Business Plan – Steps and Concepts

Here are 4 simple steps to create your own business plan:

1. Name of your business
Create a name or reevaluate the name of your business. Does it integrate well with what sells? Is it easy to spell and remember? Is it a name that can be marketed in the long term?

2. Vision
How will your business in 5 years from now? Think about how you would like to expand it to include other branches or extra work.

3. Mission
This defines what your company actually does, what activities do and what is so special that stands out from its competitors.

4. Goals and objectives
Clearly define what you want to accomplish with your business. Make sure they are quantifiable and set specific timelines. Set specific goals for each of your products or services.

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