150: Seven Steps to Create a Successful Business Plan

Live Life Rich

Marissa Nehlsen Welcome back to Live Life Rich! In this episode, Marissa gets back to the basics and outlines the essentials of creating a great business plan. She breaks down the seven core components every successful business plan needs: Summary & Goals, Products & Services, Customers, Competitors, Operations, Marketing & Sales, and Financials.

Marissa emphasizes the importance of evaluating each area on a scale of one to ten and shares her thoughts on crafting a one-page business plan that can take your startup to new heights. Each component can help you analyze your business and develop an effective hiring and firing process.

Keep your business on track by understanding financial terminology and self-leadership. Hear Marissa’s thoughts on creating a one-page business plan and the books and movies that can guide you. Finally, she challenges you to never give up on your dreams and never go back to what broke you.

In this episode, you will hear:

• Getting back to basics with a winning business plan: Summary & Goals, Products & Services, Customers, Competitors, Operations, Marketing & Sales, and Financials
• Evaluate each core component on a scale of one to ten for a well-rounded plan
• The importance of understanding financial terminology and self-leadership in business success
• Create a one-page business plan for a focused approach to your startup
• Marissa’s recommended resources: The E-Myth Revisited, Traction, and You Are the Brand

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Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know I sent you.