By Connie D at October 31 2019 06:35:54
Do not try to write your business plan in one sitting. As I mentioned in the beginning, for a traditional brick and mortar business, it could take in excess of 100 hours to compile all of the information needed into a comprehensive but yet understandable document. For online businesses, probably not that long. But your final product should be well thought out, well documented and easily understandable.
It's like planning backwards. 1. Determine what you want in life 2. Figure out what your business would need to do to give you that life. 3. Figure out how long it would take you to reach it. 4. Figure out how big of a market it would take each of the years you're planning for. 5. Then see if that market is big enough. Isn't this a much better way to go about planning your business? Shouldn't your business be designed to give you want you want instead of you working yourself to death just hoping for the best? So how would you go about calculating all this?