The one-page business plan is something I have used hundreds of times in training and teaching over the years. In many instances, people have been labouring for some time over the massive forms that the bank gave them to fill in. It’s all too baffling and unnecessary.
This simple plan unclogs it all. I even had an example recently where a friend had been slaving over her business plan for three months without really getting anywhere. This simple equation solved it in twenty minutes. So here we go.
Start at step one and work your way through. You will need to be able to fill in these numbers to establish whether your business is likely to work or not. If it doesn’t, go round again. It’s really that simple. And if you still can’t get a result, then call me and we’ll sort it out.
The one-page business plan
Step 1: How much do I want to earn each year? _________
Step 2: A realistic expenditure per customer/visit/transaction/project is: _________
Step 3: A realistic number of customers/visits/transactions/projects is:
_________ per day
_________ per week
_________ per month
_________ per year
Step 4: How much money will this frequency generate?
£_________ per day
£_________ per week
£_________ per month
£_________ per year
Step 5: Now deduct all costs from the £ per year figure:
Per year total: £_________
Minus costs: £_________
(If your salary is included in these costs, then make sure it equals the figure in Step 1. If it doesn’t, see Step 6.)
Step 6: The figure remaining should equal or exceed the figure in Step 1.
If it doesn’t, change something. This could be:
Expenditure per customer Number of customers Costs The amount you want to earn each year (if you overshot a bit) All of the above
Expenditure per customer
Number of customers
The amount you want to earn each year (if you overshot a bit)
All of the above