The journey of writing a business plan, Part 3

Posted on November 13, 2009

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The final part of creating my business plan was doing the left brain stuff a.k.a doing the finances.

The part I most dreaded was looking at the ins and outs of the money aspect of my business. Without it you have no business but still dreaded looking at dealing with the numbers. Now that I’ve done it I don’t feel so bad. I now have a framework to move forward with.

A business plan is supposed to be fluid not static.

So I now know where to put my attention in my business and what product and services to create and which ones are not worth pursuing.

If you don’t have a written business plan I highly recommend doing one. I thinking having it as reference is a great resource. If it is on paper you can still make changes nothing is written in stone.

The areas I covered in the finances were:

  • Cost of my services
  • Cost of my products
  • Business expenses e.g. Advertising, Printing, Membership dues, etc

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