Looking for a simple business plan? Try the 5Ps. It’s an easy framework to think about your business and grow it.
Purpose, Problems, People, Plans and Pay-off.
Fist things first, you need to get the right tools in place i.e. banking, accounting and tax.
Why does your business exist? Write it down. For example, at Countingup our mission is to relentlessly make it easier to run a small business. What’s yours?
List two or three bullets on what are the biggest challenges your new business is facing? What are the holes? Where are you weak?
List two or three bullets on people you need to help you. They may be contractors, freelancers, employees or investors. It may be a service you need from someone such as a website designer or an accountant. Who are the key people you need to help you right now and why?
List two or three bullets on what your top priorities are. What is important? What is urgent? Do you need to hire? Do you need to build a product? Do you need to get customers? Set out your priorities.
List two or three bullets on why you are starting a business. Do you want more flexibility or more time? To earn a living? To become a millionaire? What’s the pay off for you?