Making a Business Plan

An excerpt from the Freelance Writer’s Toolkit.

CREATE A BUSINESS STRATEGY. A business strategy includes researching the business you are planning and the market conditions. It then details the objectives you have for your company.

HAVE A BUSINESS PLAN. Unless you have a plan, how will you know whether you’re on the right track?  This should cover the main elements of your business.

KEEP YOUR BUSINESS PLAN SIMPLE and easy to revise in the future. The key to making a business plan before starting your business is so that you will go into business with a clearer picture of where your business is headed and provides you with a glimpse at obstacles that you may need to overcome.

KNOW WHERE YOU ARE GOING. What vision do you have for your business? This is an important part of the business plan and will help you in determining the direction your business will grow in the future.

Order the Freelance Writer’s Toolkit here for more great tips and resources on starting and running your freelance writing business.

Next: Advantages & Disadvantages of a Sole Proprietorship

About Karen Y. Hamilton

Karen leads workshops in Creative Writing, Poetry and Journal Therapy, and Memoir Writing. She has studied genealogy and personal histories since 1987, lecturing and leading workshops on Memoir Writing and Journaling to the community since 1998. Karen holds a BA in English and has studied Literature, Business, and Education at the graduate level. She is a former college instructor of English Composition and Reading. In the past, Karen has worked as a high school & middle school teacher. She currently works as a Curriculum Specialist and is an MFA Creative Writing student at Florida Atlantic University.
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One Response to Making a Business Plan

  1. Pingback: Checklist for Starting a New Business « Karenzo Media

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