You need a plan for your business Conventional wisdom would have us believe that a business plan needs to consist of 30 pages complete with bar graphs and pivot tables. But as many entrepreneurs juggle full time day jobs and family commitments alongside their side projects, getting to revenue as quickly as possible might be the difference between staying the course and giving up.
One Page Project Planner While I still use these simple business plan outline example for new projects, I've moved back to long-form planning for my bigger blogs.
And in talking to other bloggers I realized that having a blog business plan seemed to be an exception rather than a rule. That seems silly to me given how many bloggers are hoping to make money blogging, and how few actually do. If you want it to work for you like a business, then you have to treat your blog like a business.
That includes having a blog business plan in place. I'm hoping to help you create one. What a Blog Business Plan Should Include A blog business plan should include much of the same information as a business plan for a traditional small business.
But it can help to look at some of the sections a bit differently. Here's a list of what you might want to include -- finding your own balance between formal structures and a casual short-form plan.
Introduction This is often called an "executive summary," but just think of it as an intro to your plan for the year. It should be the last thing you write because you'll need some of the information you come up with for later sections. Background In this section you'll offer basic background information about your blog.
For example, you'll note whether you work as a sole proprietor, an LLC, or corporation and you might want to note your reasons for that choice in case you want to reevaluate it later. You'd mention when the blog was launched, what the niche focus is, how many bloggers contribute and a bit about their backgroundand other tid bits that might prove useful in planning or evaluations.
You would also include information on your own background -- such as past blogging experience or credentials in the niche of your blog.
Revenue Streams You don't necessarily have a product or service to sell like a traditional small business owner would. Here are a few examples to point you in the right direction: This section could also include the " 4 Ps of Marketing " in a general way where appropriate.
Market Research In this section you'll talk about your competitive position in the market. For example, you'll post statistics that show a market actually exists for your blog's specialty.
You'll also identify major competitors and your strengths and weaknesses in comparison to them. Goals, Strategies, and Tactics This is largely the marketing plan portion of your blog business plan alongside your market research. Financials In this final section of your blog business plan, you'll cover your financial plans.
For example, you might set your budget for hosting, domain renewals, Web design work, advertising, file hosting for e-book sales, payments to blog contributors, or payment processor fees on the payments you receive. You'll also include financial projections noting how much you intend to earn over the year and you can stretch that into year projections if you want to.
These are some of the bare bone basics you'll want to include in a blog business plan of your own. Need some additional help? Download my free blog business plan template to help you plan and build a more successful, income-generating blog.
This post was originally published on December 12, Content was updated and it was re-featured on its currently-listed publication date.
The following two tabs change content below.Plans do not have to be that complicated for your business using this Simple Business Plan r-bridal.com and edit this page document with your favorite software application that is compatible with file formats for MS Word or Pages.
A Remarkably Simple Business Plan. the idea of a “business plan” sort of made me gag. The traditional books for small business (the best one, IMO, Advertising could be split differently than fees for services, for example. Blah blah blah.
Blah blah blah. Blah blah blah. Blah blah blah. Blah blah blah. Free Business Plan Template. 1. Executive Summary [BUSINESS NAME] [ADDRESS] [PHONE] The Executive Summary is where you explain the general idea behind your company; it’s where you give the reader (most likely an investor, or someone else you need on board) a clear indication of why you’ve sent this Business Plan to them.
Use this free template to help you write a great plan for launching your new business.
|The SIMPLE One-Page Business Plan - Template | Michael Nichols||Where to Find a Business Plan Growthink. In addition to that, it has helpful tools and know-how for managing your business.|
|Business Plan Document Template Word Simple||Here are seven simple steps to getting your plan done. Make sure you also review samples of business plans and compare them to your list of small business ideas or strategies for a best-fit plan for your operation.|
A business plan helps you set goals for your business, and plan how you’re going to reach them. When you’re starting out it’s a good idea to do a full and thorough business plan. The business was formed on August 1, , and serves the local market of the town of Mt.
Pleasant. The company expects to attain significant market share of college age students and young professionals looking to appear fresh and stylish. Download my free blog business plan template to help you plan and build a more successful, income-generating blog.
Note: This post was originally published on December 12, Content was updated and it was re-featured on its currently-listed publication date.