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

Published by: Karen Y. Hamilton

Walt Whitman says about his autobiography, Specimen Days “…At any rate I obey my happy hour’s command, which seems curiously imperative. May-be, if don’t do anything else, I shall send out the most wayward, spontaneous, fragmentary book ever printed.” This is what I feel at this juncture of my life, the need to gather together memories of my ancestors as well as my own memories into some semblance of order. Because all of those fragments, all of the fragments that make up any life, become stories. I am the mother of three sons, who affectionately (I hope!) call me 'gypsy mom' because I tend to wander around a bit soaking in the universe's wonders. I am currently working towards an MFA in Creative Writing at Florida Atlantic University. I have published essays with Heritage Press, Florida Living, and the St. Pauls Review. I am currently working on a book of poems about the Florida Everglades pioneers and a memoir about grief and the bonds of friendship. I live in my hometown, Jupiter, Florida and work as a freelance writer and curriculum specialist.

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