One-Page Business Plan 2021: Build & Launch Your Best Business
March 03, 2021
Kimberly Ann Jimenez,
Digital Strategist & Founder
Whether you’re thinking about launching an online business, or you’re already established, chances are, you’ve probably thought about writing a business plan at one point or another.
So is it actually necessary to have a traditional 60-page business plan that details every single aspect of your company?
I think not.
So in today’s episode, I’m going to show you how to create a one-page business plan with simple but important questions you should be asking yourself and every single stage of your online business.
This entire process is inspired by our six-stage success path inside The Business Lounge.
As you can see, it’s broken down into six clear stages:
What are you selling?
Sounds basic, but throughout this process, basic is your friend.
Is there a market for it? If so, who will buy it?
So the key here is to clarify your market for the offers you’ll be selling.
As one of my mentors says, “emulate before you innovate.” Unless you have access to endless capital, it’s critical that we’re entering an existing market.
Next, get clear on who’s going to purchase this product.
Figuring out who your ideal client is so important. You want to spend a good amount of time doing research figuring out who this person is.
Emulate before you innovate. So for solopreneurs and small business owners like you and me, we want to make sure that we’re already entering an existing market.
How does your business serve people?
You want to make sure that you’re digging deep and figuring out how you’re going to serve and differentiate yourself.
Are there any gaps in the existing market you can fill?
What are your competitors doing right and wrong?
Related Read: Beginner’s Guide To Content Marketing In 2020 And Beyond
How much will you charge?
What is the price point of your product program or service? There’s a whole art and science to pricing. But when it comes down to it, pricing is subjective. So you want to make sure that you are starting at a price point that is competitive with the market and then increase your price over time as you add more value and get clear on your brand’s positioning.
What’s your predicted monthly revenue?
This is a key question and most people don’t really answer or stop to think about when they’re launching a new business or trying to grow or scale an existing one. So you want to look at your product, you want to look at your price, and you want to look at how much money you want to make every single month. Do the math and figure out the numbers.
Where will you establish your online presence?
You want to figure out where you’re going to establish yourself online, a website, social media handles secure all of that. Have that clear intention, and make sure that you document and write it down.
Related Read: How To Create A Content Marketing Plan
How will your customer hear about you?
Whether you want to go with ads or you want to have a more organic strategy where maybe you’re blogging and podcasting and creating content, building your email newsletter, or a combination of both of those.
What does your marketing strategy entail?
How will you expand your reach?
Some questions you need to focus on in this stage are how you can go from where you are right now to where you need to be? How can you scale up and start thinking bigger?
What are some passive income opportunities that may come your way?
And this stage, you might want to think ahead. How can you start creating more passive income opportunities to help you scale in the next few stages?
So this is where you might consider having something like digital downloads, templates, client audits, something that you can offer that’s less time-consuming for you.
How will you uplevel your customer experience?
How can you take things to the next level with your onboarding process, with your sales process, how your customers interact with your brand once they buy from you? These processes are so important to start thinking about even if you don’t have detailed ideas.
How can you delegate more to a team?
I think as entrepreneurs, we tend to pile a lot of responsibility on our plate. As you leave your company, think about better and more significant ways of reaching your customers. And let your team be that support structure that helps and keeps the company moving forward.
What key partnership can you develop to increase your profits?
There are so many key relationships that you want to develop in this stage that will really help you get to that next level.
What revenue milestone do you need to reach in this stage?
You want to get clear about your money. Again, going back to that question that we talked about in the launch stage, you want to ask yourself, what are my revenue milestones?
What visibility channels do you want to scale up?
This can really range from being on TV, doing an infomercial, all the way to really leveraging Instagram and Facebook and non-traditional media outlets, or maybe it just means that you’re going to be creating more partnerships with influencers and people who have a larger email list and can give you that special advantage that you need to get the word out about your company.
What are some strengths and weaknesses you need to leverage or overcome?
I’m sure that you have a clear picture right now of what strengths you have, as an entrepreneur, what strengths your company has. Also, what are the weaknesses that you have right now and you need to overcome, or that you need to figure out how to navigate so that you can continue to move forward.
OVER TO YOU
If you want to dig even deeper into this entire idea of growing your business strategically and sustainably, you want to check out The Business Lounge, we have a whole course library that will help you walk through every single one of these stages, what you need to understand and grow and leverage and every single one.
Plus, we have direct access to me and my husband, Chris, where we get together every month and coach you in real-time on any challenge any obstacle that might be holding you back. So definitely check that out.
I hope to see you inside!
And hey, if this blog was helpful and if you want more tutorials like this one, don’t forget to leave your comment below (I respond personally).
Join The Business Lounge!
Master Online Marketing, Turn Followers Into Buyers, & Increase Your Income…
(All without feeling confused + overwhelmed trying to figure out what to work on next).