183: Breaking Down Your Business Plan Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Bookkeeper, Virtual Assistant, Business Owner
183: Breaking Down Your Business Plan Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Bookkeeper, Virtual Assistant, Business Owner, Or Self-Employed
Having a clear business plan and strategy in place so that you know the direction you want your business to go is one step in the process of reaching your goals as a business owner. When you take these strategies and develop milestones for each of them, you will be crystal clear on your next steps to success. Creating your business milestones will help you deepen your understanding of the process to reach and take action on each of the strategies in your business plan. Every milestone you complete brings you forward to accomplishing your overall progress of implementing your strategies in your business. Knowing the exact path and actions you need to take to reach and move on to the next milestone helps you stay the course of your overall business strategies. By reviewing and monitoring your business strategies and milestones, you’ll know if changes need to be made or if additional milestones are needed. Your milestones, like many other areas of your business, are not set in stone and may need to be altered throughout your business which allows you to quickly see any changes that may need to be done in your business and create the flexibility to pivot whenever necessary while keeping your overall strategy in place. In today’s podcast episode, I’m helping you with processes to create these milestones and decide when you should be reviewing them as well as how to make changes so that your business can reach success in the most efficient and fastest way possible. It doesn’t matter if you are a self-employed individual, a solopreneur, entrepreneur, mompreneur, freelancer, small business owner, a remote, virtual, online, or in-house bookkeeper, or a virtual assistant or VA, listen in to today’s podcast episode so that you know exactly where you should be adding milestones in your business. These tips are essential whether you are using a computerized software system like QuickBooks, Xero, Wave, or FreshBooks for your business finances; or doing your bookkeeping manually with an Excel spreadsheet or even a Google Document…
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Show Notes:
Having a clear business plan and strategy in place so that you know the direction you want your business to go is one step in the process of reaching your goals as a business owner. When you take these strategies and develop milestones for each of them, you will be crystal clear on your next steps to success. Creating your business milestones will help you deepen your understanding of the process to reach and take action on each of the strategies in your business plan. Every milestone you complete brings you forward to accomplishing your overall progress of implementing your strategies in your business. Knowing the exact path and actions you need to take to reach and move on to the next milestone helps you stay the course of your overall business strategies. By reviewing and monitoring your business strategies and milestones, you’ll know if changes need to be made or if additional milestones are needed. Your milestones, like many other areas of your business, are not set in stone and may need to be altered throughout your business which allows you to quickly see any changes that may need to be done in your business and create the flexibility to pivot whenever necessary while keeping your overall strategy in place. In today’s podcast episode, I’m helping you with processes to create these milestones and decide when you should be reviewing them as well as how to make changes so that your business can reach success in the most efficient and fastest way possible. It doesn’t matter if you are a self-employed individual, a solopreneur, entrepreneur, mompreneur, freelancer, small business owner, a remote, virtual, online, or in-house bookkeeper, or a virtual assistant or VA, listen in to today’s podcast episode so that you know exactly where you should be adding milestones in your business. These tips are essential whether you are using a computerized software system like QuickBooks, Xero, Wave, or FreshBooks for your business finances; or doing your bookkeeping manually with an Excel spreadsheet or even a Google Document…
Welcome Back…Do you have a strategic plan for your business but lack the follow-through to reach your end goals? Most often, when you put your thoughts down on paper, whether in your business plan or a strategy plan, you lack the specifics you need to know when and how you can work through these strategies. This is why having milestones in your business is such an important detail that many business owners miss. By taking your plan and setting it in motion, you will see the details and the exact next steps you need to take to reach each individual milestone. This is where you can start measuring and seeing your progress.
For each strategy you have, you will want to make sure you have your milestones set in place as well. When you are creating your milestones, make sure that you set clear expectations so that you know when you have completed a milestone, as well as how much effort, resources, and money it will take to complete each milestone. This means that for each milestone, you will need to have a clear description of what needs to be done when it is scheduled to be completed and how much it will cost to achieve the milestone.
Each milestone should be assigned to a responsible party who can monitor the process, and milestones should be reviewed periodically. During this review, it is essential to see where you may need to focus more of your efforts so that you can stay on track. You may also find that you need to change your milestones if you find any problems or new opportunities that may come up in your business.
Let’s take, for example, you are currently running your business on your own and doing all the work. You may have a milestone in your business to hire and train a staff member. For this milestone, you would want to create a solid description of this milestone, being as specific as possible as to the staff member you will hire and train first in your business. List which responsibilities this person would have in your business when you would like to hire this person and how much you are willing to pay for this new employee. You also want to include any training that is necessary for this individual so that they are fully trained and ready to fully execute this position. You will also need to add a due date for when you would like to hire this individual and any due dates revolving around the training you want them to take so that they can completely take over these duties as of a specific date. By setting a budget amount, you will also know exactly how much this milestone will cost you when it is fully executed. Having all this information in place prior to even getting close to reaching the milestone will allow you to plan successfully so that you can reach the milestone without any surprises. As your business moves forward and changes, you could easily change the details in this milestone. For example, suppose you originally decided that you wanted to hire someone to do marketing for your business, but after a few months into your business, you decide your first employee should be someone to help you with office and bookkeeping tasks. In that case, you can easily change the details, and you still have the milestone that will help you reach your overall business strategy.
Keep your milestones fluid. This means that you allow for changes whenever necessary. One of the biggest reasons I see business owners hold back on creating any of their business plans or strategies is that they are afraid that they will no longer be able to make changes to them once they write them down. Most businesses are able to pivot on their original plans, which brings them much more success. This success often looks different from the original plans, so don’t be afraid to change your plans; just make sure that you are also changing your milestones to consistently reflect what you want your outcome to be.
By breaking down your overall business plan and strategies, you may find risks and roadblocks that may not have been easily identifiable before setting each milestone. You want to make sure that each milestone is measurable and achievable. Much like a SMART goal, you want to make sure you are setting up your milestones so that you know when you have accomplished each one. Map out your milestones so that you can clearly see the path you need to take to achieve your results. If you need help with your business strategies and milestones, I’m here to help. As a Certified Public Accountant, Business Strategist, and Business Coach, I help clients reach their next level of success. I work with business owners who feel overwhelmed, and we create simple processes so that they know exactly what their milestones are, the clear path they need to take to get there, and hold them accountable so that they can reach their milestones by the dates they intended. I’m inviting you to schedule a free consultation session where we can go over any questions you have regarding your business strategies and milestones. You can go to www.FinancialAdventure.com/Contact-Us and schedule a time that works well for you.
Imagine having a system in place where you spend less time buried in paperwork and more time doing what you love. That’s where I help my clients. They are able to have proper processes in place, understand why they are following through with these processes, and they have more peace of mind when it comes to their business. Striking a balance between the demands of running a business and maintaining a fulfilling personal life is an art; it’s about creating an environment where you can thrive and support your lifestyle. By being proactive and setting up efficient processes, you can ensure a smoother, more enjoyable year-end, and you’ll be prepared to file any necessary filings with the IRS. By working with me, you’ll change more than just your bookkeeping processes. Like many of the clients I’ve worked with, you’ll go from not knowing how to get through all the stressful situations or being unprepared to being totally in control of exactly what you are choosing to get done at the time you want to have it accomplished by, all while knowing you are doing enough and you’re able to enjoy your business and your personal life. I help clients just like you with strategy, mentorship, and coaching. When you work with me, you’ll show up much more differently than you do today, and, after all, this is what you ultimately want in your life, right? You can be stress-free in both your professional and personal life. Come join me. When I work with clients throughout the year, they are able to reduce their stress and overwhelm, understand how to master their small business finances, develop solutions to grow their bottom line, and create a work-life balance they truly enjoy. I encourage you to take the next step by signing up for a free consultation where I’m going to teach you the first step in my process so that you can eliminate stress, overwhelm, or overworking in your professional or personal life while you continue to get done what matters so that you can live your life with joy, purpose and a more fulfilled life. Feel free to reach out to me with any questions you have; I’d love to help you on this journey. You can schedule your free consultation or sign up for a coaching session today at www.FinancialAdventure.com. As a Certified Public Accountant and Certified Life Coach, I can help you set goals and develop a plan that will allow you to lead a happier and more sustainable life in your business, career, or your personal life. I’m here to guide you through the financial aspects of your business as well as help you focus on the strategies you need to follow to reach the success you want to achieve in your professional or personal life and stay committed so that you can continue to keep pushing forward and relieve the stress, anxiety, or overwhelm you are currently feeling. Having an accountant and certified life coach like me can provide you with valuable insights and ideas to help you simplify your life, which enables you to go back to enjoying your professional and personal life. I work with business owners, accountants, and other financial professionals to create the actionable steps they need to take to ultimately achieve their goals while getting relief from the stress and overwhelm they feel from the pressure of owning a business, deadlines, and the workload they face every day. If you are struggling with this as well and would like some help developing a solution, help strengthen and maintain your emotional health, increase your well-being, create a more positive, happy, and joyful life, set and achieve your goals, and manage your relationships, I’d love for you to join me in my Balance Life Coaching program so that you can live a more purposeful life. Each week, we meet privately one-on-one, and you get to bring whatever is on your mind on any given week. I also have a daily coaching program where you can talk to me whenever it works best for you, 24/7, any day of the week. In either program, you get to work on your highest priority, whatever you want more of in your life, or if there is something that is weighing on you heavily that you need coaching on, and we’ll work through it together. Having a certified life coach like me helping you through all of this allows you to feel so seen and cared for, and the results are amazing. Everyone benefits when they work with a certified life coach. After every session, you feel energized, and you know exactly what to do for the day or week to come, and relief knowing we will meet again to go over anything that comes up after your session. You’ll gain self-awareness while you take each step toward your goals. The investment in either of these programs is an easy yes for you. I’ve set these programs up in the most supportive way. If you are ready to join the Balance Life Coaching program, you can go to www.FinancialAdventure.com and click on the work with me button. You’ll see the link to join as well as additional information about the programs. Sign up now. There are limited spots available for these programs due to the one-on-one aspect, and they do sell out. If the payment link is gone, you can get on my waitlist to join the programs when additional spots are available. I help people get results and live a more joyful life. I coach everybody on everything. I know there is something you want in your life, and I can help you get it. I know this is something you’ve been waiting for. I’ve been asked by many of my listeners to create these exact programs. The faster you get access to the program, the quicker you’ll see the possibilities available to you. I also have a risk-free guarantee. I believe so strongly that everyone benefits from coaching that when you sign up for the Balance Life Coaching program today, if for any reason you are not satisfied with your first session, you can send us an email, and we’ll refund you immediately. Are you ready to enjoy your life now? Why would you want to wait? Make this investment for yourself. Take the journey with me…make it happen for yourself. Ask yourself why you need this program in your life right now. Are you ready to make bigger, bolder, stronger life goals? I’m looking forward to meeting with you soon and digging deeper to see where you currently are in your business or career and start creating actionable steps so that you can reach your vision and goals for the future, not only in your business or career but also in your personal life. I’m ready to work with you, see all of your successes, and watch you thrive in your business or career while creating your best work-life balance. I’ll post links to this and other valuable resources for business owners and accountants where you are listening to this podcast.
And, you know I’m going to ask…what’s at least one thing you will take away from this episode that will help your business succeed and grow your bottom line? If you need some accountability, join our PRIVATE Facebook community and post your action item, we’d love to support you.
