Essential Pieces Of Your Business Plan Explained

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Road to Seven

Business


“Those entrepreneurs that are killing it year-over-year are not doing it by flying by the seat of their pants.”- Shelagh CumminsI’d like to address a question that I hear far too often from entrepreneurs just getting started on their Road to Seven — and even a few who are well on their way:“Do I *really* need a business plan?”The answer, of course, is yes!An effective business plan will not only give you clarity around your company and what it is that you’re growing, but will also provide a critical path to help you reach your goals — and identify when you’re drifting off-course.But it does bring up another question: what sort of business plan should you have?In this episode, I walk you through the two different types of business plans that every single business owner, no matter your industry or stage of growth, needs to have in place in order to grow and scale with greater ease!Whether or not you already have a plan, you’ll want to check out this episode to learn more about your different plan options — and how each will benefit your business and keep you moving forward with intention.Let’s get started!In‌ ‌this‌ ‌episode of the Road to Seven podcast,‌ ‌you’ll discover:‌How to determine the fundamentals and positioning of your initial one-page business planHow to transform your business plan into a pitch deck that can be used to help you secure funding from investors or banksWhere to find guidance and resources for your annual strategic planning and plan creationHighlights:‌ ‌01:24  Intro02:20  Business plan types03:13  One-page business plan04:43  The fundamentals & positioning05:16  Solution, model & target market08:37  Annual strategic planning10:04  The basis of your process 11:14  Creating a pitch deck13:29  Research & due diligence14:13  Marketing, operations, finances & team17:12  Risks & executive summary18:18  Start with the one-page & reach out!Links:‌The Revenue Acceleratorhttps://www.theroadtoseven.com/the-revenue-acceleratorAnnual Strategic Planning workshopOne-page business plan templatehttps://www.theroadtoseven.com/businessplantemplate To work with me and make your next power move, visit:https://shelaghcummins.comLike what you’re hearing? Click here to subscribe in iTunes for more Road to Seven episodes with great tips and conversations with women that are revolutionizing the way we do business - don’t miss it!You can also join the Road To Seven Facebook group to meet other like-minded entrepreneurs who want to band together and help each other rise up.I would be really grateful if you left a review on iTunes so that others can find and boost their business too! Just click here to review, select “Ratings and Reviews” and “Write a Review” I’d also love to hear what your favourite part of this episode is in the comments below. Thank you!Follow me!  Instagram: @shelaghcumminsTwitter: @shelaghcumminshttps://facebook.com/ShelaghCumminshttps://linkedin.com/in/shelaghcummins