Tag: Funnel builder

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Creating Your Executive Summary Is Not Just for Investors

The executive summary is an important component of your business plan. It’s the part of your plan that is first, but it is often created last. You need all the other information collected, studied, and analyzed to create the executive summary. This summary will explain in a concise yet thorough way what you do, who you do it for, and why you will be successful doing it.

 

To complete the executive summary, include:

 

  • Information about your research – The research you conduct will inform business decisions and help you develop your strategy for achieving your goals.

 

  • Results of said research – The research produced results that need to be analyzed for the executive summary.

 

  • Suggestions about how to do business based on the research – Based on what you learned during the research, what steps will you take, when will you take them, and how will you take them?

 

Your executive summary is mostly an informative piece of writing that doesn’t need to be very persuasive other than you should point out the research methods and why they’re accurate and explain the results thoroughly.

 

It should be interesting, grab attention, and give you the info it needs to in the case of needing a business loan or angel investors. If it’s just for your use, you still want to continue creating the executive summary as if someone from a bank might read it. Try capturing your reader with a thought-provoking statistic or tell them about a quote you love that relates, or a book.

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The executive summary should be able to exist without the rest of the business plan as its own document to use when needed. However, you’ll want it to be concise and short. It’s a summary by nature, but it should give all the information the reader needs. You’ll be able to use the document in other aspects of your business to come up with content marketing ideas, to remember your mission, and more.

 

You can write your executive summary in the same way as normal article writing. Create a title for each section. You can use this order to keep it all straight in your mind as you develop your executive summary for your business plan. But remember, you should not even start writing it until you’ve collected the information for each section.

 

Start with an overview of your business; include what you do, who you do it for, why, and how you do it. Next, add information about your target market, your competition, and at least three points about the marketing strategy you plan to use. Now add in information about how you will operate the business. Will you be a sole proprietor, or will you be a corporation? Will you work in a brick and mortar atmosphere, or will you build your business solely online? You also want to include information about your projections based on your research. Give information about finances now, a year from now, two years from now, and up to five years. Be sure to include your break-even point and concrete ideas about when you’ll finally produce a profit. If you need an influx of money, this is also when you mention the type of financing you will get or venture capital you’ll seek. All your numbers should align and make sense.

 

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

 

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What Do You Need to Change to Succeed?

One thing is evident when you do the work to research your niche, your industry, and your audience so that you can build your life-affirming business: there are things that you need to change. That’s even more true when you get real about who you are, what skills you have or lack, and are honest about your deficiencies. There is always going to be something that you need to change so that you can succeed.

 

As you work through developing your life-affirming business plan, an exercise that will help you move forward is to note where you are right now and where you want to go. Don’t just draw a line from point A to point B, though. Instead, you need to take the time to write down the steps involved in getting to point B.

 

For example, let’s say you’re a married mom of three children under nine years old. You have a 2-year-old, a five-year-old, and an 8-year-old. Your husband works away from home 60 hours a week, including travel time. You work outside the home 50 hours a week, including travel time.

 

You usually are home on weekends, but your spouse works odd hours sometimes on weekends, nights and is not reliable to help out with the kids or anything else around the house very often. You are trying to build a reselling business on Amazon FBA, Poshmark.com, eBay.com, and other platforms. Your first goal is to replace your $38,000 yearly income so that you can stop going to that job.

 

There is nothing wrong with the above scenario. If you look at it realistically, you can see clearly that you will need to create a plan uniquely designed for you, the time you have available, your budget, your goals, and other considerations to find time to build your business the way you want it to be.

 

You note that you have every intention to work for two hours a night taking pictures and making listings after you get the kids to bed by 8:30 PM weeknights and 10 PM on weekends. You also want to work four hours a day on Saturday and Sunday, shopping for and sourcing new products. But you find yourself not doing any of it. You get home, do your household chores, spend time with the kids, put them to bed, and veg on the couch until you pass out, or you find things to do that aren’t your business like laundry, dishes, mopping, and so forth.

 

Meanwhile, your business goes nowhere. What do you need to change?

 

In this case, you need to change your mindset. There is no reason you have to cook home-cooked meals or clean the house yourself. Enlist the children’s help and assign chores to your husband when he’s home. If you can, consider hiring someone to come in and help.

 

Try getting up two hours earlier and doing the listings and pictures before you’re tired from the day. That way, you get it done while you’re alert before you’ve given all you have at work. Change to only sourcing once a week on Saturday morning for as long as it takes you to spend your budget up to 5 hours, then on Sunday spend four hours organizing for pictures and listing during the week.

 

Even if you don’t get it all done during the time constraints you’ve set, you will get it done over time. Remember, there are no rules about how much you need to do each day other than meeting your goals. If it’s too hard to meet, reset your goals to be more realistic.

 

As you see, the main point of all this is to figure out where you are, where you want to be, and then working with what you have and your personality to design a path to get you to your destination. In this case, it’s going to start with listing goals, and then once you meet those, you can focus on your income goals.

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

 

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Setting Boundaries: It’s Not Selfish to Go After What You Want

As you work on designing your life and business to match your version of a fulfilling and happy life, it’s imperative to realize that it’s not selfish to go after what you want. While it’s not selfish to make yourself happy as long as making yourself happy doesn’t include criminal or unethical activity, there are times when being so-called—selfish is good for you and good for business.

 

Stick to Your Budget

 

When most people think of sticking to a budget, they think of only money. While yes, you need to create and stick to your well-thought-out budget so that you keep your bank account healthy and can go after other things you want, remember that you have other non-money resources like your health, time, and so forth.

 

Follow Your Schedule

 

When you set up a schedule with real planning and thought about fitting in the things you want to do in life, it’s important to mostly follow your schedule. If you are having a hard time sticking to the schedule, maybe you’re not putting your plans first, or maybe you need a new schedule that is more realistic. When you develop a schedule that includes everything, including lunch with your four-year-old, data entry, exercise, and so forth, you’ll have a much more balanced life.

Scheduling

Say No (or Yes) with True Thought and Consideration

 

Don’t say yes or no to any request without thinking about it first. You need first to ask yourself if you even want to do it, figure out why you want to do it, what the benefits are, and then check to see if you even have time to do it. If you don’t want to do it, you can say no without guilt.

 

If you do want to and can’t, due to time or other constraints, state so and do not feel bad. If you can do it and want to do it, then you’re in the clear. But it’s imperative that you really think about it and study each question well.

 

Take Care of You First

 

This is probably the hardest for females. Women tend to put everyone else first but feel bad when they put themselves first. When it comes to your needs, always put needs before wants. Your needs come before your wants. Your needs come before someone else’s wants. This is how it should be. If you aren’t happy, healthy, and living the life you really want to live, what’s the point?

 

Prioritize Tasks, Especially Money-Making Tasks

 

As you create your schedules for your business activities, remember to prioritize any money-making tasks. The main reason is that without money you can’t do all the things you want to do that make your life worth living.

Why Every Business Needs a Business Plan

However, this doesn’t mean that you work 20 hours a day on money-making tasks. Instead, you’ll simply spend some of your time each day hard at work making money. When you designed your life, you discovered how much time you have left to make money. Use that time wisely. There is no point in spending time, for example, chatting with people on social media before you send offers to your customers.

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

 

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What You Really Want to Know to Get Started Fast

Once you learn about yourself, figure out what you really want from your life, choose the type of business you’re going to build, and decide how you’ll run the business, you’re going to want to get started fast. Get to know who you are so that you can start a business that thrives.

 

Realize Who You Are Really

 

While you may change as you learn more about the world, you’re mostly who you are. You like to get up early, or you like to sleep late, or you’re naturally organized, or you need to practice – it’s all fine as long as you are honest with yourself about it. Nothing you know about yourself is wrong. Knowing yourself will enable you to ensure that you set up your life for success.

Components of a Business Plan

If you know that you need an extra hour each morning to fully wake up and be ready for company, then you can make sure you do just that. If you know you get nervous speaking in public, you can work on it and practice.

 

Don’t deny who you are or think you’re wrong for being who you are. Instead, work around your challenges to reach the success you desire by knowing who you are and being honest with yourself about it.

 

Understand What You Really Ultimately Want and Need from Life to Be Happy

 

Part of knowing yourself is knowing what you want out of life, not what society or your folks told you that you wanted or even needed. As long as you’re a kind person who doesn’t use others or oppress others, there is nothing about you that is wrong or bad. If you want a traditional marriage and kids, that’s great. If you want a nontraditional life, that’s great too. It’s up to you.

 

Remember to focus on tangible things you want and need like healthy food, shelter, medical care, recreation, and so forth. Be very specific about what makes a good life for you so that you can ensure it happens.

 

Know the Fundamentals of Starting a Business

 

Don’t assume you understand the laws and rules about starting a business. Educate yourself about your particular industry and niche so that you understand the way things are done. There is no need to create a new way to do things for most businesses, as someone else has already designed the best way to succeed. All you need to do is figure out how to emulate them.

 

Know What Your Best Average Day Will Look Like

 

Take some time to imagine what a given day might look like if you lived the life you wanted to live. What does it look like? What time do you usually get up in the morning, and what do you do? What do you do for work? What are you doing when you’re done with work? Describe an average day, week, month, and year so that you can work toward that ideal realistically.

 

Know What Resources You Have and Need

 

As you design your life, make a list of the resources you have and how you’re going to use them, and the resources you need. Brainstorm ways to obtain the resources you need. You’re either going to have to pay for them, create them, or otherwise work around these needs you don’t have yet in order to succeed. If you know what you have and know how to use it and know what you need and how to find it, you’ll be prepared.

 

Your Business Plan

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Don’t skip the process of writing a business plan. The business plan will help define your business as well as the day to day activities you do that make up your business. The business plan will also help organize all the marketing, advertising, and other information you need to attract your ideal customer to your offerings. It’s a necessity. Some studies indicate that creating a business plan increases the likelihood of business success.

 

The Legalities

 

One thing you’ll discover as you create your business plan is the legal parts of your business that you must get right before you get started. You may need a business license, or there may be other legal requirements that you must follow. You may need to set up sales tax payments and regular quarterly tax payments to keep your income tax up to date. You won’t know what you need until you go through the process. You need to go through that process. Don’t assume.

 

The Action

 

You need a fabulous and effective schedule of daily, weekly, monthly, quarterly, and yearly tasks that you will implement to ensure that you reach each goal that you set. Without acting, nothing will happen. You can talk about having a business, and you can work on your business all you want, but until you make sales, you don’t have a business. You have an idea.

 

When you know what type of business you want to start and what type of life you want to live, it’s just a matter of doing it. Live your life and build your business joyfully, knowing that you are the one in control of your destiny.

 

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

 

https://flawlessfreedom.com

 

 

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Guess Who Is In Control of Their Life?

Life has a way of moving really fast when we are not paying attention. One day you’re walking across your High School auditorium stage accepting your high school diploma, and the next, you’re sitting at your kitchen table freaking out about the bills, your own kid’s graduation, and your parents’ move to assisted living. You may wonder who is really in charge.

If you know your Goal

But guess what, it’s you. You are in charge of your own life, and you can make choices that rock the world if you want to.

 

If you want to make a change, or start a new venture, or even improve the path you’re already on, the fact that you are the one in control is an important factor to accept. It does not mean that you haven’t had struggles, or you’re overly privileged, or even that you’re not.

 

It just means that you can make choices and take action that leads you to the lifestyle you desire or take you away from it. To help change your mindset to accept your control, let’s think about a few ideas to help you move forward.

 

  • You’re a Work in Progress – Whomever you think you are today, and whomever you want to be tomorrow, is not really finished. You can decide to be different when you learn new things about yourself and the world. Maybe you never heard of the career or business you want to start until you were 40, that doesn’t mean you can’t do it. You may not be able to, but you should research it and figure out if it’s feasible or not before you give up.

 

  • Try New Things – You cannot know for sure what you want from life if you have no idea what is out there. Most of us never travel much further than our state’s capital and rarely leave our hometown unless it’s for a job, and then we stick around there too. Even if you can’t travel, read a wide variety of books, try new things, and dip your toe into new ideas so that you can figure out what you want to do. Take some risks and let yourself be uncomfortable.

 

  • You Can Create Positive Habits – Most people think of habits as bad, but you can develop positive habits that lead to your desired results. Figure out what you want to accomplish and study what others have done before you to succeed. For example, if you want to become a baker and open a bakery, you need to learn how to bake first, which means you need to add baking to your daily routine.

 

  • You Can Learn Goal Setting – Honestly, one of the best things you can learn for yourself is goal setting. There is a specific method of goal setting that works for most situations. Look up and study SMART goal setting and then implement it in every area of your life, including your business.

 

  • Learn to Self-Reflect – Self-reflecting means that you are careful, honest about who you are, what’s happening around you in and out of your control, and how you affect what’s happening. Everything you do going forward should be judged by what you can do differently or better or even what you did right and not what others are doing, have done, or could do. All you can do is control yourself. That’s it.

 

  • Practice Makes Perfect –You don’t need to be perfect, but this is a saying that most people relate to. If you want to accomplish something, you need to keep doing it until you accomplish it. If you want to become a fantastic painter, even if you’ve never picked up a paintbrush, you can. You just have to start practicing now and keep practicing as often as possible.

 

When you fully accept that you are in control of your decision making, that means you’re in control of your life. This doesn’t mean that outside influences can’t mess up things for you, but it does mean that with good planning and thoughtful introspection, you can figure out what you want and how to get it, then take the steps to see it through.

 

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

 

https://flawlessfreedom.com

 

 

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Questions to Ask Yourself to Figure Out What You Want

Let’s step back and think about your life and what you really want out of it as you design your business to work with your life. Most people don’t think about designing their life or their business to work best with the life they want to live.

 

Instead, they generally get training and get an entry-level job or start a business thinking it’s normal to work all the time and still not have anything extra to have fun with or invest in the future with.

 

The truly empowering and exciting fact is life doesn’t have to be this way. You don’t have to settle. You can change your life from right now moving forward if you simply understand what you want and figure out how to get what you want from your true starting point using goal setting techniques that require you to act.

 

  • Why Do You Exist? – This may seem like an essential question but answer it in terms of what you want to do supposedly for the rest of your life. Perhaps you exist to experience hiking every US hiking trail known? How does that tie into your business needs? Well, it means you need a business that allows you the time and resources to go hiking a lot.

 

  • What Do You Most Want to Achieve in the World? – Do you want to end hunger, stop pet abuse, or something else? It doesn’t have to tie directly into the business you start but sometimes how you earn money can be impacted by what you most want to achieve. It’s okay to make money from your achievements.

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  • What Do You Want to Be Remembered For? – Try writing your obituary to get your mind around how you want to be remembered. Sometimes it can help to design your obit for more than one audience to highlight different aspects of your personality in your heart and mind.

 

  • What Excites You? – What was the last thing you did in your life that made you forget time and just forget all your worries? Was it that time you wrote a short story in high school? What about that time you learned to build a database? Whatever it is, write it down.

 

  • What Do You Love Most? – Is there something out there already that you really love doing? Do you like gaming? Do you like watching movies? Reading books? Spending time with the elderly? Helping the less fortunate? Mountain biking? List all the things you really love doing.

 

  • Who Do You Want to Be Like? – Is there someone else that you really think has done all the things you wish you could have done? If someone has already achieved what you want, it helps follow them and learn about them.

 

  • What Do You Dislike? – Sometimes, if you cannot think of what you like, it’s easier to think about what you do not like. Make a list of things you know for a fact you dislike doing or thinking about. Dislike politics? Dislike running? Dislike filing? Dislike talking on the phone? Whatever it is, write it down.

 

  • What Do You Know You Do Not Want? – Like writing what you don’t like helps, so will writing what you know you do not want. For example, “I do not want to work more than 20 hours per week earning money.”

 

  • What’s Your Tag Line? – Create a tagline for your business but also create one for your life. This tag line can be posted prominently so that you can remember what you stand for and let that guide your choices.

 

  • How Much Time Do You Have? – When you decide on any new goal in life, it’s important to consider how much time you really have to achieve it. If you’re 50 today, that means you have less time than if you’re 20.

 

  • How Much Free Time Do You Need? – As you’re choosing a business to help fund your ideal life, think about how much free time you really want and need to be happy. Do you like being able to rest on the weekends, reading, watching movies, or do you like having a busier life?

 

  • Who Do You Wish to Spend Your Time With? – Think about the average day that you’re not working. Who do you like being around? Think about working. If you had to work with others, what type of people do you want to be around? Describe the attitude, morals, values, and principles of the people you want to spend time with.

 

  • What Do You Like Doing for Fun? – Make a list of activities you like doing for fun and recreation. These activities take time, money, and skill. It’s important for you to have the resources to do them.

 

  • What Do You Like Spending Money on Without Guilt? – When you spend money, what makes you not think about it? If you spend money on something and you dislike it, consider whether you need to or not. If you don’t mind, consider what type of budget you need for it.

 

  • What Does Your Ideal Life Look Like in Five Years? – If you started right now with what you have and what you know, what will your life look like in five years, ideally? Describe it using as many descriptive words as you can.

 

  • Which Famous Quote Defines Your Moral Perspective? – You can have more than one quote that resonates and describes your moral perspective. Collect a few so that you can look at them when you need a reminder.

 

Answering these questions is just the start. The answers give you insight into the goals you will set for your business and your life. These goals can work together simultaneously to help you build a business that really does work with your life.

 

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

 

https://flawlessfreedom.com

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You Really Can Design Your Life the Way You Want It

When most people grow up, they end up with about the same finances and lifestyle as the family they are raised with. Very few people do better than their parents or change that much about their lives compared with their folks.

Failure is

It’s not a bad thing, but if you want to do something different, it can seem daunting. However, you really can design your life the way you want it. It doesn’t matter who you are now or where you are from, or what situation you were born to. If you understand who is really in control of your life, (you) you can do amazing things.

 

  • Begin Where You Are – Some people are born with more resources than others due to their family or place in life. Others are born with more challenges. In the scheme of life, this only matters if you don’t believe you can improve your life based on your birth. If you believe you can, and take the steps necessary to do it based on the situation’s reality, you will be more successful. Maybe you have to work two part-time minimum wage jobs while working your side hustle to pull it off for five years – it doesn’t matter – whatever it takes to reach your goals is what’s important.

 

  • Figure Out What Your Morals, Principles, and Values Are – No one can make good choices in life about anything if they have no idea what guides them. When you know who you are deep down, you don’t need any outside forces to guide you. Try writing a mission statement for your life and your business to help set up that guide.

 

  • Summarize What You Want – Take the time to go through the eight areas of life “The Areas of Life You Need to Design for Success” that you need to design and write a summary of the ultimate end goal that you want to achieve in each of the areas. As you develop your goals, you may need to get more in-depth with each area for the goal to be well thought out with steps set up for achievement.

 

  • Set Realistic Goals – Based on what you want from life, set goals using the SMART Goal setting technique. Each of your goals must be specific, measurable, attainable, realistic, and time-bound. Instead of something like “I want to get rich and retire,” you will explain what this means. “I will have 2.5 million saved by the time I am 45 years old. I will do this by saving a specific amount each month that I earn by doing a specific thing each day.” Write it out exactly as you will do it.

 

  • Figure Out What You Have – Develop a resource list of all the resources you have as they’re related to each of your goals. For example, if one of your goals is to be fit and healthy at 80, what steps are necessary to be more likely to experience success with that goal? Probably time for self-care, money for regular health care appointments, funds for dental work, gym membership – whatever it is that you have that will help you succeed, list it. It may be a person, place, or thing that is the resource, or it may just be a skill you possess.

 

  • Figure Out What You Need – As you determine what resources you need to achieve each goal, you’re going to realize that you already have some of the resources but that you don’t have some of the others. When you identify the resources you need that you don’t have, it’s time for you to search for them either by paying for them, outsourcing, or creating them.

 

  • Create a Resource List Associated with Your Goals – Now that you know what you have and what you need, make a resource list. Define what you have, what you need, and the budget for the things you need to pay for. For example, there is a budget associated with healthcare, groceries, and the like. There is also a monetary number associated with every single thing on your resource list. And remember, time is money.

 

  • Set Your Daily Schedule for Success – Once you know what you want to do and have identified the resources to get you there, it’s time to set up your daily schedule for achieving the goals you’ve set. If you have more time available due to more resources, you’ll experience success faster, but even if you take twice as long, you will make it if you set it up and follow your plan.

 

  • Evaluate Regularly – As you age, you’re going to change. Those changes will be more than physical they will be mental, emotional, and spiritual. You cannot even imagine the type of changes you’re going to experience in the next 20 to 30 years of your life. Due to this fact, take the time to evaluate your plan regularly to ensure you’re on the right path that makes you feel happy about your life.

 

Designing a life that works for you and gives you the balance you want in terms of work-life balance requires that you first accept the truth of where you are, what you have to work with, and where you want to go. It might take you longer than someone born on third base, but you can still accomplish whatever you set your mind to if you understand what it takes to achieve the results you desire.

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

 

https://flawlessfreedom.com

 

 

 

 

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Why You’re Not Alone Even When You’re a Sole Proprietor

While exciting, starting a business can be lonely. This is especially true for small business owners who traditionally start “home” businesses that they plan to run independently. But the exciting thing about this is that today you’re not alone even as a sole proprietor because today, there are many resources that you can tap into right from the comfort of your home via your computer.

 

Take a Class

online class

If you need to know something to help improve your business or life, taking a class is a great way to do it. Participating in the class with the other students and the instructor is also a great way to network with other like-minded people. Most of the time, the people taking the course and you will have something in common if only the reason for taking the class.

 

Join a Mastermind

 

If you need motivation, sometimes a mastermind group is the way to go. Not only will you be able to network with others, but you’ll learn something and potentially acquire a new resource to use to meet your goals.

 

Find Your Community

 

There is a community out there for you to join as a solopreneur that can help you learn, socialize, and grow your business. It may be local to you, or it might be online via a forum, message board, or private group on Facebook or another platform.

 

Build Your Team

 

Just because you are a solopreneur doesn’t mean you have to do everything. To acquire a skill (a resource) fast, pay for it. For example, if you don’t have financial knowledge, you may want to hire a CPA to guide you, or if you lack time to provide the proper customer care, you may want to employ a customer service expert or pay for a chatbot to help.

 

Find a Coworking Community

Why Every Business Needs a Business Plan

Locally to you, there are probably coworking communities already working together and helping each other grow. You can also find coworking communities online too through groups and forums. It can be very motivating working alongside other movers and shakers. Plus, once again, through networking, you may be able to fill your need for a particular resource based on your list.

 

Go to Live Events

 

An enjoyable and lucrative way to avoid being alone is to go to live events. Live events will stand out for you as a networking tool that will introduce you to new people to fulfill your resource list.

 

Connect with Your Customer

 

Also, don’t forget that you have customers, or you will once you start your business. You can connect with them on many levels. For example, use your hobbies and interests to build rapport when you can tie them to your business and work. Your customers are essential, and the more you can get to know them, the better.

 

As you can see, you’re never alone. As the owner of your business, it’s up to you to fill all your needs, but you don’t need to do it alone. You can network and build your team and remember to delegate and outsource so that you aren’t doing it all alone.

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

https://flawlessfreedom.com

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What Resources Do I Need to Live the Good Life?

As you plan your future business and get ready to create your business plan, you need to understand what resources you need to live the good life you want. You don’t want your business to interfere with it. In fact, you want your business to provide the good life you want. It’s not an either-or choice if you think about all this in advance.

believe

What is a resource? A resource can be either internal or external. For example, you have internal resources such as your own knowledge, skills, qualities, habits, techniques, your own funds, and things you’ve learned over time. External sources may include your access to people in the know, books, software, funds, and so forth.

 

When you look at your vision board and the goals you’ve set for each of the eight areas of life, what resources do you really need? Some resources you come across will be required, and some will be desired but not out and out required.

 

Let’s remember the eight areas of life and show an example of the possible resources you need for each area. I included some ideas for you to get you started. This is not comprehensive because it’s hard to know what any one person may have or need as this is very individual, so try to answer this for yourself using the example.

 

Career and Business

 

Resources I have:

  • Coaching Certification
  • Time Management Skills
  • Networking Skills
  • Writing Skills
  • Computer
  • Coaching Software
  • Online Communities
  • Mastermind Group
  • $5000 Start-Up Funding

 

Resources I need:

  • Programming Skills
  • Email Marketing Software
  • A Website
  • An Office Space
  • Clients

 

Health and Fitness

 

Resources I have:

  • A Good Mindset
  • Gym Membership
  • Good Shoes
  • My Best Friend (Motivation)
  • $400 Monthly Budget

 

Resources I need:

  • Medical Insurance
  • Regular Dental Care
  • Healthy Grocery Budget
  • Full House Water Filter

 

Relationships and Social Life

 

Resources I have:

  • A supportive spouse
  • Three great kids
  • Backyard Pool
  • A Healthy Outlook
  • Good Communication Skills

 

Resources I need:

  • Bigger Dining Room Table
  • A Vacation Home
  • Time

 

Finances

 

Resources I have:

  • $5000 Startup Cash
  • A Business Idea
  • A Personal Budget

 

Resources I need:

  • Bookkeeping Software
  • A CPA
  • A Business Plan
  • A Retirement Plan

 

Personal and Spiritual Development

 

Resources I have:

  • My church
  • My book club group
  • My community
  • My health

 

Resources I need:

  • Books
  • Counselor
  • Like-Minded People

 

Hobbies and Fun

 

Add what you have and what you need to ensure you can do your hobbies and have fun.

 

Home and Environment

 

What do you have already that makes your home environment the way you want it, and what do you need to improve it based on your lifestyle goals?

 

Community Involvement

 

The same thing goes here, list all the resources you have and that you need to achieve the results you desire.

 

Some of the resources you need you may not have yet, or you may not even be sure what they are yet, but as you move along, you’ll discover what is needed, and you can add those to the list of resources you need. Make sure you create your resource list based on what you have available first and then what you need to acquire for each of the areas of life you want to design and improve.

 

Understanding exactly what you need for success in each of the eight areas of life will help you ensure that you are working toward your goal in a way that makes it possible to succeed. If you don’t have the resource yet, you can use the information you’re gathering to set up a plan to get those resources.

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

https://flawlessfreedom.com

 

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Why Every Business Needs a Business Plan

It’s not that unusual for some people to start a side gig without any notion of what they’re doing, including a business plan. They just notice something they like doing and do it and start earning money. But understand that you’re much more likely to experience success if you create a business plan.

setting goal

To Show That Your Business is Possible

 

You may think you have a great idea to make widgets for the masses, but only through research can you ensure that your idea is possible. When you study all aspects of your market, you can avoid the mistake of starting a business with no chance.

 

Just because you think your idea is a good one doesn’t mean it is. You’re not your market even if you think you are. There may indeed be ten people who need your widget but are there enough people to support you as you need to be supported?

 

To Understand Your Competition

 

One really cool fact about discovering your competition is that competition proves your idea is a good one. If there are no competitors, this is not necessarily a good thing. It’s hard being the first to market with a new idea. In fact, it can be costly to be first.

 

If you study businesses, you’ll note that it’s not always the first to market that makes it. It’s often the copycats that come later that truly make it work after a known market for the product. You can use your competition to avoid mistakes as well as find your audience.

 

To Know Your Customer Better

 

When you develop your business plan, it forces you to find out not only who your exact ideal customer is, but where they are, what they need, and how you can best communicate with them about their problems.

 

When you really know who your customer is, you can create marketing and advertising content that is more effective as well as create better solutions for them too. Study the customer through their buying journey to ensure you know exactly who they are and how they make decisions.

 

To Document Your Revenue Model

 

The thing about business is that it’s supposed to earn money. Therefore, part of creating your business plan is to ensure that the business idea you are going with can possibly earn enough money for your intended lifestyle and purposes but also what type of accounting you’re going to need.

 

Most small businesses are relatively simple to set up, but you really need to understand how to keep track legally so that you don’t pay one more penny in taxes and fees than you need to. You’ll need to know how you’ll collect the money, what happens after you collect it, and follow all the rules and regulations based on the type of business entity you choose.

 

To Reduce Risk and Judge Potential Success

 

When you put everything down on paper, from how you’ll set up your bookkeeping to how you’ll process each customer’s order, it’s a lot simpler to figure out if success is possible. You’ll definitely reduce risk by setting up everything in advance of starting. When you can see how the process works, from attracting a customer to converting a customer to serving a customer, you can fix any problems before they start, ensuring your success.

 

To Develop an Operation Roadmap

 

When you create your full business plan, you will also create a how to do everything you need to run your business step by step process. For example, if you’re starting a reselling business on Poshmark.com, you’re going to need to figure out your process for purchasing, a purchase price point, a markup formula, and also cleaning, packing, photographing, and posting procedures. Everything that needs to be done needs a step by step plan written out.

 

To Reorganize During a Crisis

 

Sometimes a business plan can also help you get through a crisis. If you write your business plan right, you’ll know your break-even point, the minimal resources you need to make it work, and so forth. This information will make it simpler for you to figure out what to do if business slows due to outside reasons such as health or political turmoil. Everything is taken into consideration while developing the business plan.

 

To Develop and Document Your Marketing Plan

 

The business plan covers everything you need to do to actually do your business with your customers, including how you’ll get the word out. The marketing plan is an essential part of your business plan that will help ensure your success.

 

To Forecast Business Needs

 

As you develop your business plan, you should end up with a list of resources, staff, money, equipment, software, and so forth that you need to be successful. You’ll know exactly what you want and need and how much it’s going to cost you. Even if you note things that you cannot afford right now, you can set up a plan to get around it until you can afford it.

To Highlight New Opportunities

 

As you are creating your business plan and going through each of the steps and areas of the business plan, the brainstorming gives ideas for more products and services aligned with what you’re planning to offer. These new opportunities can help you grow your business bigger and better than you may have thought to start with.

7 Easy Steps to Start an Online Business

To Set Up Your Daily Tasks

The business plan is so robust that you can use it to set up each day full of tasks that build results. You should come up with due dates, timelines, and more with your business plan so that you can insert the tasks into your calendar.

 

Many small business owners think they don’t need a business plan because they aren’t going to borrow money from a bank. However, the business plan helps you set up your business in an organized way to work step by step on building your business.

 

 

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

 

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