as you dive deeper into your business. Most of the time, even with experienced business owners, it can be trial and error and working out the kinks the first couple years. But know that the plan is not set in stone, which allows room for growth, errors, and necessary changes.

Write down your ideas and envision your goals

This is an opportunity to truly envision your goals, manifest your dreams, and take the necessary steps forward to make them a reality. So grab a pen and paper and start jotting down your ideas. Realistically, you should be able to put together a simple plan of action before you spend one dollar. If the plan seems reasonable and the numbers make sense, go for it. If not, go back to the drawing board until you get it right. Because if you’re not turning a profit, all you have is a really expensive hobby.

Care to chat more about your business model? Give me a call or shoot me an email to set up a free consultation.

Chris Thornton | 719-210-8384 | me@hi-fivedesign.com

Read more