Friday, May 23, 2008

A Real Business Plan

Most people who have a home business do not have a business plan. Even the people who have a business plan often don't have an active business plan. These people may have created a business plan when they started their business but likely haven't looked at it for a long time.

An active business plan is a plan of attack that you can work from on a daily basis. To do this you need to have an overarching business plan. You should develop the overarching business plan and then review it AT LEAST once each year, perhaps two or three times a year.

From your overarching business plan you should be able to plan your week and from your weekly plan you should be able to plan daily.

This also clarifies your planning time. You should spend about one day twice per year focusing on updating your active business plan. This should be in a private location where you can think, reflect and not be interrupted. Then you can spend about one hour each week planning the upcoming week, and lastly spend about 10 minutes each day planning the following day. Keep focused on the activities you have planned in your overarching business plan.

This should keep you on track!


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