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Business Planning Pivoting Your business with a Strong Business Plan Hi, I’m Many of you know me as an interior designer and may be wondering what relevance I have Rachel! in the world of business plans! Washington State University: BA in Interior Design 2005 City University of Seattle: Our “thesis” for the Masters in Business MBA program was a Administration with a business plan that we Marketing Emphasis in spent two years 2013. developing. Why have a business plan? Goal: Serves as a reminder- what’s next? Help us manage sudden shifts and make adjustments in our approach. Set SMART goals and track them. Be an effective leader Develop partnership plans Prevent business owner distraction I start my plan I start my plan with a Table of with a Table of Contents. Contents. Getting • My plan is Started: approximately 75 pages long- if you The format intend to really get into it, a TOC with links would be a great way to use this as future reference. Section 1: The Introduction Key Purpose Clientele Characteristics What are you known for? Vision and Mission Who do you work with? Brief summary of your Do you have a tagline? What do they desire? business. This goes here too. What challenge will you When did you launch? With solve for them, and how what intention? will you solve it?
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