Unlock the Power of Digital Signature Licitness for Business Plan Template in Australia

How to eSign a document: digital signature licitness for Business plan template in Australia

shawna [Music] special thanks to taylor brands for sponsoring this video a business plan is an essential tool for any entrepreneur looking to build a business but as good business plans help small business owners not only focus on the steps that need to take to become successful in that business idea but also help them focus on or help them figure out their short-term and long-term goals so today i want to show you guys how to write business plan now the key points i want to put into this business plan will include your business idea summary your products and services budgeting production marketing and goals so let's start with the business ideas summary because if anyone ever asks you what your business about you need to be able to describe it so how would you describe your business so this cute little template that you see me writing on is something i created myself and is available for you for free so be sure to grab it if you want it and right along if you want to i am the type to recommend everyone to write out your plans for creating a business speaking of creating a business that brings me to today's sponsor taylor brands if you're looking to start your small business then taylor brands is definitely the way to go taylor brands is a platform that has all the tools needed to start your business and build your brand from forming your llc to designing a custom logo that best fits your company to creating business cards customizing designs for your social media posts launching a professional looking website with no need for coding or design skills and much much more all in one place and the best part of all of this is that you can sign up with taylor brands for as little as 3.99 a month check out taylor brands and build your business today i have a coupon code shawna sagaji40 for 40 off taylor brands so coming back to business idea summary you may have also heard it be called business executive summary now this should include your business name your business structure where you're going to stick to a sole proprietorship or you're trying to get an llc or corporation it also should include where your business is about located like is it home based is it a storefront is it a website based type of situation maybe you have an office and finally a brief description of your business like an overall explanation of what your business is about what it is for what it does things of that nature next is products and services what products or services do you provide specifically the primary one you might do or produce a lot of things or a lot of services but we want to narrow it down because it's easy to lose focus especially as a new business or a new small business so you want to have a narrow focus on okay if i don't do everything else what is this one thing that i will produce no matter what or i'm best at no matter what then you got to ask yourself how does my product differ then what's already on the market also why would a customer choose me over my competitors you need to be asking yourself these questions and know the answers to these questions and if you don't know the answers to these questions well then you need to sit carefully and think about it should i be producing this product or this service or how can i make this product or service better for where people would choose me over them budgeting having a written budget is a financial planning tool that allows you to keep track of what you have spent or what you are trying to save whether it's monthly or even weekly this allows you to keep track of your business financial habits which will save you so much time and so much money down the line you need to be able to calculate all your expenses know how much you're willing to invest in your company but investing more is not always a good thing saving is a good thing create a list of projected business expenses by writing down any estimated expenses you expect to pay or or shovel out during each month of your business sometimes even each week it just depends on how your production of your business goes this lets you include how much everything costs from either that week or that month and i mean it can go all the way from like business cards to websites to travel costs to you know materials and supplies equipment it's just whatever your business incorporate and then you should also have your budget on that sheet as well as how much all those expenses will cost for for you to reach your goals for that week and the key is not to go over your budget now we're coming to something just as important production because if you don't have a product to produce then you don't have a product to sell so no money so the questions you need to ask yourself is how is this product being produced it doesn't necessarily have to be a product i'm using product as a vague term it could be a service like how are you going to produce this service for someone if it is a service type business but if it's a product type business how are you going to produce that product for instance is this product something that you can make yourself or is it something that someone else make and you buy at a cheaper price and sell it at a higher price to make a profit is it that simple situation or even a service how would this product or service be delivered the service you provide in person is this a service you provide online this is something you have to ship to someone or someone have to come to pick it up from you like if you were working in a store or is this even a downloadable type of service where someone buys prints from you and they print it out from home so you email it to them for them to download that's the choice you got to think about all of this what is the step-by-step process of you making this product happen or this service happen you got to have a clear idea marketing marketing marketing marketing is so important so the first thing you want to do is identify your key demographic for instance age race gender income for example a chocolate chick mother a single chocolate chick mother that makes sixty thousand dollars a year cool but you want to go a step further than that you also want to identify the psychographics refers to their interests their activities their overall lifestyle so for example a single chocolate chip mother who works out four times a day and is vegan you know more detail the better that helps you focus in who's your target audience who's your person who's the person you can best sell your services or product to you should have a rough estimation about how big the size of your audience is like what's the max number of people that would be willing to buy your services that way you you have an estimation of how much money not necessarily how much money you can make but how much if you could reach as many as those people as possible what could be your profit margins and that's where key things such as is your business local or is it web-based because that's important if it's local your pool of people that you can reach is the quite smaller but if it's like web-based there's a lot of people you can reach because so many people use the internet so many people can come to you but then also is yours if it's a service and it's web-based well still it's kind of local-esque there's so many people that's willing to travel to you but if it's a product well then it's more likely people are willing to purchase from you because there's always ways you can serve send out your product to them it's harder to get people to come to you if they're farther out there are tools out there to help you figure out what your size audience is because without knowing who you supposed to sell to you won't be able to sell this product or the service of yours you need to know where your people are where is your audience i want to focus on these final three questions that you really need to put a lot of thought into the first one is your visibility strategy how are you getting eyes on your product or brand are you using facebook are you using email lists are you using tick tock how are people seeing your company how are people picking up your brand how are people finding out about you basically is what i'm saying next is contact strategy how are you communicating with potential customers is it through phone like you have a business phone number or is it through email or is it through you know a direct message how can people reach you if they have any questions about the services you provide or the product you sell this is important and lastly is conversion strategy conversion strategy meaning how are you turning eyes on your business or eyes on your product into a sale into money people see it how are you getting them to see it then try to buy it see it and click on it see it and give you money for it this is important because you need the money you want the money are you giving them like limited time offers are you having them sign up for email list are you giving them discounts really goals what are your goals it's important not only to have goals but realistic goals such as sales projection revenue whether you plan to expand your business or explain production if all goals ing to plan this is important to keep track of the progress of your business not only that but at the beginning stages of your business it's important to keep track of the status of your business to understand where your company or where your business is heading so that's why i recommend setting goals for the first month the first three months the first six months the first year and then the first two years set goals for those you can be think down the line first five years first ten years but those are so far into the future we wanted to focus on at least establishing your business we're not going to focus on five ten years from now because five ten years from now you might have decided to do something completely different but we want to make sure okay like one month from now i want to have all my social media for my business set up i want to have like at least my first few clients three months from now i want to have at least 100 followers on my my business instagram account and have a at least a hundred people on my business email list six months from now i want to be in full blown production and making profit by then one year from now i want to be able to start expanding two years from now i want to be able to start looking into getting you know a business office or something like that you want to have short-term costs it helps you focus it also helps you stay on point stay on track because it's easy to be like man this is not going to wear oh man uh what i'm supposed to be doing here like am i doing well also don't compare other people's businesses to yours that's the easiest way to lose motivation stay focused on you and nobody else so i really hope you guys found this helpful and useful thank you for checking us out i want to say before i go don't forget to check out taylor brands with my link in the description down below get your forty percent off taylor brands with my coupon code shauna sagaj40 and i will see you guys in another video thank you guys for watching and bye thanks to taylor brands for sponsoring this video [Music] you