Learn With Shopify is a YouTube channel designed to help you start or grow an online business. Every week, we bring you new videos on topics related to entrepreneurship, to help you on your journey. We cover everything from social media marketing to loyalty programs to writing a business plan. Be sure to subscribe to the channel right here & see our library of videos here.
If you want to have a strong and successful business, you’ll need to start with a clear plan. It is inevitable that you will face challenges on your business journey, but writing a business plan up front means that you’ll be able to anticipate obstacles, find new directions, and give yourself a roadmap to success. Without a business plan, you’re more likely to be caught off-guard by mishaps, or feel unclear about your priorities or next steps.
Besides, did you know that entrepreneurs who write formal business plans are 16% more likely to achieve viability than entrepreneurs who don’t? It’s such a simple step but it can go a very long way towards building a more sustainable and functional business for the long haul.
In this video, I’ll be walking you through the eight key sections that every business plan should include and explaining what kinds of questions you’ll need to answer for each one. You can also download the business plan template right here to follow along with the video & start writing your own plan today!
Ready to plan for the success of your business? Watch the video over on the channel or right here! ⬇️
Fail to plan, plan to fail
Have you ever written a plan for one of your entrepreneurial endeavours? What was the hardest part for you? I’d love to hear more about your experience with business plans in the comments below, or over on YouTube! Drop me a note right here, or come say hi on Instagram! I would love to hear from you, so I can keep bringing you helpful content.
PS. To make time to write a business plan, you may need to boost your productivity! If you’re looking for simple ways to increase your efficiency, sign up for my free video workshop below.