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Making a plan for your home business



Making a plan for your home business
   

Writing a business plan might seem like an onerous task but, if you put your mind to it, you can write a plan within the day and it certainly does help to clarify and confirm objectives.

Here are my top tips for creating a brief but purposeful plan!

Try to find a day when you will have the least amount of distractions – maybe a Bank holiday or weekend as you can work on the plan, uninterrupted by emails and phone calls.

Keep the plan brief. This applies whether you are sending it to friends/family for them to consider investing or if it is just for your own sense of clarification. The best ideas can be expressed in the shortest amount of time but be sure to include some key headings, being:

The product: What is the service or product you are offering?

The market: Who will you be selling to and who else is currently selling to the same market?

Operations: How will you develop, promote and sell the product and retain customers?

Financials: Does it all add up? Will you earn more than you spend?

It is well worth dedicating a good day to this exercise. A well-written business plan will remind you of your key business objectives and you can return to it every six months or so to ensure you are meeting targets and to update the contents.

Emma Jones is Managing Director of Redbrick Enterprises Ltd and Editor of Enterprise Nation, the home business website.



Making a plan for your home business - To learn more about this author, visit Emma Jones's Website.

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About the Author


Emma Jones
(Visit Emma's Website)
Emma Jones is founder and editor of Enterprise Nation, the home business website, and has started two businesses herself from home offices in London, Manchester and rural Shropshire. Following a career with international accountancy firm, Andersen, Emma started her first business at the age of 27 and successfully sold it just 15 months after launch. Emma launched Enterprise Nation, the home business website, in January 2006. In its first 18 months, the site attracted more than 400,000 visitors and national press headlines. As a business consultant, Emma is an authority on business issues and as founder of Enterprise Nation is well tuned to the unique issues of home businesses in the UK. She has written for Enterprise Nation since its launch and also for the Financial Times, City AM and customer magazines, including for Orange and Viking Direct. Her syndicated columns appear on a range of websites from Microsoft’s site for small business to women’s website www.busyg irlsguide.co.uk Emma is regularly called upon by the Government to speak on the subject of home business and advises Regional Development Agencies on how to encourage and support homeworking.
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