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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.
[MUSIC] 0:00 In our previous stage, we went over the moving parts of a business model so 0:04 that we could gather all the necessary information for our business plans. 0:08 Now, that was all very conceptual. 0:13 So let's look at how we can apply some of that to a specific scenario. 0:15 Now, I picked an example that I think will be very relevant to those of you watching. 0:18 In the next set of videos, I'm going to assume the role of a web designer or 0:23 developer who wants to quit their day job and start a freelancing business. 0:27 Now, in this scenario, writing down a business plan will serve the purpose of 0:32 helping me lay out my vision for my venture. 0:36 Now, if you remember the different types of business plans we went over, 0:39 the best one for our purpose is the strategic business plan type. 0:43 This means we're going to go over all the different working parts of our 0:47 business model. 0:50 Now, since this business plan is primarily for 0:52 our purposes, I'm going to keep the format very simple. 0:54
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