[Building Your Business] – Why You Need a Million Dollar Plan for a Million Dollar Business
3 Things Your Business Plan Must Have
Businesses of every type need a business plan. But they don’t have to cost a million dollars. They just have to be SMART Plans that create Millions of dollars. Here are three steps to follow to create your own business plan.
In our free, one-hour webinar, “Why You Need a Million Dollar Plan for a Million Dollar Business,” we’ll teach you how to do SMART Planning so you can reach your Million Dollar Business Goals. Plus, if you want to get to an even higher level you can use this SMART Planning System to get there, too.
First Step, Focus.
When you create a business plan you need to focus on the reasons for the business: Who do you want to serve? What do you provide? What problem do you solve? Who do you solve the problem for – in other words, who is Your Tribe/Your People? What is your business model? What is your passion about this business? What are your core values that will drive how you make decisions? How will you meld all these things together to create a prosperous business?
These are the primary reasons why you’re in business and they should always be at the forefront of your mind when making decisions.
Something else to focus on is your big dream. How much money do you want to make over the next 5 years? Do you want to sell multiple products or have several locations? Everyone’s big dream will be different, but you should write it down as part of the plan.
Second Step, A Plan.
Think of your business plan as a mountain. Your mission statement is at the base of the mountain while your big dream is at the peak. Everything in between is what you need to plan, and these steps should also be incorporated into a business plan. The plan will be your roadmap as you climb the mountain toward your big dream.
What products/services do you want to create? How often do you want to produce a product/service? How can you implement some passive income or additional revenue streams into your business? What can you put in your plan that will expand your reach and your followers? What can you add to your sales funnel for those not yet ready to commit to coaching?
You’ll need to create a plan with marketing and sales steps that you can test until you find a proven process to grow your business. It will be unique to you and your business, but over time you will find what works and have a rock-solid process that will be like a spigot for generating revenue – turn it on when you need more business and turn it down when you need to level out.
Third Step, Action Steps.
This is where your planning steps are broken down into smaller, actionable steps. For example, are you bringing out new products, extending product lines or just tightening up operations to extract more profits? These are actionable steps that need a strategy but can easily be crossed off your to-do list once completed.
If you can’t plan out for a year, plan for six months or a quarter. The idea here is to have your tasks lined up and your goal clear, so you know what to do to be productive every moment of the day.
If this seems like a daunting task, join me on my free, one-hour webinar, “Why You Need a Million Dollar Plan for a Million Dollar Business.”
We will discuss the importance of breaking down your tasks for more effective productivity as well as how to take ACTION, which is imperative to reach any goal.
Hope to see you on [March 4th at 4:00 pm Eastern]! Save your spot here.