Business Planning 101 for Online Entrepreneurs - Ep. 138- w/Michele Davis

Send a textImagine driving cross-country with no map and relying solely on directions from other people online to get to your destination? Would you still take the trip?While the thought of taking a long-distance trip with no map or GPS sounds crazy, so many people take this approach when starting a coaching or consulting business. Not taking the time to create a business plan is probably one of the most costly mistakes an entrepreneur can make.  Regardless of whether you are starting an online or a brick-and-mortar business, you need a business plan.  You can easily waste money and precious time targeting the wrong audience, launching failed marketing campaigns, underestimating the cost of starting and operating business, and simply spinning your wheels if you don't have a business plan. Your business plan doesn't have to be a novel.  My first business plan was a one-page document. Sure, anyone can start a business and sort of learn as they go. However, you may want to Google the business failure rate for coaching and consulting businesses and  determine if you still think that's a good idea. Why not increase the likelihood of you succeeding as an entrepreneur by simply writing a business plan?  So if you are wondering what to include in your business plan, don't worry. I break everything down in this episode. So, grab your notepad, and tune in to map out your business plan. Da Boss Experience Podcast is a guide to building the online business and life of your dreams!  So don't forget to subscribe and check out the resources provided in the description below to help you on your entrepreneurial journey! About the Host. Michele Davis is host of Da Boss Experience. A podcast helping women turn their expertise into an online coaching business that replaces their 9-to-5 income. If you're thinking about starting a coaching business, be sure to watch a free, short video Michele put together that walks you through 3 things you can implement today that'll help you to start and grow a profitable online coaching business.  ceoblueprintacademy.com.Advertise On Da Boss Experience - https://bit.ly/podcastepisodesponsor#startabusiness #entrepreneur #businesssuccess #businesspodcast #femaleentrepreneurs #businessplanning #businessplan Support the showLet me know what you think about this episode. You can send me an email or message me using the contact info below: Michele On Facebook: https://www.facebook.com/micheledavisnycMichele On Instagram: https://www.instagram.com/micheledavisnycMichele On LinkedIn: https://www.linkedin.com/in/micheledavisnycEmail: [email protected] Thanks for listening. Don't forget to leave a review!