Step 1: Executive Summary What is an Executive Summary? Alright, so first things first, the executive summary is like the trailer for your business plan. It’s the first thing lenders are gonna read, and it should give them a good vibe about your business. Basically, it should summarize the key points of your entire plan. […]
Step 1: Research Your Market Understanding Your Audience When I first started my business, I realized that fundamental to my success was understanding who my audience was. This isn’t just about demographics like age or income; it’s about their wants, needs, and pain points. I recommend doing some surveys or interviews. Trust me, actually talking
Step 1: Define Your Services Identify What You Can Offer When I first started my virtual assistant business, I took a long, hard look at my skills and experiences. What can I offer that sets me apart? Think about what tasks you enjoy, like email management, social media, or bookkeeping. Take this step seriously; your
Step 1: Define Your Vision and Mission Crafting a Clear Vision Statement Defining your vision is like laying down the first brick of your entrepreneurial journey. A clear vision statement describes what you want your business to achieve in the long run. Picture where you want to be in five or ten years — what
Step 1: Define Your Vision and Mission The Importance of Vision When I first set out on my entrepreneurial journey, I had this broad idea of what success looked like. My vision was my North Star, guiding every decision. It’s crucial to articulate that vision clearly. This isn’t just about profits; it’s about what you