How to Create Business Plans That Work

By | October 14, 2013

Business PlanYou have probably heard by now that any business needs a business plan in order to become successful. A business plan is a detailed map to make your business truly successful.

I agree with the above statement and think that not just any business needs a business plan, but any project that you decide to undertake or even a simple goal requires a good business plan. Do not get me wrong I am not talking about writing a real, comprehensive business plan for each and every one of your goals or projects. What I am talking about is just a simple, actionable outline or a so called mini business plan of how you are planning on achieving a specific goal or completing a particular project.

Writing a mini business plan of action can help you be more productive and accomplish more things in less time. When you plan any project or goal it must agree with the following statement: be precise, be realistic, have a deadline and create value.

Be precise:  too many times people set a general goal or do not define a project precisely enough. For example people often say they want to save a lot of money. Well, what is a lot of money? Is $1,000 a lot of money? Is $10,000 a lot of money or some other amount?

Defining a precise target will help you to have a clear and actionable goal.  In another example, people plan projects by saying they need to improve their business by doing more marketing. Well, how exactly are you planning on doing marketing? Will you have a specific budget? Will you use one or different channels for marketing?  Are you going to focus on marketing a specific product or service in your business? Or are you just going to focus on overall business marketing? All of these things have to be precise and well defined before you can proceed with action.

Be realistic: projects or goals needs to be achievable. If you set a goal for yourself that is just too big, then you will not be able to achieve it, therefore there is no sense in doing it at all. For example setting a goal to save $1,000,000 in a year when you only earn a $40,000 per year might not be feasible. However, setting a goal of saving $25,000 in a year when you earn $40,000 is pretty realistic and doable.  Same with projects, if you try to implement a project of creating 5 niche website in 2 months where each one will require you to devote 10 hours per day that you might not have, will lead you to fail at completing such a project. So, stop and think of only realistic and achievable projects and goals based on your situation and circumstances.

Have a deadline or a timetable. Any project or goal must have a specific date by which it must be completed. Too many times people have a general deadline. You will never finish your project or achieve your goal if you do not have a specific deadline. You need to set a time limit by which a goal or project will be accomplished in order to move on to the next one.

Create value: a project or goal must create value, otherwise what is the point of having it in the first place. Having pointless projects or goals is just an utter waste of time.

Before devising a plan make sure your project or goal agrees with the above four points.

The next step of writing an actionable plan for any project or goal is actually pretty simple.

Break it up into several parts depending on how large a project or goal is.

  1. Define your project or goal by writing a brief description and setting a precise target that you are trying to accomplish.
  2. Set a deadline by which you want to complete the project or goal
  3. Set mini deadlines by which you need to accomplish parts of the project or goal
  4. Write down specific actions that you need to take in order to accomplish your project or goal
  5. Break up very large projects or goals into mini projects or goals in order to make them more manageable

After you create your plan make sure to review it often and see if you are on target with everything. You need to make sure that you accomplish everything you planned on time. Check and adjust things that are necessary to successfully complete a project or achieve your goal within the defined timeline.

Writing actionable business plans is an important part of being productive and can make a huge difference in succeeding at whatever you plan for yourself. If you follow the above guidelines for all of your projects or goals, you will see a significant difference in not only your productivity, but also in the success rate at which you complete your projects or achieve your goals.

I personally always write up a quick and actionable plan for all of my goals and projects, and get everything done in certain time with great success rate.

Brainstorm, plan, take action, create and you will be successful at anything that you decide to undertake!

Tell me what do you think? Do you use some other methods or strategies in order to increase your productivity or to successful complete your projects or achieve your goals? Leave your thoughts in the comment section. As always do not forget to comment first in order to get the money from the comment money pot.

Thanks and here’s to your success.

 

Cheers

2 thoughts on “How to Create Business Plans That Work

  1. Kevin Martin

    I agree with you, it is so important to set a deadline because not having a deadline gives you a way to escape the possibility of failing, which is why people do not like to set deadlines for their goals. A deadline is great because it allows you to measure your progress and avoid being stuck in stagnation. Thanks for this awesome post, Denis.

    Reply
  2. Denis D. Post author

    You are 100% correct when you say that by not having a deadline people give themselves a chance to escape the possiblity of failure. Everyone must understand that we will fail at certain projects or goals and it is not necessarily a bad thing. As long as we learn from our failures and mistakes we can improve, adjust and do things differently in the future in order to become successful.

    Thanks for commenting first. I will send you the money from the comment money pot shortly!

    Reply

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