Today, I’m asking the question, what’s your business plan?
If you’re an entrepreneur, and you want to reach your objectives, you need a plan – and you need to work it!
Let’s rewind the clock a few years, back to the moment I believe was a key turning point in my business.
Up until then, things were going “okay” in my business. Honestly, as an entrepreneur, I was coasting. I knew I really needed to step it up, so I attended a conference.
The conference leader asked each attendee what we wanted to get from the business conference. When it was my turn with the mic, I described what I wanted and went to hand the mic to the next person … but something made me pull it back.
I suddenly found myself explaining my situation to a room full of 200 people! I talked about how I was working so hard, such long hours, trying lots of things, and how I still didn’t feel like everything was coming together.
The leader asked me: So what’s going on? Is it that your business plan isn’t working, or you’re not working the plan?
It was a blinding flash of obvious for me.
What business plan??
These questions stopped me in my tracks.
I realized I had resisted setting goals. I’d say things like, “I just want to do stuff and let my business grow organically.”
The truth is, I had resisted setting goals and following a set plan because I was scared. I didn’t want to run the risk of setting a goal, putting myself out there, and failing.
But from that point on, I understood the importance of having a plan, to get me from where I was to where I really wanted to be.
There’s a great quote from Napoleon Hill that goes like this:
“Knowledge will not attract money unless it is organized and intelligently directed through practical plans of action.”
How to Build Your Business Plan
So my message for you today is this: 1. First you need to get a plan, and then 2. you need to work it.
The problem with Step 1 – getting the plan – is that there’s so much information, so many distractions, so much tactical advice out there. So how do you get one?
Get started by figuring out the amount of money you want to generate over the next 12 months. I’m talking gross revenue. Sit down and calculate how that revenue is going to come in. Consider customers and price points, and reverse engineer what you need to do to bring in the revenue you want to bring in. After that, figure out how you’re going to find customers, what you need to do to get in front of them, and make your offers.
Next, work the plan.
The best way to work the plan is to find a way to be accountable. Whether you hire a coach or join a mastermind group, you need some form of accountability that requires you to report on your actions every week.
Here’s a great exercise: Make time for yourself every week. Consider it a weekly meeting. Sit down, analyze what you’ve done, the actions you’ve taken, and course correct if you need to. (By the way, course correcting is to be expected! Sometimes we can make a plan, but when we work the plan we start to recognize some of the assumptions we made aren’t true, and there are changes or tweaks we need to make. WORK the plan. Adjust it. Tweak it as necessary. It’s absolutely okay!)
Nothing can stop you from achieving your business goals and objectives when you have – and work – a plan for success.
Finally, I want to share with you the step-by-step plan used to create my first business, and that helped me turn that business into an online, multi-million-dollar business that generates income while I sleep!
Free Business Plan Webinar
Just click this link and you’ll receive my full 20-minute video – The Step-by-Step Plan to a Business & Life You Love! sharing the 6 steps in this plan! Get it now.
Then, continue the conversation below.
Do you have a business plan? How’s it going for you? Are you working it? Or are you preparing to create one?
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[spoiler]Hello, and welcome to Bernadette T.V. Online T.V. to help you be the best
you can be in your business and your life, and today we’re asking the
question, ” What’s Your Business Plan?”
I want to start by rewinding the clock a few years to a moment that I now
believe was a key turning point in my business. I just had my first child,
and up until then, things were kind of going okay in business, but
honestly, I was coasting, and I knew that I really needed to step up. So I
attended a conference and at the conference we were asked what we most
wanted to get from this business conference.
The mic got handed to me, and I described what I wanted, and then as I was
about to pass the mic over to the next person, something pulled the mike
back, and I suddenly heard myself explaining to this roomful of 200 plus
people all of my frustrations, that I was working so hard, that I had been
putting in long hours, that I had been trying lots of things, and it still
didn’t feel like everything was coming together. And the leader of the
conference asked me a question that stopped me in my tracks. He said “Well
what is actually going on for you? is it that your plan isn’t working, or
that you’re not working the plan?” And that was like a blinding flash of
the obvious to me, because I said to him “What plan?”
You see, up until then, I really resisted setting goals. I was saying
things to myself like “I just want to do stuff, and let my business grow
organically,” but the truth was, I resisted setting goals and following a
set plan, because in truth, I was scared. I didn’t want to run the risk of
setting a goal, putting myself out there and not failing. But in that
moment, I knew I needed to get a plan, and I needed to work the plan.
There’s a great quote from Napoleon Hill that goes like this “Knowledge
will not attract money unless it is organized and intelligently directed
through practical plans of action.” So my message for you today is this;
first you need to get a plan, and then you need to work a plan.
So let’s talk first of all about getting the plan. You know, one of the big
problems, especially online is that there is so much information, there is
so many distractions, there’s so much tactical advice out there, that often
we can be getting really, really busy, but we’re not actually following a
strategic plan. So i recommend you do this, first figure out what amount of
money you would like your business to generate over the next 12 months;
let’s just talk about revenue first, not profit, so what amount of income
would you like to bring into your business.
And next you want to sit down, and you want to start to calculate how is
that revenue going to come in? So you need to think about the customers you
will need to sell to, the price points that you will need to sell at, so
you can reverse engineer what you need to do. And then, after that, you can
start to figure how well how you’re going to find those customers, and what
do you need to do to get in front of them to make your offers.
The next thing you need to do is you need to work the plan, and in my mind
the best way to work the plan is to get yourself accountable, and get a
coach or get into a mastermind group, create some form of accountability
where you need to report on your actions every single week. I think a great
exercise to do is to make time for yourself every week where you have what
I call a weekly meeting, and you really sit down and you analyze what
you’ve done, what action you have taken, and you can course correct if you
need to, because sometimes we can make a plan, but when we go and work the
plan we start to recognize “Ah, there are assumptions I made that aren’t
true, or there are little changes or tweaks I need to make.”
So my advice for you this week; first of all get a plan, second go work
that plan. Go make that happen, and there’s nothing that can stop you
achieving of your business goals. Now, if you want help from me with this,
I actually have a step by step plan. It’s the step by step plan that I used
to create my first business; it’s the same step by step plan that helped me
turn that business into an online multi-million dollar business that now
generates income while I sleep, and I’d love to share this plan with you.
All you need to do is click the link below, and go over, because I have a
full 20 minute video sharing with you the six steps in this plan. So go get
that plan right now and start today.[/spoiler]