Business Plan. These two words can derail the most enthusiastic of hope-to-be private practice owners. When I started researching business plans I got stopped in my tracks because all the reading I did was on these long, muti-page, detailed documents that outlined financial forcasts and incorporation plans. Whew! Just writing about it now makes me break out in a cold sweat!
I could have let that business plan overwhelm stop me. But I really, really, really wanted to have my own business and went forward, searching for a way out of that prerequist for starting a business and this is waht I found.
- You do need a business plan. It does not need to be long, overwhelming or complicated.
- A business plan is somewhat like a treatment plan. It outlines what you want to do in a business, how you will do this, and when you will get these things done.
- A business plan allows you to develop goals for your business development, outline the means by which you will meet those goals. It also allows you to set a concrete timeline to complete your goals.
Business plans are like a roadmap, or blueprint, toward your business goals and development. It organizes your thoughts and plans. Without a business plan it is very easy to start one project, drift to another, or lose track of your priorities (trust me on this one). Your time is valuable, so make sure you are using it wisely and efficiently. The best way to be organized is with a plan!
When I started out, my business coach directed me to The One Page Business Plan for the Professional Consultant
, by Jim Horan, Jr. He has a great approach to business plans and, yes, you can put it all on one page! The book also comes with a CD with supportive software to help you brainstorm, write and print out your plan. It is all very straightforward and once you are done you have the roadmap to start to grow your private practice business!
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