A business plan doesn’t have to be complex or 20+pages long especially if you are just starting out, it can be a Basic plan with basic components; balance sheet, an income statement, and a cash flow analysis.
It will help you allocate resources properly, handle unforeseen complications, and make the right decisions for you and your business.
This information is crucial for your business because it provides specific and organized information about your company and how you will repay any borrowed money. And more importantly, having a good business plan will help your overall success for you and your business.
A business plan will also help you if you are thinking of adding on a sales team, VA’s, vendors, suppliers, or operations team, but it will help you define and focus on your goals.
Remember your business is your “Baby” and having a plan on how to care for your “Baby” is going to be so important and crucial for the overall growth of your “Baby”, right? You have to teach your baby how to “Crawl before they Walk, and before they Run”…
So, now that we got the “411” out of the way, let me tell you that everything that I share with you is based on “Real Life” experiences, knowledge, trial/error, research and development and I share with you ONLY things that I’ve invested in and proven methods.
Having said that, you can choose to spend the Time & Money in doing your research, or contracting another “Coach” to create the plan for your business, or you can invest in my DIY that includes a Step-by-Step process and plan that I’ve used for my business.
I spent over $5k on this plan, but I share it with you because I know how expensive starting and growing a business can be and I wish I had this same benefit back when I started my business, but I didn’t!
Did you know that A business plan varies quite a bit and Consultants can charge around $3,000 to $15,000 for a complete business plan? For larger corporate projects, expect to see costs ranging from $25,000 to $50,000 – YES!!!
And these plans usually don’t include your Sales & Marketing, Strategic Planning, HR, Operations, etc…these are all sold separately but are so IMPORTANT if you want to run a successful business!
Let me tell you that I spent over $30k just on plans, handbooks, manuals, etc but they played a key role in my growth and success with my business, more importantly, they helped me get the 6-figure contracts and expansion.