High Impact Business Planning (HIBP) puts what you’ve learned about your business from the SPARC Business Growth Framework and puts it to work for you.Unlike most business planning method, meant to help you seek funding, HIBP turns your knowledge about your business into action in an operational way.
The reason for making a plan for this is to eliminate potential roadblocks up front and thus increase the chances that this microbusiness will grow to a point where you should start considering a full business structure, outside investment, loans, and so forth. It looks at potential obstacles in your path and helps you think through solutions to overcome them now so that you’re prepared for them when they arrive. What it does instead is increases the chances for success to occur.
You have a greater likelihood of having a hit on your hands if you created a business plan up front.
This business planning process tells you what to focus on and measure every quarter, month, and week.
As a result, you’ll know what to work on every day to hit your goal and make business self-sustainability a reality for you! University of Oregon Department Economics study proves business planning has a positive business impact on companies that do it!
I would wholeheartedly recommend these planning tools to any company that is in need of a strategic business planning process that will deliver results. The fastest way to get started providing high impact to your business planning is to order our DIY Self-Study Program.
Just click the button below to order your copy and put yourself on the road to accelerated growth and business self-sustainability.
If you’re reaching the point where something more robust is in order, you should take a serious look at the business planning resources available from the Small Business Administration, which will guide you through the steps of actually setting up a proper business structure for your activities.
This guide is intended for people with a small idea that they can execute on their own without any outside investment and in their spare time – things like starting a You Tube channel, making jewelry or artwork to sell on Etsy, or writing a book. A business plan is simply a document that outlines what you intend to do to make your business succeed over the next three to five years.
A couple of readers even sent in business plans for their side gig for me to look at. I wrote a few personal responses, but then I quickly realized that it made more sense to put together all of the information in one single article to share with everyone.
The clear consensus among these readers is that they saw the value of the idea of a business plan for their side gig, but that they wanted more guidance. What follows is a guide to assembling a business plan for a small side business.