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Critical Elements of Your Written Business Plan – The Sections (Part 2)

By: Yvonne A Jones Category: Business - Entrepreneur, online business, Uncategorized

The first part of your business plan takes into consideration your target audience, what they expect, and how the product or service you will be providing will meet or exceed their needs and expectations. 

The following sections will apply across the board, but keep in mind that if your audience includes investors, venture firms, and or banks, your business plan would be much more detailed.  These are ‘bare bones’ guidelines written with the entrepreneur, solo-professional, or small business owner who needs to have a written business plan to serve as a guide or track to run on.

 When organizing a business plan, break it down into sections such as:-

 1.  Business summary – The product or service you will provide.  What you will have to offer must be clearly defined.  Imagine that a stranger is reading your document.  By the end of the first paragraph your reader must clearly understand whether you will be (more…)

Critical Elements of Your Written Business Plan – Part 1

By: Yvonne A Jones Category: Business - Entrepreneur, online business

If You Don’t Know Who Your Target Audience is, You Cannot Serve Them Effectively.

The first step in creating a Business Plan is to identify who your “target market,” “target audience,” or “ideal client” is.

This is a critical first step.  By starting a business online you have become an online marketer.  Whether you’re selling a service or products you will be in the business of marketing.  It therefore means that your marketing message must be crafted to attract and meet the needs of your particular audience, in order to produce effective results.

If you attempt to target everyone, you’ll probably have very little impact on anyone as your message and methods of delivery will be diluted.  Your message must educate your audience or market on how your product/s or services will meet or exceed their expectations.  They need to know how they will benefit by (more…)

Start Your Online Business with a Written Business Plan

By: Yvonne A Jones Category: Uncategorized

“If you fail to plan, you plan to fail.”

The above quote may be regarded by some as a cliché, but it is also a very true statement.

You’ve decided to start your own online business and may fall into one of these categories:

  • You’re brand new to starting a business
  • You’re brand new to starting on online business
  • You have an offline business but want to build an online presence in order to attract more clients or customers

What You Have in Common

The common denominator  for all three groups is that in order to reach your goals and experience success, you must have a plan in writing (more…)