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A thorough business plan will help you understand the following:
- How to attract investors
- Brand Positioning
- Repositioning your business in changing conditions
- Forecasting staffing needs
- Market research
- Determining startup funding and future financial needs
- Effective growth strategy
8 - W E E K S
8- Weeks of group virtual lessons conducted over Zoom. Each week participants will have the ability to request feedback from the group in the form of hotseating.
T H E T O O L S
Participants will get two business plan templates, 1 in PowerPoint presentation format, the other in a .doc format that is shared via Google drive.
S U P P O R T
Unlimited email and Voxer support Monday - Friday to answer questions, brainstorm, and support your project.
O N E - O N E
Two private support sessions scheduled as you need them during the program.
Take your vision and turn it into a tangible action plan for success
A well-thought-out business plan enables you to think objectively about the key elements of your business and make informed decisions. A business plan is essential to long-term success, whether you are looking for financing or not.
The plan helps you take a detailed look at your soulmate client to understand why do they buy? What pain points are they experiencing, and how does your product or service alleviate those problems. Understanding your clients will not only help you create better products but will also enable you to reach them more cost-effectively via advertising and promotions.
The business plan process involves researching your target market, the competitive landscape and serves as a study for the success of your venture. In some cases, the results of this research will create powerful shifts within your business model, showing you how to create a more substantial business.
There is a power in writing down your vision that shouldn't be underestimated. Writing down your goals helps you find clarity and organization. This clarity brings you a higher level of thinking and, therefore, more focused action. Writing allows you to shape your goals, priorities, and intentions while analyzing and evaluating your process. The act of writing the plan also creates momentum and excitement that helps you drive your strategy.
Saloni Doshi of Eco Enclose, LLC says; "know your anticipated revenue and fully loaded costs for every "unit" or transaction (raw ingredients/materials, labor, customer acquisition costs, shipping costs, etc). Often, figuring out what the "unit" is for your business is the hardest part. It could be an average transaction, a subscriber, an acquired account, a tenant, etc. Unit economics is far more important than a high-level P&L based on a finger in the air forecast (though this pro forma P&L is also important). The unit economics forces you to grapple with and make sense of the heart of your business—how will you make money, how much it will cost to make money, whether or not you profit from each transaction and how many units you need to sell to cover your fixed costs and be profitable. "
Planning can help companies grow 30% faster. One study published in 2021 researched the business growth of 11,046 companies and found that planning improved business performance. This same study found that planning benefited existing companies even more than it benefited startups. The reality is whether you are an established business or a startup, there is always a need for a strong
As Benjamin Franklin said, "If you are failing to plan you are planning to fail."
Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success.
At the end of 8 weeks you will be able to:
Produce an entirely written business plan
Compile the financial data needed to run your business
Describe your business in detail, who your target audience is, and what your actionable plan is for the next five years.
B U S I N E S S P L A N
A C A D E M Y
8 weeks to build a business blueprint that will unlock breakthrough ideas innovation, and strategies.
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Founder and CEO of GADV.TECH
"If you are in business and don't have any idea how to develop your business plan and scale up for growth, or if you're already in operations and seeking guidance for financial planning and implementation, then I strongly recommend M3 Coaches."
CEO of Exceptional Creations by Toccara & The Exceptional Private Label
My experience with RK has been life changing. With her expertise we were able to complete my business plan. She was also able to come up with strategies for my business expansion and growth. I always leave each meeting feeling confident about my business and the direction I'm heading into."
Executive Director of Tailored for Success
"RK has helped me tremendously in gaining clarity for my business. Before working with her, I did not have a plan for how I was going to raise visibility for Tailored for Success. Now, I'm working with a great virtual assistant and learning that as Executive Director I cannot and should not do everything myself.
RK has a way of guiding and helping you develop yourself as a leader. Not by "tough love" but through honest, practical feedback; I highly recommend working with her."