How to create a Business Plan for Beginners and not die trying!

By Diana Carolina

Oh yes, the fantastic world of business and entrepreneurship. Picture this: you have a fantastic idea that you believe can change the game, but now it's time to put pen to paper (or fingers to keyboard) and create your very own business plan. Don’t worry, we’ve got your back and we’ll guide you through this process. 

Step 1: Embrace Your Inner Dreamer (and Realist):

First things first, let's get your creative juices flowing! Take a moment to dream big and envision your business's ultimate success. It's time to blend your dreams with a healthy dose of reality. Assess the market, study your competitors, and evaluate the potential challenges that lie ahead. Dream big, start little. 

Step 2: Define Your Unique Value (or as One Direction would say: What Makes your Business Beautiful):

In a world filled with countless businesses, what sets you apart from the crowd? Think about your unique value proposition—the "special sauce" that makes your venture irresistible to customers. Are you offering a cutting-edge product? Unbeatable customer service? Discover your secret ingredient and make it the heart and soul of your business plan. Authenticity is your weapon. 

Step 3: It’s all about the money, money, money

Start by estimating your startup costs and creating a budget that would make Scrooge McDuck proud. Dive into revenue projections, profit margins, and break-even analysis and if it gets too tiresome or overwhelming, you can always picture yourself in the cover of Forbes. You go this! 

Step 4: Map Out Your Marketing Strategy

From social media acrobatics to content creation magic, outline your marketing strategies and tactics. Let your creativity shine through as you consider quirky advertising campaigns, hilarious viral videos, or even pun-filled slogans. After all, laughter is the best marketing medicine! Especially in an era when virality is what put businesses on the map really quickly. 

Step 5: Expect the unexpected 

In business, as in life, things don't always go according to plan. Prepare yourself for the unexpected by outlining potential risks and developing contingency plans. Think of it as a choose-your-own-adventure story where you're the hero navigating through unexpected plot twists. Remember, the ability to adapt and problem-solve will be crucial to move forward.

And you’ve done it! It may sound reductive but this is all you need to get started! Don’t worry if you feel like you didn’t cover all the bases properly, these things are better done than perfect! You can always come back later, wiser, and review it. Starting a business is overwhelming enough, don’t make it harder on yourself! 

By the way, if you’re looking for a detailed guide on how to start your podcast? We’ve also got you covered! We created a detailed guide on how to start your own podcast, which equipment to use, and all the checklists to you need to keep track of everything! Including a content planner! Check out our Etsy store and find everything you need to start launching your brilliant ideas!