Creating your small business plan.
Small business plans usually start at a dining room table or a coffee shop setting. How do we know this? We started our businesses these very similar ways. Your idea is very important and interesting. We want to share with you on this page of our website a detailed way you can create a professional yet simple business plan. There is no room for error in this stage of the game with your new idea so we will get right to the point.
6 Steps to Success
Draw your business plan on paper or tablet.
Map it out with a system called business mapping.
Business mapping is designed to project a necessary picture of where you want to start and where you need to be in order to start your business on the right track.
We like to start with a list of things that you will need to start your business on paper or a digital tablet type device. List all of the items down to supplies needed if you were to open your doors tomorrow. Picture yourself operating helping other people. Could you start today? These items include but are not limited to cashflow, place of operation, goals necessary to achieve for startup, business documentation such as licensing etc.
Business mapping is like goal setting but with a map style sketch created.
Drawing where you are now and where you want to be in the next few weeks or months is a crucial part of mapping. Without a clear picture of your progress and achievements your new business will struggle getting off of the ground. Do not skip steps in the process of mapping your goals and tasks. These are vital and will determine your success!
Figure the financial costs it will take to start your business.
Count the cost of your new business.
For Example: If you are starting a lawn care business, you will need to figure out the cost of goods in order to literally show up at a house and manicure the yard.
Having started a lawn care business years ago, we are privy to the costs involved.
Here is an example below of Lawn Care Startup Financial Costs
Lawn Mower (Decent for Longterm Use) - $500-1,000.00
Edger - $185-$300.00
Small Truck or Vehicle with Trailer - $4,000 - $7,000.00 for higher mileage but clean vehicle
Blower - $150-$250.00
Gas, Edging Wire, Garbage Cans (3) - $200.00
Business Cards - $85.00
License, & Insurance - $800.00 Average
MISC Office Supplies - $50.00-$100.00
Computer / Printer - $400.00-$600.00
Total Amount for this new Startup $6,500.00 - $10,000.00
This depends on if you already own a vehicle, lawn equipment, and have supplies.
You may only have to invest $1,000.00 or so. But you get the idea!
Create a Calendar Task List
Plan Tasks are vital and should be in a good order.
For instance, let's say you need to file and register your business name online or at the city hall of your town. Schedule part of a day to accomplish this task. If you need to go get supplies and order crucial advertising elements, make sure you add these to your calendar app or pc schedular.
Make sure you budget for any additional costs beyond your normal financial obligations.
It is a rule of thumb to save an extra 20%+ for every income source you acquire.
This ensures that you do not go into debt trying to start your own business.
If this means that you need to wait to start your business operations for 3-6 months, it will be rewarding for you knowing that you paid for your expenses and requirements ahead of the opening date.
Create Advertising Campaign
Advertising Campaigns are crucial to share your new business with everyone!
You may be surprised that you do not have to spend a ton of money on advertising.
In fact, there are ways that you can limit your budget to free avenues such as social media, referrals, and word of mouth. These are sure ways to get your first few clients and followers fast. It doesn't take much to gain traction in people getting excited about your new business. Tell your friends, family, social media followers all about you!
Make sure you think of unique and fun ways to promote your campaigns.
Show your excitement by creating positive, colorful, and rememberable ads!
We love to use graphics and colors in our social media and websites. Keep it simple and crisp. If you want a wow factor, then come up with catchy titles and descriptions for your business. Remember less is more. There are plenty of examples of major corporations that use simple but rememberable titles, logos, and catch phrases. If you are using software for Facebook and Instagram you need to make sure the photos, videos, and text, are formatted correctly for these social media platforms.
We like to use software like Canva, Doodly, and Voomly to create our ad campaigns.
You can create something catchy, rememberable, and distinctive.
View our Sample Video Below.
Schedule your first appointment
Take your first order
Take your first order.
How Exciting to gain your first clientele!
Once you have created your Ad Campaigns and marketed your new business to friends, family, and social media, you will be surprised how many people will want to support your new venture.
Utilize the power of a calendar app on your phone or mobile tablet device.
Make sure when scheduling that you verify by text or call a few days before for verification. Many people forget and are frustrated that they forgot the appointment. This happens often and can be almost 100% rectified by a reminder.
Your goal is to administer your services with ease, professionalism, and accuracy.
TIP: Once you have gained several clients, you can keep track of your clientele by creating a digital list using software that is a spreadsheet or app that keeps track of your clientele.
Spreadsheets are a great way to track your monthly progress.
You will want to gather the following information:
wing that you paid for your expenses and requirements ahead of the opening date.
Name of Client(s)
Date of Sale
Products or Services Sold
PROFIT & LOSS STATEMENT SPREADSHEET
Date of Sale
Budget & Save
Budget & Save (Good Stewardship)
Budgeting and Saving for Business is no different than for Personal!
For every dollar you make, take a % and put in a secured savings account.
One of the greatest mistakes that many business owners make (we know from experience) is not putting away some of the income into a Savings Account. This is remarkably effective when you start building the habit of saving. There will be expenses, repairs, material costs, updates, advertising, and inflation. All of these must be accounted for when selling your product and or service. Remember, you can make great money at what you do but the key is how you steward that money.
Future Unknown, Bills, Repairs, Family Additions or Loss, Taxes, Rainy Day Funds, Trips, New Home, Renovations, & Retirement.
Savings protects you in case of an emergency such as a health-related incident. If you need
to take time off for family related situations this is where putting aside small amounts each week or biweekly is so important. Make sure you only use this money for these related items.
Blessings & Godspeed!
Disclaimer: We are not financial advisors and do not sell or recommend certain stocks, securities, or any other financial investing instruments. We provide information for your decision making process.