My ecommerce business for women's seasonal fashion accessories has a grossed a little more than $250K in sales so far this year. However, I have no business plan and I can see how its hurting my business. Business plan templates I've found have always seemed jargony and unnecessarily formal to me. How does one create a business plan that actually HELPS their business grow? Where do I start?
Forget business plan templates for a minute.
Any plan for your business has to have the following points that cover all aspects of your business:
1- desired outcome
2- steps to reach your outcome
3- cost of each step (in dollar and time)
4- return on investment (ROI on your cost above)
5- risks for all above
6- people involved
In your business case, you have to implement those strategies so you can take your business to the next level and increase your profit by 20% in less a year:
1- think of recurring revenue (like birchbox.com)
2- No accounts receivable (just eliminate them from your business)
3- automate your system so you can make money while you are sleeping
If you think that 90% of your operations are Sales, you are on the right track, otherwise you have to rethink of your strategy.
Back to business plans: any template will not make a difference. Implement the strategies above and you'll see your business strongly growing.
Happy to help you on growing your business. Just give me a buzz.
Answered 7 years ago