| You want to start up a business as fast as you can | | | | Are you looking to start a second income business |
| because that great idea is burning a hole in your mind | | | | with under a thousand dollars investment and still |
| right? But, you've been told you need to do a plan and | | | | remain working in a full time job? |
| that sounds painful. | | | | This is a low RISK venture, meaning you still need a |
| You've probably even seen a plan template and had a | | | | plan, but you don't need anywhere as much detail. |
| little freak out at the amount of information you | | | | So here they are, the 2 small business planning |
| needed for it. | | | | secrets: |
| Well I'm going to share with you a small business | | | | 1. Do as much planning as you need to manage the |
| secret that top entrepreneurs already use. | | | | risk. |
| Obviously I don't need to tell you that planning is good. | | | | 2. Review your business plan every 2 months |
| I'm a fully qualified PMP project manager and previous | | | | Business plans are not set in stone. If you start a basic |
| experience has taught me that poorly planned things | | | | business plan and find your business developing quickly, |
| go, well, poorly. | | | | add more detail to the plan. More growth, more risk, |
| However there is a secret simple formula that tells you | | | | more planning. |
| exactly how much planning you actually need. | | | | To ensure that you stay on top of things proactively |
| To answer that let's ask ourselves a few questions? | | | | review your business plan every 2 months. An easy to |
| Are we quitting our jobs, borrowing thousands and | | | | read business plan can be reviewed and edited in |
| looking at a long time to market our service or | | | | fewer than 5 mins. There is no excuse for not |
| project? | | | | revisiting your business plan. |
| If you answered yes, your taking on a lot of what we | | | | If you're an entrepreneur you don't want to waste |
| project managers call RISK. The more risky the | | | | valuable time working on a highly detailed business plan |
| business ventures the more detailed your business | | | | for a low risk venture. You want make the best |
| plan should be. This ensures you're not flying by the | | | | possible use of your time. Are you making the best |
| seat of your pants into certain doom. | | | | use of your time? |