What’s Your Job as The Owner of Your Business?

As a small business owner, you probably think that you have a lot of jobs to do. Some people like to describe the job of a business owner as one that wears many hats. As the saying goes, sometimes you have on your salesperson hat, sometimes you have on your finance hat.

 

It depends on what is happening what your job is at any moment. However, your main job description as a business owner is to plan and organize the daily operations of your business.

 

On any given day, you may be responsible for:

 

  • Developing your business plans
  • Arranging financing
  • Hiring staff or contractors
  • Reviewing sales
  • Developing marketing strategies
  • Overseeing daily activities
  • Identifying opportunities

 

All of these jobs represent your main function as a business owner, which is managing your risk.  In each of these jobs, you really don’t physically do anything other than analyzing what someone else did for you, whether it’s automation or human.

 

Therefore, when you realized that you don’t need to physically do the tasks that you design, your job as a business owner becomes a lot simpler and can be boiled down to risk management.

 

When you realize that your job as a business owner is really one of risk management, it becomes a lot clearer what your main function is as a business owner. Realistically, you may have to wear a lot of hats at first, doing the tasks defined for each, — but it’s your choice to do the projects yourself or not as a business owner.

 

In fact, one can argue that it’s best for a business owner not to physically do the tasks that don’t require them since you only have so many hours in the day. It’s always, or should always, be less expensive to outsource or automate where you can. But you do have to start someplace, and most small business owners start out doing all the tasks themselves.

 

In any case, it can help to understand that finding and setting up automation in your business is one of the roles you play as a business owner. By doing so, you’re going to reduce risks associated with your business because you’re going to ensure those tasks get done in a timely fashion by someone (or something) who knows what they’re doing.

 

The more you can automate, the fewer things you have to outsource, and the bigger and better you can build your business because you’re going to free up your time to do more of what an owner does instead of the tasks involved in each area. After all, one of the reasons you started your own business is so that you can have more work-life balance, right?

 

One can argue whether the idea of balance even exists, but it’s clear that if you’re doing the job of 10 people, it’s hard to find that time freedom, much less anything resembling balance. In fact, you’re very likely to get burned out if you’re a small business owner who thinks that you have to physically do everything in your business. Instead, realize that part of risk management is to find ways to free up your time so that you can devote yourself to discovering new opportunities for your business.

 

 

The Fundamental Parts of Your Small Business

 

The first thing to think about when you seek to make your days more manageable and more effective is the parts of your small business. What parts of your business are essential to your success? For each business, you’ll need to look at your own situation to determine it, but this can get you started.

 

  • Human Resources – If you hire or contract out to others, you’ll need to concern yourself with setting up, organizing, and managing all your HR. Having some knowledge of this even if you think you’re going to do everything yourself is essential because you should not do it all yourself, and there are laws to consider.

 

  • Accounting and Finance – Every business must figure out how they plan to keep track of income and expenses and set up benchmarks for planning purposes. There is a lot you can automate in this area too.

 

  • Marketing and Advertising – No business can exist if they don’t get the word out about their solutions.

 

  • Production – If you have a product, whether physical or digital, the product has to be produced somehow. Much of production can be automated depending on the type of products you have.

 

  • Information Technology – Most small businesses today do have to deal with technology in some way, which means you need to have a general understanding of the technology available in your industry to help you manage and do your business.

 

  • Operations – The inner workings of your business are ripe for automation. It doesn’t matter if you sell products, manufacture products, or perform services, someone has to be in control of this work, and that’s typically the small business owner because they don’t typically hire managers, but you can.

 

  • Customer Service – Even if you only serve five customers a year, you need to focus on customer care in order to keep your customers happy. A lot of this process can be automated too.

 

  • Purchasing – This is a department that will often fall to the owner of a small business but exists as a separate department in a large business. In this department, you’ll want to figure out what the business needs, how much, when, and negotiate better prices, and so forth.

 

  • Legal Department – This is one of the first areas to go for a small self-owned business, but it is still important to acknowledge this area. You always want to make sure what you do is legal and follows the laws.

 

  • Business Development and Growth – This includes sales, marketing, project management, product management, and more. If you focus on business development, you’ll focus on how you can use what you have to expand your audience and make more money.

 

While in general, all businesses share the same fundamental parts, some businesses, especially home solopreneurs, may place importance on different parts depending on their goals. But these potential fundamental parts of your small business bare considering so that you can create a solid automation plan.

 

 

 

13 WAYS WALKING CAN BENEFIT YOU

 

There isn’t even enough space here to include all the benefits of walking. Walking is simple to do, most healthy people can do it even if it might seem hard at first, and you can do it almost anywhere at any time. The only special equipment you need are good walking shoes, and then you’re in business.

walking

  1. Burns More Calories – Walking burns calories like any other exercise, but without the impact and stress that other forms of exercise can like jogging and running. Even if you’re not feeling well, you can go on a leisurely stroll and still get the benefits of the movement.

 

  1. Builds a Strong Heart – Working out always helps your heart because you cause your cardiovascular system to work a little harder, which is good for it when you’re healthy. Keeping your heart strong will keep you alive much longer.

 

  1. Builds Better Bone Health – As we age, our bones become more brittle and we experience more pain. This can lead to broken bones and other issues. But if you keep walking and moving, you’ll be less likely to develop those problems.

 

  1. Improves Balance and Coordination – The more you use your body, the more it works for you. Walking more often improves your balance and coordination because your body gets used to standing upright and moving more often. It’s a matter of practice and getting the muscles and ligaments strong.

 

  1. Improves Your Lung Capacity – Walking, especially fast walking, will get your breathing up and cause you to build your lung capacity. Usually it takes about six to eight weeks of cardiovascular workouts to see the full improvement that you can experience.

 

  1. Lower Your Blood Sugar – People with high blood sugar can see huge benefits from walking and burning off that extra sugar in their blood. It’s not a cure for type 1 diabetes but it can help people with type 2 tremendously, and it can help people with type 1 lower their insulin requirements.

 

  1. Eases Joint Pain – As people age, they tend to get joint pain, often caused by arthritis. It might seem counter-intuitive to keep moving through that pain, but pain from arthritis absolutely can be reduced from more movement. This is because arthritis causes build-up of scar tissue in the joints from lack of movement, so if you move more it can stop that problem.

 

  1. Bosts Your Immunity – Getting your blood pumping and your cardiovascular system working will also boost your immunity from regular common illnesses like colds.

 

  1. Energizes You – Anytime you’re feeling tired for no reason, try going on a fast, ten-minute walk and you’ll find that you have much more energy. This is one reason a fast walk is an excellent way to wake up in the morning.

 

  1. Improves Your Mental Health and Mood – A nice walk in nature can vastly improve your mental health and mood. If you are feeling down, getting out in nature for a leisurely walk can help. If you’re feeling anxious, try a fast walk (even on a treadmill) to burn that extra energy.

 

  1. Helps You Live Longer and Healthier – When you incorporate daily exercise into your life, it will extend your life. Not only that, you’ll also enjoy your life much longer because you won’t be as sick or in as much pain.

 

  1. Strengthens and Tone Your Leg Muscles – There is no hiding the fact that walkers have good legs, but it does also improve muscle tone all over your body – especially if you work on getting your arms in on the action and pay close attention to your glutes and core muscles.

The Areas of Life You Need to Design for Success

  1. Boosts Your Creativity – Anytime you’re having a glut of good ideas for anything you’re trying to accomplish, going for a walk without technology, just you and nature (or just you and the treadmill), you’ll get a boost of creativity that will carry you through.

Walking is something almost anyone can do. Because of that fact, it makes it the perfect exercise to start if you want to get healthier and improve your life in every single way. When are you going to start your walking program?

Business Plan Resources You Can Use

You don’t have to reinvent the wheel to create your business plan. There are numerous resources you can use to help you. Use this list to find resources to use to help you create the best and most functional business plan possible.

 

The more you work on this, the more likely you are to be successful. But don’t forget, set a deadline for yourself so that you finish your business plan so that you can get started living the life you dreamed you’d have as soon as possible.

 

  • Small Business Administration – [https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan] In the USA, you can use information from the SBA to help you create your business plan. They have a lot of precious information on their website and in their offices across the country, and most of it is free or low cost.

 

  • Business Plan Software – There are numerous choices, such as bplans.com, liveplan.com, and others. They’re all pretty much the same, so you can choose based on what you need.

 

  • Business Plan Templates – You can find them right inside your MS Office templates and free online. Whatever you do when you do use a template, don’t copy someone else’s information. Make sure you add your own information so you don’t make a mistake. Just use the template for layout purposes.

 

  • A Business Plan Outline – Once you decide the type of plan you want to create, make your own outline, so you don’t forget to add any information. It does help to have the basic structure laid out, so all you do is fill in your own information.

 

  • An Accountant or Other Professional Expert – CPAs, Enrolled Agents (EAs), and some bookkeepers who specialize in a business start-up are professionals you want to have on hand to help you with the financial aspects of your business plan. Plus, they can help you with tax planning. Every small business owner should visit a tax planner before they start their business.

 

  • A Mentor, Coach, or Consultant – There are people who are willing to assist you for free or for payment, depending on your situation. Try going to a local SCORE.org office to get some help with your business plan. You can also find a coach or consultant online. Ask your colleagues for referrals.

 

  • Find an Incubator – Almost every local city with a college or university has a small business incubator that is willing to help. Check out your local coworking spaces for more information about this. They can help guide you through your research and business plan creation.

 

Finally, you can also hire someone to create your business plan for you, but this can be expensive. It depends on your situation whether you do it alone, go the volunteer route, or hire someone. The main thing is to learn as much as you can about creating a business plan, read other people’s plans, and then get yours started and done.

How To Build A Wildly Profitable Income Stream From Home Without Lies, Hype, Manipulation or Pressure…

 

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Information You Need to Know for Your Business Plan

 

There are many reasons to write a business plan. You may need a plan to borrow money, attract investors, or to validate your ideas. Plus, creating a business plan helps work out operating procedures and can put your business at a strategic advantage over other businesses.

 

To create your business plan, work on collecting the following information and documentation.

 

  • A Description of Your Business – This is simply what you do, who you do it for, why you do it, how you do it, and when you do it.

 

  • Describe the Problem(s) Your Customer Has That You Solve – Make a list of each problem you solve for your customer. Describe them fully and why they need to be solved. It can help to attach the product to the problem for reference.

 

  • Describe Your Solution – Explain how this solution solves the problem for your ideal customer. Try to write this from their perspective to ensure that you are putting the customer in a central place.

 

  • Describe Your Target Customer – You may need to describe more than one target depending on your products and services, especially if you have different levels of products, depending on their place in the customer buying journey. This is a good place for customer avatars.

 

  • Describe Your Competitive Advantage – This is all about how you are different from the competition. It may be due to price, service, innovation, operation, or something else. Some people also describe this as a unique selling point or unique selling proposition. It’s all about your place in the market and how you can leverage it to your advantage.

 

  • Describe Your Selling Process – Website, storefront, affiliates, distributors or salespeople, door-to-door, or something else? For example, perhaps you’ll set up a squeeze page with a freebie to build your list then nurture your relationship with them in email. Be specific and thorough.

 

  • Describe Your Business Model – This is a list of your revue streams and how you’re going to make money. If you have no revenue stream potential, you have no business. For example, starting a blog is not a business until you monetize it.

 

  • Describe Your Start-Up Costs – What are the funds you need to get started? List each expense and why you need it.

 

  • Describe Your Goals and Benchmarks – If you don’t set deadlines, it won’t happen, so make sure you match a deadline or benchmark to each of the goals you’ve set for your business. For example, “I will get 100 new customers each week by hosting two-hour long webinars each week.”

 

  • Describe Your Business Setup – For example, if you’re a sole proprietor who outsources to contractors, state that; if you are an employer with a management team, state so. If you plan to buy human resources, as time goes forward, mention those benchmarks so you know when this will happen.

 

  • Describe Resources You Have and Need – Make a list of the resources you have available now and how you’ll use them and a list of resources you need to buy, and when you’ll do so based on benchmarks.

 

As you work on creating your business plan, it can help to understand fully all the information and data that you need to complete a business plan that is useful for you. Use this list of information you need for your business plan to guide you as you create the plan and build your business.

How To Build A Wildly Profitable Income Stream From Home Without Lies, Hype, Manipulation or Pressure…

 

https://flawlessfreedom.com

 

 

Are You Being Realistic About Your Goals?

People often struggle in both life and business with the process of goal-setting—more than likely, you’ve read a lot about creating SMART goals. SMART is an acronym for: specific, measurable, attainable, realistic, and timely. Being realistic is one of the criteria for setting goals that will serve you, but the truth is, the rest of the acronym helps ensure that your goals are realistic.

 

It’s fun to fantasize about starting a business, and it’s not uncommon to imagine becoming a millionaire or making a high six-figure salary while sitting on the beach. The problem with this is that it’s just not that realistic. It’s not to say that no one has ever done it, but more than likely, they already had tons of resources like money and contacts that allowed them to simply delegate while they’re lying on the beach.

 

This is not an uncommon happening. Even the neighborhood dog walker probably had high hopes for how much money they can earn. When you come up with a figure or a measure for your goal to track, you want the number to be realistic and not just pulled out of thin air.

 

For example, let’s say that you are a virtual assistant. You plan to work as a VA full time. At first glance, you may think that means you can bill at least 40 hours a week. We often choose 40 hours because that’s what we’re used to in terms of work. However, it’s not really that realistic. There are other things you need to do for your business aside from the direct and billable work you’re going to do for them.

 

To be super accurate and realistic about how much you can earn, you need to figure out the order of operations at your VA business. What will you do all day? More than likely, once you figure out, you’ll realize you can work four or five hours a day that is billable, and the rest of the time, you’ll need to work on marketing and other aspects of your business.

 

After you’ve organized your day, you accept that you have five hours a day, Monday – Friday, that can be considered billable hours. That means you have that much time to work directly for a client that you can bill them for the time. How much money will you earn with that criteria at the rate you planned to charge? If you only charge $20 per hour, you’ll only make $500 a week before taxes or expenses. Is that enough?

 

You can raise your rates, or you can find other ways to earn more money, such as by going to a flat fee per service and finding people to outsource to or by hiring a full-time employee to help. Perhaps you can automate a lot more than you have so far to free up more billable hours. Maybe you develop an app that does what you would do automatically that you sell to your audience or that you use to serve your audience.

 

The main thing is that you should not leave these numbers to chance. Design your entire day and figure out what is realistic for your goals in each case. Don’t just pull a number out of the air. Think about the number and how it can happen or not happen before you put it in writing.

How To Build A Wildly Profitable Income Stream From Home Without Lies, Hype, Manipulation or Pressure…

 

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I work from home. Do I still need a business plan?

 

Home business owners often underestimate their business. If you start a home business, respect the importance and value of your home business. A home business is not a fake business. A home business can be more stable than a wage job. A home business can earn millions. Where the business is located really doesn’t matter as much as you may think. The location doesn’t define either legitimacy or potential.

 

Many people think of business plans as a document you create if you need a bank loan or investors, but the truth is, the business plan is a lot more useful than that. A business plan helps you evaluate whether your idea is feasible or not.

 

Plus, your business plan will also inform your marketing, operations, and pretty much everything you do. Not only that, but the business plan can also be used every single year as you update parts of it to make it even more accurate.

 

So yes, the short answer is that if you’re going to start a successful business that you enjoy, you need a business plan. Studies show that if you have a well-thought-out business plan, you boost your chances of success by more than 30 percent. Since most businesses that start from home either go nowhere or do not succeed, this is a big deal. Because here’s the truth, businesses don’t fail for no reason.

 

If your business fails, most of the time, it will be due to a lack of planning. More than 70 percent of successful businesses had a plan before they started. The other successful businesses usually develop a plan after the fact for the future, or else it’s hard to replicate success. Understand that a business plan that boosts your success potential is not something you will make in one day. It takes time and effort to create a quality business plan that truly sets you up for success.

 

However, as a home-based business, you can create a smaller plan where the summary and outline fits on one page with attachments (appendices and supporting documents) making up the rest of the business plan.

 

The important parts of the business plan that you need include:

 

  • Your Business Vision – Answer the question about what you are building. Include specific information, including time, expertise, and the who, when, what, why, and how of the business and customers you’ll serve. “Build a worldwide network of support for women who need to get healthy and lose weight.”

 

  • Your Business Mission – Develop your business mission statement. The mission statement needs to include your target audience, the product or service, and what makes this product or service different. “Motivate overweight and unhealthy women to become healthier by teaching them how to change to a healthy Keto diet.”

 

  • Your Business Objectives – All the goals and objectives you develop need to have a number attached to them. List everything you plan to measure, from reach, to list members, to sales, and so forth. For example, if you’re an author who wants to sell a specific number of books, you’ll state how. “Speak about once a week for a target of at least 40 speaking events this year.” “Generate revenue of $75,000 in 2021.”

 

  • Your Business Strategies – At this point, you’ll want to describe fully in chronological order each milestone and success you’ll experience over time. For example, “I want to become known as the go-to source for Keto Diet information.”

How to Pick a Niche You Can Succeed In

 

  • Your Action Plan – This is one of the most important parts of your business plan as a home-based business. This is the work you’ll do. Make a list of each thing you’ll do over the next year, at least including deliverables, deadlines, and results. “Develop a Keto Cookbook for Two by 3/21.” “Complete building of my studio kitchen by 2/22.”

 

As you can see, the point of the plan is to help you know what you need to do to build and grow your business. Without the plan, you may be very busy all the time, but your busywork may not be accomplishing anything without a plan.

How To Build A Wildly Profitable Income Stream From Home Without Lies, Hype, Manipulation or Pressure…

 

https://flawlessfreedom.com

What Is Your Business’s Financial Outlook? How Can You Know?

As you are creating your business plan, the part about understanding your industry and business’ financial outlook can seem daunting. But the truth is, while the numbers are assumptions based on what you studied, if you do a good job, your projections should be pretty close. Let’s look at how you can know and document your business’s financial outlook.

 

  • Study Your Industry – Remember that killer technologies are always being invented that can impact your business and even end your business. This doesn’t mean you shouldn’t do it, but you should keep up to date so you can mitigate or change course as needed.

 

  • Study Your Competition – If you keep aware of your competition and what they’re doing every day, you’ll also see signs of issues in the industry or with your customers, especially if you’re in business by yourself and not a huge multinational corporation. If big businesses are worried about something, you should be too.

 

  • Project Your Expenses – Make a list of all the potential expenses you’ll have for your business—for example, website hosting, software updates, contractors, employees, supplies, and so forth. Before you make one cent, you’ll have a few expenses.

 

  • Project Your Income – After you know how many customers you can go after and how many you think you’ll convert over time, you can now project your income. You do that by figuring out how much they’ll buy per purchase, whether or not they’ll be repeat buyers, and how you’ll get more customers over time.

 

  • Know Your Break-Even Point – Your break-even point is when your basic expenses match your income. Knowing this is going to help you know where you can cut back in hard times.
  • Understand Your True Financial Needs – The business plan only includes how much you are going to make, how you’ll make it, and how you’ll spend it per your business, as a small business owner who wants to make a certain income, you can include that figure for your own needs.

 

  • Document the Potential Income and Expenses For 12 Months – Once you have the information, create a spreadsheet to enter the income and expenses you’ll have for your business over the next 12 months.

 

  • Use the Figures for Planning – Each of the numbers you generate can be used for future financial planning and business planning. For example, you can set up benchmarks that inform you when you add to your business. “When my net income is $5000.00 per month, I’ll hire a virtual assistant for $1000 a month.”

Know your number

  • Be Ready for The Unexpected – One thing that is always good to do with any financial projections is to have contingencies in place if your plans don’t work. For example, what will you do if there is a natural disaster? What if you can’t do business in the way you are used to? Can you change and how will you do it?

 

  • Monitor the Reality – While you’re making projections, understand that reality will happen as you grow your business. As reality happens, update your projections to account for that reality.

 

  • Update as You Know More – Update your projections any time you have new information that will make your numbers more accurate.

Use a spreadsheet to enter the figures you discover so that you can easily update it and change them based on new knowledge or assumptions. As you grow your business each year, your projections will become more and more accurate. This means the planning you do, based on those projections, will also become even more useful.

How To Build A Wildly Profitable Income Stream From Home Without Lies, Hype, Manipulation or Pressure…

 

https://flawlessfreedom.com

 

How to Analyze Your Market and Why It’s Imperative to Do It

 

One thing you will notice about your business plan development is that there are lots of parts. You’ll have to do a lot of research to get the answers that enable you to create your business plan. Analyzing your Market is one of the things that you need to do to gather the right information. If you don’t go through this process, you may make decisions based on erroneous information.

How to Identify Over the Top Goals to Make Them Reasonable

 

A market analysis answers the following questions:

 

  • Who Are Your Ideal Customers? – Depending on your business, you may have several ideal target customers. Make a list of who your customers are. Describe them and give them a name so that it’s easy to know who you’re targeting with each new offer.

 

  • What Process Does Your Ideal Customer Go Through When Shopping? – In marketing, this is called the “buying journey.” It’s basically standard depending on where they are in the marketing funnel. Understand this so that you can differentiate the content you use to target them.

 

  • How Big Is Your Target Audience? – If you don’t know how many people are out there needing your solution, how do you know you can earn enough money. Pricing depends on many factors, such as how many people you can attract plus your production cost or time available to perform the services. If there are only 100 people who need what you’re offering, can you profit?

 

  • How Much Is Your Ideal Customer Willing to Pay? – Understanding who your customer is helps you also know how to price your products or services. Knowing their budgets and what keeps them up at night is enormously helpful.

 

  • Who is Your Competition and What Are Their Strengths and Weaknesses? – Understanding who and how your competition does business is also helpful. If you don’t have customers yet, you can learn almost everything you need to know by immersing yourself in studying them.

 

To get the information, you need to make good choices for your life and your business. Don’t try to skimp market research. Not only do you need to research before starting your business, but you should also continuously research your ideal customers over time.

 

While your customers may stay the same demographics, they can change their principles and values over time. Imagine creating a commercial for DOVE soap today compared to the 1940s and 1950s. Many old ads offend people today. You don’t ever want to offend your audience, so keep studying them and your market so that your communication with them fits.

 

  • Know Why You Are Doing the Research – Before you start researching, have a reason to do it. For example, if you want to find out where your ideal customer in the awareness stage finds their information, you should search for it; don’t just look at the information randomly, have a point for your research.

 

  • Stay Up to Date on Your Industry’s Outlook – One thing some business owners forget to study is the overall industry. You need to be on the lookout for killer technologies that might end the need for your product or service or otherwise change something drastic in your business. Remember, no one is still making VHS tapes. (Those used to have movies on them.)

 

  • Focus on Finding and Identifying Exactly Who Your Ideal Customer Is – You may think you know who your customer is already. If you do, it’s because you decided who they are before you even created your product. But if you already have a service or product, you may need to work a little harder finding the customer, but it is still possible.

 

  • Study Your Competition Regularly – Don’t just study the competition one time. Join their lists, get to know them. Become members of their community. The truth is, you never know when the competition might become a wonderful colleague.

 

  • Use the Data You Discover – Don’t just do all this work for nothing. Use the information you gather. Once you’ve collected the data and analyzed it make changes based on the facts. Then do it all again. And Again.

 

There is no point doing all this work researching if you’re not going to make changes and adjustments to your ideas. Once in a blue moon, your assumptions may be right, and your research confirms it, but often assumptions can be wrong, so always match your assumptions with the metrics and data that show the truth.

 

 

 

 

 

 

Can You Describe Your Business?

One of the things you need to do to write a useful business plan is to describe your business. It might seem simple on the surface, but you want to be careful how you describe your business so that it is crystal clear what you do, who you do it for, how you’ll do it, and why you’re the right one to do it.

 

  • Be Specific – When you choose the wording for your business description, you want to ensure that you are as specific as possible. You must use the right terms that the audience understands best to get the information to them clearly. Hint, you may need more than one description if you have created more than one client avatar, to ensure that they truly understand.

10 Ways to Get to Know Your Audience Better

  • Describe Your Customers – Your customers are your business. For this reason, it’s imperative that you can succinctly describe who your primary ideal customer is. You need to be able to describe them as if they’re a person sitting right in front of you. Include demographics and even how they look. You can even give them a basic name. It also helps to learn your customer’s buying journey so you can describe your customer at each stage of their decision-making process.

 

  • Describe Your Products – Do the same thing about each of your products. List them all and describe who the product is for what problems it solves, and how and why it will work. Do this for all your products, whether it’s a paid product or a lead magnet. One trick is to list the features of each of your products and then connect that feature to how it benefits your ideal customer that it’s meant for.

 

  • Describe Your Services – If you have services and products or instead of products, you will want to describe each service fully. One way to do this is to focus on the result or impact that the service will have for them and their ideal customer.

 

  • Describe Your Talents as Related to Your Business – Include information about your education and expertise related to what you do in your business. If you have others involved, you’ll include their information too. You can even ask them to write their own short description, especially if they’re contractors since they likely already have that ready in their own business plan.

 

  • Describe Other Experts and Tools That Will Work With You – If you have contractors, employees, or other resources that help you do what you say you will for your ideal customers. Whether it’s people, specialized software, or something else, describe what you will use to get the job done and why they’re right for it.

 

  • Why Do You Want to Do This? – Why are you the right person to do this and to create or make these solutions? This is a great time to talk about a pivotal moment in your life that made you want to do this. What unique insight and talent set you apart from the competition?

 

The more you can make this section complete, the more you can feel proud when someone wants to know about your business. The act of creating the executive summary solidifies in your mind what it is that you do, who you do it for, why you do it, and how you do it.

 

How To Build A Wildly Profitable Income Stream From Home Without Lies, Hype, Manipulation or Pressure…

 

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