Free Home Based Business Plan Guide (Action Plan)
This free home based business
plan guide can be used
for many
different types of businesses, not just crafts
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Even if you're just creating an action plan for yourself, it's a great way to map out what you want to do, how you intend going about it, and what results you can expect. It's not just a good exercise to do, we'd go so far as to say that it's absolutely necessary - you wouldn't be able to find your way in an area you don't know if you didn't have a map or clear directions... the same applies to your business.
Free Home Based Business Plan Guide - INTRODUCTION
Use this part of your action plan or home based business plan to introduce your business, and to put forward your ideas, research and facts.
Cover Sheet
Keep it basic and simple, with your business contact details, logo if you have one, and the preparation date. If you have a mission statement include it here too, and try to summarize the purpose of your action plan.
Table of Contents
Lay out the content of your business plan in a way that’s easy to find, with titles, headings, and sub headings. Make it easy for a reader to find the info they’d be looking for.
Summary
This is where it gets meatier! However, bear in mind that it’s often easier to write this section of your plan at the end, once the rest of it is complete.
This should be an overview of your business, to summarize the key issues. Begin with a short paragraph about who, what and where you are, what your main objectives are, and how you plan to achieve them – in other words, how and why will your business be successful? What is unique about it, and who is your target market?
Highlight issues such as the benefits of your product or service, your financial plan (such as how much you need to get started, and how much you intend to earn in what period of time), who your competitors are and how you plan to be better than them, an overview of your marketing plan, and so on. You could also include interesting facts and figures about your industry, and industry trends and how they will affect you.
This is really the heart of your home based business plan, so spend some time on it. It must speak to you and/or whoever you intend for it to be read by, and it’s the part of your plan where you need to get your message across loudly and clearly. The reason it’s often easier to write this section at the very end, is that once you’ve done your research for the other sections, you’ll have all your facts and figures available.