Creating Your One Page Business Plan and Path to Profit

Posted on /by Natalie Sisson/ in Build Your Online Business / 31 comments

Let me ask you a question. When you jump in your car or on your bike, do you do so without any idea of where you’re going? Nope? Didn’t think so.

Unless you just felt like taking your car out for a spin or getting lost on a bike ride, I’d say you would almost always know a rough route of where you’re going, how long it will take and what you’ll do once you get there.

So it blows me away that people do not have a road map for their business. A business plan is quite simply a great investment of your time. I hear excuses flying at me from left, right and centre such as:

“I just don’t have time”, “I have too much work to do”, “I’ll do it someday”, “It seems like too much work and too complicated”, “I have no idea where to start”, “I don’t need a business plan, I’m making money already.”

To which I say, `Good luck on your journey to nowhere cos that’s exactly where you’re heading.’

If you take offense at this, then great – I’ve got your attention. I’m not writing this to give you all the answers and tools without you putting in some work of your own. Although I’d love you to check out my BYOB Build Your Online Business guide that contains all this juicy knowledge and more. Or my Freedom Plan Program which has a whole module on this!

I’d also like to let you know that contrary to what people may tell you, your business plan does not have to be a book. It can be just one page and still work wonders.

Getting Clarity in Your Business Model and Path to Profit

There are many ways to do this and you need to do what works for you. But make sure you take action and actually write it out. You need a clear picture in your head of where you’re heading. Writing down what you’ve been carrying around in your head makes it so much more tangible and instantly clarifying.

Each year I intend to make my progress bigger and better – both personally and professionally, and I do this in just one hour or less (granted I do lots of thinking before hand, and then it’s simply translating these thoughts onto paper).

Make sure you take 30-60 minutes to get that 1 pager written up – it doesn’t have to be perfect, but it’s a damn good start!

The One Page Business Plan

This week I want you to complete a simple 1 page business plan. Here’s how it works, each point below is one section:

  1. Write out your mission – a sentence that gets your fired up on why you do what you do
  2. State your 5 main BHAGS – Big Hairy Audacious Goals (make them SMART goals too – specific, measurable, achievable, realistic and time-bound)
  3. Write down 5 strategies to achieve those BHAGs
  4. After that, write down one figure – your total annual budget
  5. Then write your annual income projection
  6. Write out your Income Projections and very brief explanations of what makes up your revenue streams (this is how you get the figure for No 5.)
  7. Follow this with a section on Future income projection – all those things you really want to achieve that are part of your bigger vision
  8. State your total projected costs and expenses and follow with a brief explanation, e.g $8,000 pa (rent), $9,000 (contractors), $700 (phone) etc
  9. State your personal credentials (degrees, awards etc) to remind yourself why you’re `worth it’
  10. Finally, state your 2-3 areas of personal growth and skills you want to invest in this year such as coaching or courses

Surprisingly, this all fits on one page – it’s meant to a snapshot you can refer to every week to ensure you’re on track. Along with it goes a 2-3 page Strategy and Tactics document where I take my goals and strategies and flesh them out further into tangible tactics to take place each month.

Download your FREE One Page “Miracle: Plan from me here. 

It’s a PDF that you can actually fill out directly and then save.

More Tips for Your Success

Make sure the goals you have set are realistic – if you have 20 on your list, that’s just a recipe for failure, especially if they’re all very grand. If you put “Earn $1 million dollars in 2 years,” but have no strategies to get you there, then think again.

There’s no way you could lose 5kg in two weeks, run a marathon, start a second business, launch a product, write a book and travel for 6 months for example if you don’t have a plan on how to do that step by step. But you can set monthly and quarterly goals that work towards your bigger goal of financial freedom or healthy eating habits for life that will ensure you don’t give up and instead make your dreams a reality.

 

 

  • TriKro

    You should check out Osterwalder’s Business Model Canvas if you want a nice template for a one page business model (not a business plan.)

  • NatalieSisson

    @TriKro Thanks for the tip Tristan. I also really like the Business Model Canvas that @yupana_ca is using with his clients https://www.businessmodelgeneration.com/ – it gives you so much insight as to where you’re flourishing and what you need to expand on

  • AnnieAndreHacks

    Natalie,

    This is great. I think so many people are turned off by the thought of a business plan because they think it has to be 20 pages, with intricate numbers, facts, market share. A simple one page business plan is much more doable.

  • Arvind Devalia

    Natalie, this is my first visit to your blog – and thanks for this very timely and succinct reminder of just how simple a busines plan can be.

    There’s no rocket science in creating a successful online business – thank you:-)

  • NatalieSisson

    @AnnieAndreHacks Exactly Annie, and anything that makes it easier for people to put their roadmap on paper and chart their direction is what I’m here to help with. Of course there’s more work that can be done beyond the 1 page such as fleshing out your strategies even further and writing up your ideal customer, what your brand message is etc but that comes with time as you get clear on what your business is an where it’s going.

  • NatalieSisson

    @Arvind Devalia Hey welcome Arvind. Great to have you here. There’s simplicity in simplicity. You’re so right.

  • michelle.fifis

    Hi Natalie!

    I just discovered your wonderful series. I signed up for your BYOB updates, but will I still receive the templates and tools since I am late to the game? Thanks!

  • NatalieSisson

    @michelle.fifis Oh yes definitely Michelle. I’ve popped them into autoresponders so they’ll get fed to you once you start.

  • LifeOutofaSuitc

    This is fantastic! I’m reaching for my notebook already….

  • sponsoredbythewind

    Thanks for the very original and practical mini-guide.

  • .my nameis uchenna johnson chukwurah.

    many thanks,for the one page business plan creation but i need your help hear if possible .am an entrepreneur i have been in business for six years ,what can i do to finance my business without loaning from bank.

  • Great article on creating a single business plan

  • Ray Lardie

    Just wrote up my business plan as part of the 30 Day Blog Challenge. It really helps me get my thoughts in order. Would you be willing to expand on what you do for your Tactics and Strategy page?

  • Ray Lardie

    Just wrote up my business plan as part of the 30 Day Blog Challenge. It really helps me get my thoughts in order. Would you be willing to expand on what you do for your Tactics and Strategy page?

  • I was born with cerebral palsy. I have never been able to write with a pen or a pencil. Despite that, I managed to get a bachelor’s degree in translation (but I don’t like translating…) I got a M.A. In communications. Despite my lack of coordination I do digital photography, I am very good with technology, though extremely disorganized. I started a blog. I am unable to get traffic. I want to blog, I want to write books, and I would like to do some motivational speaking and some coaching. Now, most persons with disabilities is a very difficult market to define and I am not sure that they have money… I know I have the ability to do many things but I am really not sure how to go about achieving my potentiali. I think I am looking for help… 🙂

  • I was born with cerebral palsy. I have never been able to write with a pen or a pencil. Despite that, I managed to get a bachelor’s degree in translation (but I don’t like translating…) I got a M.A. In communications. Despite my lack of coordination I do digital photography, I am very good with technology, though extremely disorganized. I started a blog. I am unable to get traffic. I want to blog, I want to write books, and I would like to do some motivational speaking and some coaching. Now, most persons with disabilities is a very difficult market to define and I am not sure that they have money… I know I have the ability to do many things but I am really not sure how to go about achieving my potentiali. I think I am looking for help… 🙂

    • fastow2012

      Hi Sophie. Consider this:
      and that from a child, thou hast known the holy scripture which are able to make thee wise.
      The keywords here are “able to make thee WISE”. That word wise.
      Meaning what? Give yourself to studying the bible on a daily basis and I challenge you to come back within 12 months and still say: I was born with cerebral palsy; i’m really not sure how to go about achieving my potential.
      I know the stuff enough and has seen at work for many ppl that I can bet anything on it. Try it and let me know if you need help.

  • Can’t wait to put that into action 🙂

  • Can’t wait to put that into action 🙂

  • Great one-pager. Using it now to write a simple business plan for my new business. Thanks for providing this.

  • Great one-pager. Using it now to write a simple business plan for my new business. Thanks for providing this.

  • The One Page Business Plan 1-10 great post

  • The One Page Business Plan 1-10 great post

  • great business plan adv

  • great business plan adv

  • I cannot download the BYOB form. Is anyone else having this problem and if so does someone have it?

    • Hey Diego. It works fine for me. You just have to wait for the Dropbox link to load then right click and save as

  • I cannot download the BYOB form. Is anyone else having this problem and if so does someone have it?

    • Hey Diego. It works fine for me. You just have to wait for the Dropbox link to load then right click and save as

  • Johannes

    great article. Could you update the dropbox link
    Download your FREE One Page “Mircale: Plan from me here”
    please?
    Thanks a lot and best wishes!!!

  • Johannes

    great article. Could you update the dropbox link
    Download your FREE One Page “Mircale: Plan from me here”
    please?
    Thanks a lot and best wishes!!!

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