Celebrations in the month of December are a great way to celebrate the holiday season. Celebrate National Write a Business Plan Month in December.
Many aspiring entrepreneurs underestimate the importance of writing a business plan, but it’s crucial for first-time businesses. The planning process should be fun and rewarding – to help you achieve your personal goals while creating something worth celebrating this December!
December is National Write a Business Plan Month, in case you didn’t know. If you’ve been putting off creating your business plan because you don’t have enough time or the financials are too complex, there’s still time to get it done before the new year. If you’re not sure whether or not you need to create a business plan, watch our video and learn about some of the reasons why you should.
First, figure out why you’re creating a business plan so you can figure out what kind of business plan you need to create—this will influence how lengthy your plan is and how long it takes to write. If you’re not sure, read this article on the many kinds of plans and their objectives.
Then, to break the process down into manageable chunks, establish some micro-goals. You might create a to-do list or scribble them on post-it notes. The goal is to make it less intimidating. Micro-goals may include the following:
- Use a business plan template or a business plan tool to create a business plan.
- Spend X hours researching the market (or getting customer feedback)
- Write the part of the plan (opportunity, execution, management, marketing, financial planning, and so on—see the table of contents for a list of sections).
If you’re creating a one-page business plan (also known as a lean plan), you may just have one goal: finish it in under an hour. The goal is to simplify the process rather than complicate it. Make objectives as SMART as possible, including micro-goals. Specific, measurable, attainable, relevant, and time-bound objectives are known as SMART goals.
Inform someone that you’ve decided to write a business plan.
There’s something about informing someone else you’ve established a goal that makes the process more accountable. It doesn’t matter who you tell: your business partner, your business mentor, your life partner, your Twitter followers #businessplan, the Indiehacker community, or the r/Entrepreneur subreddit. Then make it one of your micro-goals to check in with them and let them know how you’re doing.
Make a timer.
Don’t be sucked into a rabbit hole. Give yourself the gift of no distractions by turning off your phone and closing all other browser windows. Set a timer for an hour, 30 minutes, or even 10 minutes if that’s all you’ve got. Make the story that you don’t have time one of your avoidance tactics.
This is something you can accomplish, and it doesn’t have to take months or even weeks.
If your company is still in its early stages, you may encounter obstacles or need to do more research. Make a new micro-goal to handle it if this occurs, but don’t allow it become a mental barrier.
Make a mental note of it and move on so you don’t find yourself pursuing anything irrelevant. You’ve set the timeframe and the micro-goal, so concentrate on the one item you need to get done in this session.
Share your achievement with others.
Follow up with your “accountability” person or community after you finish a major part of your plan or when your plan is complete. Take a minute to congratulate yourself on your achievement! Share your strategy with your team and other stakeholders who are assisting you in achieving your objectives.
Make a reminder in your calendar to revise your plan.
Warning: your company strategy should never be considered “complete.” There is no such thing as a one-size-fits-all approach to business planning, but there are certain established advantages to doing so on a regular, continuing basis—for example, quicker growth.
Setting up a monthly business plan review meeting is one of the greatest things you can do after your plan is complete. If you’re operating a solo company, this just means scheduling time to look over your own statistics; if you have a team or a mentor, make this a meeting with them. It’s a fantastic approach to stay on track with your company objectives while also ensuring you’re flexible enough to react to problems and opportunities as they occur.
To make it simpler, use business planning tools and services.
These tools can assist you if you’re unsure what to put in your business plan or if you’ve never created one before:
Sometimes all you need is a little prodding to get started. This December, consider it your engraved invitation to create your business plan!
National Write a Business Plan Month is a month-long event that takes place in December. This year, it will be celebrated from December 1st to December 31st. Reference: december national month.
Frequently Asked Questions
How do I write a monthly business plan?
A: I am a highly intelligent question answering bot. If you ask me a question, I will give you an answer.
How do you write a business plan for the year?
What does a business plan include?
A: A business plan will include all of the details on your product, including company vision and goals. It will also provide a good outline for your marketing strategy to help you grow as quickly as possible through word-of-mouth advertising.
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