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Setting the Stage0:58 with Pasan Premaratne
Let’s come up with a setting for our exercise. In this video, we talk about the the hypothetical business I’m creating and how to go about planning for it.
In our previous stage, we went over the moving parts of a business model so
that we could gather all the necessary information for our business plans.
Now, that was all very conceptual.
So let's look at how we can apply some of that to a specific scenario.
Now, I picked an example that I think will be very relevant to those of you watching.
In the next set of videos, I'm going to assume the role of a web designer or
developer who wants to quit their day job and start a freelancing business.
Now, in this scenario, writing down a business plan will serve the purpose of
helping me lay out my vision for my venture.
Now, if you remember the different types of business plans we went over,
the best one for our purpose is the strategic business plan type.
This means we're going to go over all the different working parts of our
Now, since this business plan is primarily for
our purposes, I'm going to keep the format very simple.
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