Friday, May 22, 2020

Mini Business/Side Hustle Plan



Hey Tribe, I have created a free and simple mini-business plan to help all creative and social entrepreneurs map out their side hustle/small business needs.

1. Your WHY/Mission/Vision- To upstart your side hustle/small business, you need to know why you are starting in the first place. This is called storytelling/your pitch. People usually connect with you due to your story. We all have a story to share, and when you are in business, people want to know your story, and you need to know your why. Take a few minutes to think about your why and write it down.

2. #Goals #Goals #Goal: You should have personal, professional, and business goals. These goals will help you and your business to grow. When you sit down to write your goals, think BIG because this is the "Do or Die" time when starting and growing a business. Don't shrink yourself or your goals. Your goals should consist of happiness. How much money do you want your business to make? Location-free business? International business? Local business? This is when you will explore your goals, write them down, develop a timeline, 3-5 action plans to achieve goals, and get it in. No shortcuts. No shrinking your greatness. Make sure your goals are achievable and realistic.

3. Who is your business for? What is your target market? This business is very pertinent because you need to research, know your customer, afford your services/products, see your customer before they see you, solve their problems, understand their goals, know where they shop, their hopes, dreams, and etc. You need to flush out this section. Be very descriptive. Give your ideal customer a name. Gender. Where do they live? What do they drive? Martial status? Educational status? Location? Traveler? Nationality? Ethnicity? Music genre of choice? How much do they make? Brands they love? Personality? What do they do for a living? What are some things they hope for and dream about? Volunteer? This will help you know your customer and start creating products and services based on what you have written down.

4. Social Media Platforms/Where are your customers? Do they like social media? Are they on Facebook? IG? Have Twitter fingers? Pinterest? Snapchat? Love emails? Love text messages? Where do your clients communicate the most on?

5. What are your services/products? Do you have affordable pricing? Have you sent out surveys and received feedback back? Focus groups? Giveaways and contests? Appropriate labeling? Why should anyone purchase your services/products? How many streams of income can you create from your products/services?

6. Outside Activity: Do you attend vending events? Networking events? Have business cards? Go to conferences? Public speaker? Enter pitching contests? Participate in your local incubators? Chamber of Commerce? ETC

7. How many coins do you need to start your business/side hustle? There are plenty of grants you can apply for to start your business. You have loans, microloans, and other kinds of business loans. Do you have a separate business account? Can you start your business right now without funding or funding from your own pockets?

This mini business plan should keep your business. This is the primary stage to see how to operate your side hustle with a plan and vision.

Please share this mini business plan with your fellow side hustlers, creatives, and social entrepreneurs. Let's get paid and not play for our creativity.

Get Paid And Not Played: Startup business strategy session: https://browngirlcoaching.as.me/goalsgoalsgoals.

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