Thread by @cleo_global

HOW TO WRITE AND BUILD AN EXECUTIVE BUSINESS PLAN

A THREAD!

If you are a seasoned business veteran, you understand the importance of having a BUSINESS PLAN, a strategy you follow. You may have a great product or service, but without a transpicuous plan, failure is inevitable.

This is where having a plan comes in. Wasting time is obviously bad for business, and working too many unneeded hours is counterproductive if you are committed to living a lifestyle (vs. the dreaded workstyle).

A great way to stay ―on point‖ in your business is to develop and follow a plan.

Some people—like me—prefer a pretty basic, simple plan. Others, who are more analytical, will lean towards a detailed strategic plan. Either way, I encourage you to create a plan to follow.

There are a million different plans you might create. Through my coaching, I have designed, created, and critiqued hundreds of plans. In my opinion, every plan should include the following elements:

1. The mission of your business: why does your business exist?
2. The vision of your business: where is your business going? What impact will it make?
3. Your values: what do you stand for?
4. A business profile: what are your basic products and services?

Next, you want to create short-term (1-year) goals and longer-term (3.-year) goals, along with a strategy in each of these areas:
1. Management & administration: will you need to hire any team members? An assistant? Define the job description & goals of each team member.

2. Outsourcing: what tasks will you outsource? If you hire an admin person, will this person be a virtual assistant (VA), a remotely-located assistant? Will you outsource web design? Social media expert? Copywriter?

3. Customer service: what kind of service are you committed to? How will you achieve it?

4. Business planning: how often will you review your plan? Monthly? Quarterly? What is your method for you re-assessing your goals if necessary?

5. Bookkeeping/accounting: how will you monitor your income, expenses, profit and losses, and so forth? Will you need to an accountant? Do you need to incorporate your business?

6. Technology: who will manage your database? How will you ensure you are on the cutting edge of technology?

7. Products and services: here, give a detailed breakdown of all that you offer now, and what you plan to offer in one year and in three years

8. Marketing: this is a critical section in which you include your plan to market and sell your products

9. Affiliate marketing: what is your plan for affiliate marketing? How many affiliates do you ideally want out there promoting your products?

10. Social media: what is your plan to create a presence on social sites? Will you have a Facebook business page? Will you create a YouTube channel? How many Twitter followers do you want? What other sites will you target?

11. Income projections: break down your desired income by month and product sales.

12. Expenses: what will it cost you to run your business?

ANY QUESTION?

I'LL ANSWER THEM ALL HERE AND NOW!

We learn all these on the GIANT MINDS MASTERCLASS on TELEGRAM

Need the LINK? DM ME!