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