Break Down Your Business Plan

Having decided on my 5 streams of income – plus list building – I needed to make more detailed plans so I would know exactly what to do to achieve these goals. The first thing I did was better define what was required to achieve each of these streams.

For example, one stream of income was paid teleclasses. So, I asked myself how many participants at what price I needed to attract each month to make the amount of income I wanted for this income stream. I did this for each of the five streams to make it very clear what I needed to accomplish to earn the monthly income I wanted.

Don’t Forget This!

In my last post, I shared with you that I’ve designed five streams of income for my business, and that the plan needs more detail before it would be really useful. All true.

Online ListBut there’s one major area that needs to be included in my plan – and in your plan – before we do that: list building. By list building, I mean adding people to your email list so they get an email notification each time you post an entry to your blog, as well as occasional announcements and promotions. That’s how I communicate with my list. You might send an e-zine to your list instead.

What’s the Plan?

2010 BullseyeWell, it’s late February now. How are those New Year’s Resolutions going? I’ve never really liked making resolutions in January because we all expect to break them almost as soon as we make them. So why bother?

I’m sure you received many emails at the beginning of the year, as I did, expounding on the virtues of establishing goals for your business this year. I, as usual, chose not to go through the exercise at that time. But that doesn’t mean I don’t believe in setting goals. I just don’t think we should reserve the process for January 1st.