How To Write A Business Plan & A Winning Business Strategy!
- 8.5 hours on-demand video
- 7 articles
- 82 downloadable resources
- Full lifetime access
- Access on mobile and TV
- Certificate of Completion
Get your team access to 4,000+ top Udemy courses anytime, anywhere.Try Udemy for Business
- Write your business plan that contains winning business strategies
- Create a strong business model for businesses like: Local services, freelancing services, eCommerce, affiliate, self-branded businesses, and innovative start-ups
- Step-by-step walk-throughs for writing each section of a business plan
- Join my office hours: Get personal help and become a part of my student community
- Evaluate your target market: Is it big enough? Is it lucrative enough?
- Identify the most effective monetization strategy for your business
- Master business planning concepts like the cash flow statement, lifetime customer value, and unit economics
- Save money by not having to hire a business plan consultant or buying business plan templates
- Desire to write a business plan that would bring you one step closer to realizing your dreams
Revolutionary, new way to write a professional business plan that will help you identify the most effective business strategies for your situation.
Take this step to start your business, achieve independence, and become your own boss.
Latest course update for 2020:
More examples of different businesses across different industries
Innovative three-sentence business plan to get you started
How to take your three-sentence business plan, expand it into a one-page business plan, and then a full and professional business plan
Top-ten business planning mistakes and exercises to help you avoid them
More details added to the financials section
How you can turn yourself into a stronger entrepreneur
WHY YOU NEED MORE THAN A BUSINESS PLAN DOCUMENT
Many courses just focus on writing a business plan document. But the value of business planning is that it helps you start - not have some useless document that no one wants to read.
This is the issue in the business planning industry: People selling useless fill-in-the-blank business plan templates that have useless information that isn't catered to your unique business.
In this course, you'll learn how to create great business strategies that will help you have an ideal start your business.
INSTRUCTOR BACKGROUND: THOUGHT LEADER IN BUSINESS PLANNING
My business plan book 'How To Write A Business Plan' is consistently the top business plan book on Amazon. My book is used by a number of universities and high schools, and I regularly get invited by these institutions to give talks about starting a business.
I've been an entrepreneur for 20 years, have personally coached over 1,000 entrepreneurs, taught 150,000+ students online, and helped millions of entrepreneurs worldwide, some of whom created 6 and 7-figure businesses, and I can help you too.
ARE YOU FACING THESE COMMON BUSINESS PLANNING PROBLEMS?
After coaching over 1,000 entrepreneurs, I saw entrepreneurs make the same business planning mistakes time and time again:
Confusion from cumbersome templates that don't give you the right strategies for your unique situation
Not knowing which business strategies are best to choose
Feeling confused, losing confidence and quitting
Over-planning and never starting
Under-planning and stumbling into common costly errors
Stress! Lots and lots of stress
Not only have I coached people like you, but I've also been there myself. I've felt the stress and confusion you might be feeling now. I know how difficult it can be, and I'll do whatever I can to help you put it all behind you.
IMPROVED BUSINESS PLANNING BASED ON EXPERIENCES OF ENTREPRENEURS JUST LIKE YOU
I created a new and much easier way to write a business plan that solves all the problems plaguing entrepreneurs and helps to ensure that the strategies you plan are optimal.
Say goodbye to confusion, stress, frustration, confusing templates, and most importantly say goodbye to costly business errors.
My innovation is the three-sentence business plan that focuses on the core elements of your business and naturally expands into a full business plan.
When you focus on the most important aspects of your business, you are more likely to plan those parts of your business correctly, make fewer mistakes, and ultimately create a stronger business.
After you create your three-sentence business plan, I'll show you how to expand it into a one-page business plan, and then into a full business plan that has optimal strategies.
BALANCE THE BUSINESS PLAN WITH EXECUTION
You can't start without planning, but over-planning is also a problem. This course balances the two.
Real-world execution of your business strategies is more important than planning. Each section of the course shows you how to plan your business and at the same time gives you actionable, real-world advice for how to execute after you start.
I'LL BE WITH YOU EVERY STEP OF THE WAY: 99% QUESTION RESPONSE RATE & FREE ONE-ON-ONE COACHING
What sets this business plan course apart is the personal time I devote to hold free office hours (coaching calls) with students. During office hours, you can ask me any business plan questions you want, and I'll do my best to help you create a strong business plan.
I also answer 99% of student questions within 24 hours. I love helping students who take my courses and I look forward to helping you.
I understand how frustrating and confusing it can be to write a business plan. As you move through the course and work on your business plan, I am here to answer any questions you have to make your planning go as smoothly as possible.
START PLANNING NOW AND START YOUR BUSINESS SOONER
Upon completion of this business plan course, you will be able to write a good business plan on the very same day. The sooner you plan, the sooner you'll start your business with a stronger foundation, business model, and ultimately reach all your goals. So start today by enrolling in this business plan course. Stop waiting and start doing!
IS BUSINESS PLAN WRITING STILL POPULAR OR NECESSARY?
Some people say that business plan writing isn't a good thing to do. In fact, business plan writing has become less popular with start-ups. There is a good reason for that. Start-ups tend to go all in quickly with little time to plan. A business plan for startups isn't common because startups don't have time to focus on writing a long business plan document.
But strategic business planning is still necessary even if extensive business plan writing isn't always ideal.
WHAT KINDS OF BUSINESSES CAN BENEFIT FROM WRITING A BUSINESS PLAN USING THIS COURSE
This course can help different businesses from local brick and mortar businesses to online businesses and startups.
Common brick and mortar businesses planned with this course: restaurant, cleaning, gym, coaching, boutiques, stores, and various services.
Comm startups planned with this course: mobile apps, YouTube, influencer businesses, elearning businesses, ecommerce businesses, freelancing, innovative startups.
* Extra freebies and downloadable worksheets
* Free 15-minute coaching call during which we can discuss your business plan after you complete the course
* Personal invitation to my Facebook community where you can discuss business strategy with other entrepreneurs
* My list of 50 business-success skills after course completion (business plan writing is only one of them)
* Automatic entry to be selected for my student of the month status
THIS COURSE IS IDEAL FOR YOU IF YOU:
Are a first-time entrepreneur writing your first business plan
Are stressed and stuck on writing a business plan
Want to create a great strategy before starting their business
Need a business plan to help them raise money
Are starting an Ecommerce business, local business, affiliate business, self-branded business, innovative start-up, mobile app, B2B business, service business, or home-based business with one or two people
CERTIFICATE OF COMPLETION WHEN YOU FINISH 100% OF THE COURSE
When you complete 100% of the videos in this business plan course, you will be emailed a certificate of completion by Udemy so you can show it as proof of your business planning expertise and that you have completed a certain number of hours of instruction in writing business plans.
MONEY-BACK GUARANTEE SO BUY NOW
The business plan course comes with an unconditional, Udemy-backed, 30-day money-back guarantee. This is not just a guarantee. It's my personal promise to you that I will go out of my way to help you succeed just like I've done for thousands of my other students.
Invest in your future and enroll now.
- Aspiring entrepreneurs - if you want to be your own boss, start a business and reach great potential, this is the perfect place to start
Warm welcome to this business plan course. I am glad you joined. In this lecture, I briefly explain what we will cover.
I wanted to quickly get started with the actual business planning instead of lingering on the introduction for too long. In this section of the business plan course I walk you through every part of a business plan almost like a template, explaining what to write in each section.
How much progress have you made with your business? It is ok if you are just starting. Every company had to start somewhere. You must simply help the reader of your business plan know how long have you been working on your business, and what kind of traction or growth you have. If you have customers, product or revenue, this is a good place to note the maturity of those.
Do you know how to calculate your target market size? You must know that, and express it clearly in your business plan. If investors read your business plan they should be able to determine whether the overall opportunity is big enough, and whether you have a good understanding of the size of your own target market. Additionally, depending on how you count, different calculations can result in different target market size numbers, which as you can imagine, leads to some pretty interesting discussions.
The all important marketing plan in your business plan. You must be able to promote your business and get customers. Without marketing and without clients, a business can't survive for long so your marketing plan is absolutely important. It isn't enough just to have any old marketing plan. Your marketing plan must be very good and savvy. If your current marketing plans consist of promoting on Facebook, Twitter, with business cards and flyers, you must definitely come up with a more professional marketing plan.
Discuss how your business will make money. What will be your revenue stream or revenue streams if you plan to have more than one source of income. There is typically a big decision for whether you decide to pursue multiple revenue streams or just one, and you have to explain this reasoning in this section as well.
Discuss your founding and management team. Also mention any investors, advisors that you have on your team, and the board of directors if you have a board of directors. Most importantly, list all the members of your founding team, their education, and their relevant skill sets and professional experience.
You must have a section discussing your business competition. You must also explain how you are different than your competition. You don't need to say that you are better than your competition, but you should explain how your business is unique, and how it differentiates itself from competition.
Customer lifetime value (LTV) is extremely important. Imagine if someone just bought something once. That is nice. But what if they came back to buy something every month. That means an increase in annual revenue of 1200% and maybe much more if you multiply this out over many years. For that reason, in your business plan you should discuss your plan to extend the lifetime customer value. It is extremely important for your business and that is why I included it in this course.
The cash flow statement is an important financial part of your business plan. The cash flow statement is as much a very good thing to add to this document as it is good for you to be able to look at a cash flow statement and use the cash flow statement to help you understand where all the money is going and coming from in your business. Having a cash flow statement can help you to realize what to do to stop or decrease some of your spending, and what to do to increase revenue.
In this part of the business planning course, I talk about how to calculate gross profit, net profit, and the bottom line. A serious business plan should talk about financials in some detail. If you are just starting your company, your financials won't be too complicated, but you should still have them in your document.
In this part of the business plan I talk about pro forma earnings. It is essentially a projection. Again, if you are just starting your company, it is nearly impossible to get this right, but it is good to try. Usually you base pro forma earnings on previous earnings.