EPISODE · Oct 8, 2021 · 31 MIN
"Have A Business Plan" The Inventive Journey Podcast For Entrepreneurs w/ Alison Hulshof
from 🎙 Inventive Journey | Real Stories From the Startup Survival Club
Clearly having a business plan. And it does not have to be twenty-seven pages long but knowing where you are going to start and some goals or metrics you are going to hit. Even things like what you are going to pay yourself. Try to predict the next twelve months and check some of those things off as you go. If you miss step three or you are missing a third goal, make sure that it is not part of that critical foundation that will actually prevent you or set you up for failure in the near future. So really lay out your plan. I will ask people all the time do they have a business plan? They will say no, it's too cumbersome. I will say no, tell me where you are starting. what are you paying yourself? What is success for you? Is it revenue? Is it profit? What's that number? And How are you getting there? What are the goals you're going to hit? So keeping it simple and then trying to stay focused and hit on that track so you don't get super distracted and head in the wrong direction.
What this episode covers
Clearly having a business plan. And it does not have to be twenty-seven pages long but knowing where you are going to start and some goals or metrics you are going to hit. Even things like what you are going to pay yourself. Try to predict the next twelve months and check some of those things off as you go. If you miss step three or you are missing a third goal, make sure that it is not part of that critical foundation that will actually prevent you or set you up for failure in the near future. So really lay out your plan. I will ask people all the time do they have a business plan? They will say no, it's too cumbersome. I will say no, tell me where you are starting. what are you paying yourself? What is success for you? Is it revenue? Is it profit? What's that number? And How are you getting there? What are the goals you're going to hit? So keeping it simple and then trying to stay focused and hit on that track so you don't get super distracted and head in the wrong direction.
NOW PLAYING
"Have A Business Plan" The Inventive Journey Podcast For Entrepreneurs w/ Alison Hulshof
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.