IN THIS LESSON
Explore the first step in building a non-profit or business from scratch on any budget.
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Business planning is the art of outlining future events to dictate the intentions, actions and limitations of yourself, teammates and/or coaches, technology, finances, investors and anyone who helps with your business in the future.
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Business planning helps us lead from a please of executive authority rather than consumers.
Without business plans, we are looking for more clients, more money, more tools ... soon we have more of everything with much more complications.
Business plans also prepare us for growth, so even if you don't yet have teammates, you can be ready for them when they do come.
Business plans also prevent overspending and protect us from investing our time, money and energy in something that isn't compatible for our long-term business success.
Business plans assure the business can scale easily, effectively and on your terms.
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The business plans are ideally built by you, the Executive Vision Holder.
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Business plans are the first step to developing a business or non-profit.
It is recommended to make plans before filing the business or non-profit entity with the government and is especially necessary to make plans before you start building anything in business.
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A business plan can be made in many different ways, however, we have found that the best business plan includes the following:
Mission Statement
Problem Inspiring the Mission
Summary of Intention
Products and Services
KPI's
Team Growth Initiatives
Financial Standing
Exit Plan
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In business, some examples of results from framework being implemented at the appropriate times are:
Focus
Clarity
Knowing what is best for the business
Maintaining authority when working with coaches and teammates
Increased likelihood of funding for your business with grants and investors
Data informed decision making