Business Planning

Mission Statement is done, target niche has been defined, now we are going to look at start up costs and commissions.

Your business plan helps you to set clear idea of where you and your online business are heading and achieving your goals.

Because you are creating a business plan that continues to evolve you need to keep monitoring it to make sure you are staying on track. After all, all businesses need a plan regardless of the size of your business.

What can having a live business plan do for you?

A living business plan helps you to have a clear idea and highlight opportunities:

  • expenses that you incur on a regular basis
  • where you want to go in the future - your vision
  • decide what suits you and your lifestyle
  • find your current business skills and identify any gaps in your skills set
  • find opportunities that can help you reach your goals
  • using your time efficiently
  • to make informed decisions that may support your vision




Join the Discussion
Write something…
Recent messages
anjumshahlla Premium
Thank you for the useful tips.

Lots of love and prayers,
Shahlla
Reply
YvonneBray Premium
Thank you for stopping by Shahlia
Reply
SylviaChrist Premium
Thank you very much, Yvonne. Great training! And so true. I am quite lazy to write a business plan and to stick to it. But it is really important!
Reply
YvonneBray Premium
Thank you, Sylvia, for responding. I feel a costing should be done so you can budget for the following year. Not only that when you start to make money you can then claim back through tax what you have spent running a business from home.
Reply
SylviaChrist Premium
I think you do really great! Thank you so much!
Reply
YvonneBray Premium
Your welcome Sylvia, it's a guideline and not the be end all.
Reply
Isaiah14 Premium
Very helpful and concise business plan to assist me in getting started 👍

Thanks Yvonne
Reply
YvonneBray Premium
Thank you Isaish, I'm happy you have found it useful to help you plan your budget.
Reply
Parameter Premium
Thank you for the highlights on business start-up cost. I really find this list helpful

Ayodeji
Reply
YvonneBray Premium
Thank you Ayodeji for stopping by. I'm glad you find this sample of a budget-helpful and could help you at end of Tax time when you earn lots of money.
Reply
LLettau1 Premium Plus
Behind most successful business person lies a concise business plan. Thanks so much for sharing.
Reply
YvonneBray Premium
Thank you for stopping by. I agree it's essential to have a good business plan in place that you can adjust, that's why I call it a living one.
Reply
Top