[0:00]How to write a business plan that works? A good business plan can open the door to not only a successful business, but tons of money for your business.
[0:10]I'm going to show you exactly how to get a business plan that gets you all the money that you need for your business.
[0:16]Let's go. Noelle.
[0:21]Yeah, she can fix that. If you gotta get it done, all you need to do it better.
[0:24]Well, she can fix that. Yeah, she can fix that. Investment to get back, trying to get a big stack. She can fix that.
[0:29]Yeah, she can fix that. Let's fix that.
[0:34]I'm going to share with you a detailed step-by-step process on how to write an amazing business plan that gets funded.
[0:40]I'm going to share with you the fastest way to start a successful business to sell your products or get clients fast.
[0:46]And last but not least, I'm going to share with you how to use your business plan to get hundreds of thousands of dollars in business funding.
[0:54]A good business plan can open up the door to so much more than just knowing what you're going to do.
[0:59]Most people fail in their businesses because they fail to have a plan. Again, if you fail to plan, you are planning to fail.
[1:08]So writing a business plan is something that most people do not think is necessary, but it is one of the things that changes businesses and as a teacher and a coach, I know for a fact that my students that do their business plan versus the students that don't have a much different success rate.
[1:24]My students that take the time to write a business plan and actually think about what it is that they are going to do, not only do they get more business funding, they actually have more success in their business and in my program.
[1:35]I know that writing out what it is that you're going to do, how you're going to get clients, how you're going to market, and how much you're going to spend is absolutely a game changer for any business.
[1:47]Additionally, I know that you can use your business plan to get funding from investors and from lenders.
[1:53]So let's talk about how you do it. So step one in your business plan, the overview of the business. What exactly is it that your business does? You need to define that. What is your mission? What is your purpose?
[2:06]Again, what does your business do? How does it get clients and how does it serve them? That's the easiest thing to define in your business.
[2:15]If you, for example, are a videographer, what type of videos do you make? Do you make music videos or do you help people make YouTube videos like Noel is making?
[2:26]What type of videographer are you? Do you do weddings? Do you do parties? Again, you have to start thinking about what it is that your businesses does.
[2:35]You can't just say that you do everything because in that case, you don't do anything. Step two, who are your customers? Who are you serving in your business? What type of people do you want to help?
[2:45]So one of the things that gets defined in the overview of the business, where you say, okay, I'm going to make videos for people. Then you're going to niche that down a little bit further and you're going to go and decide who is it that you serve.
[2:56]Do you want working professional people? Do you want long-time entrepreneurs? Do you want to film children? Do you want to film young adults, high school kids, weddings, banquets, corporate events?
[3:09]What type of videos is it that you want to make? Just using that as an example. This is very important and something most people do not do, and this is another reason why people end up with a business that they hate.
[3:18]You have to clearly define who it is that you serve so that you know you're attracting the people to you that you want.
[3:26]No one wants to create a business where they hate their customers and their clients. That is the worst type of business that you can create.
[3:33]In fact, you might as well just keep a job if you're not going to pick your clients and your customers. This is important to any business.
[3:40]Even if you have a business that's open to the public, like a restaurant, you want to start to get very specific with what type of customers you serve.
[3:47]If you do this, you will be exponentially more successful than someone that does not plan on who they are going to serve.
[3:54]So think about this and create your avatar of the type of person that you want to serve in your business.
[4:02]Get really clear about this and write it down in your business plan. This not only helps you, it will help your investors and your lenders. I'll tell you how.
[4:10]Step three, how do you make money? This is the part that people always think about, but they really don't plan.
[4:17]People want to make money in their business, but they don't necessarily plan on how they're going to make money.
[4:24]They figure, okay, I'm going to make videos and then I'm going to charge. How much are you going to charge? What type of packages will you do?
[4:31]How often do you do them? You want to create a business that has recurring revenue, no matter what the type of business is.
[4:38]So if, for example, using our example where you want to make videos, you can create packages for people so that they get multiple things from you, and you can create stable income for yourself.
[4:48]Even if you do hair or makeup or something like that, you can create packages for your customers that gives them a longer relationship with you, not just a one-time thing.
[4:58]You want to start thinking about your business long-term, not just transactional. So many people try to get one client at a time and their businesses fail.
[5:08]That's not a plan. But if you create a plan with how much you're going to charge for your services and you package them up in a way that creates stable income for you and services to the customer that are recurring, you can create a situation where you have a business that will get funded a lot easier.
[5:25]So think about not only how much you're going to charge, but how you're going to package up your services or your products.
[5:31]Where do you get your customers? How do you get your customers? This is the next step that you need to define.
[5:38]Are you going to use Facebook ads? Are you going to use letters? Are you going to put out signs? Are you going to do Google ads?
[5:43]Are you going to have a guy in the street standing there with a sign trying to get people to come into your salon? Again, what exactly are you going to do to get your customers?
[5:54]It's very important to have a mini marketing plan within your business plan. Now again, as you start in your business, you're probably going to tweak and change this, but before you ever get started, you need to think how am I going to get customers?
[6:06]How are people going to know about my business? There's tons of ways to do this, but you need to have a plan.
[6:13]Think about it and make sure you write it down in your business plan because this is important.
[6:18]And last but not least, how are you funding your business? This is the part that most people just skip altogether.
[6:25]They never really think that they're going to need money to continue their business, but you're going to need money for your web hosting or maybe even for your phone service that comes each month.
[6:33]You're going to need some money to keep your business going. So where are you getting the funding from your business from?
[6:40]And this is where I have a bonus tip for you. You want to start building business credit and make that a part of your business plan.
[6:47]You can work on building your business and your business credit all at the same time. Just make sure that you put it into your plan.
[6:54]Like each month, I'm going to use these vendors and they're going to report to Dun and Bradstreet, and I'm going to check my business credit report and I'm going to grow my business credit, which will then in turn get me business funding and grow my business a lot faster than it would using my own personal savings or my own personal credit.
[7:11]So again, most people skip this and this is how you can get money from lenders and investors.
[7:18]If you actually build in your funding and building business credit into your business plan, you will open up the door to get hundreds of thousands of dollars from lenders because in many cases with just three months of bank statements and showing your business plan, you can get funded for your business.
[7:35]Yes, it's true. So I have written an entire book that I want to make sure that you get your hands on absolutely free.
[7:44]I will teach you all of what I've done to start from zero and change my life into a multimillionaire. My new book, Real Estate Millionaire Secrets, is the complete beginner's guide to real estate investing, building a business, and even using business credit to take you to the next level.
[8:00]Check out my new book for free at noellesfreebook.com. That's Noellesfreebook.com.
[8:08]Noelle is spelled N O E L L E with an S, noellesfreebook.com because I want to make sure that you have all of the resources, all of the tools, and all of the knowledge that you need to be successful.
[8:21]This is Noel. To your success.
