Tip # 1: Part I- Clearly Define Your Business

What do you mean I should have a written plan?

Clearly defining your business in the form of a written statement brings clarity to why you’re starting or are operating the business and crystallizes the reasons that you started your business in the first place.

Writing a plan and referring to the plan OFTEN, and updating the plan to keep it relevant and current, is a step that’s often missed as a person starts their Home Business, and it’s often the glue that holds a Home Business together when tough times are faced.

By writing an action plan you uncover the real reasons “why” you started your business and it solidifies your resolve to stick with the plan and brings your business to that transformational point.

If you’re like most people you started your Home Business to have more time, or financial freedom, or perhaps to help people in some manner.  Writing a short statement of the reasons that you started the business does two very important things:

  • It serves as a reminder of WHY you started the business in the first place, and reminds you of those good feelings you had when you started your business (and let’s face it, being in your own business can be, and often is. an emotional experience)
  • In addition, it is a crucial component of setting your goals.  Research shows that you are over 40% more likely to achieve your goals  JUST BY WRITING THEM DOWN.

When you go through what we all go through, the tough times, the times when you question if it’s all worth it, the hard work, the headaches and the heartaches, that it takes to succeed in your Home Business, your written plan will be your compass to keep you headed in the right direction and focused on your success.

Now, I’m NOT saying that you need a long detailed written plan.  Much of the stuff that people put into those plans is a lot of fluff.  While it may sound good on paper, much of it (or none of it) ever gets put into action.  What I’m advocating is simply a short written statement of “WHY” you started your business and the process to follow to achieve the results you’re seeking.

TIP:  your written goals are a natural extension of your written business statement and written action plan.  When writing your business statement and action plan, establish and write out your goals at the same time. This will ensure that the values are in alignment.

So let’s be honest.  As a Home Business owner it’s likely you do not have a written statement defining the mission of your business, nor have you a written out an action plan.  If this is the case you are most certainly part of the majority of Home Business owners.

But you can CHANGE that.  Take the time.  You can achieve this in a short period of time, perhaps  an hour or so… it’s the best time you’ll ever invest in yourself.

Construct a short statement of purpose and the actions that you’re going to take to bring your dreams reality.

Compliment your written business statement and written action plan by establish and writing out your goals at the same time.

Make sure to revisit the statement OFTEN and keep the action plan current.  It will be the catalyst in your journey to success.

Because defining your business, and defining how you will achieve success in that business are so closely interwoven,  in our next segment we will cover setting goals and how it will drive you forward.

Home Business Resource Center is dedicated to helping you achieve the success you are seeking.

If you would like additional information we have not covered, or you have questions or comments, please let us know.  We’re here to help YOU.  

“If you don’t design your own life plan, chances are you’ll fall into someone else’s plan.  And guess what they have planned for you? Not much.”~ Jim Rohn