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How to Write a Business Plan

December 30th 2008 03:01

Photo by Martin Boulanger

I did an intensive search of the World Wide Web, and I could not find a single sample business plan for the business of freelance writing. This is because most freelance writers don't take the time to write a business plan. Why? They are too busy trying to find paying gigs to support themselves. Well, if you are serious about making a living with freelance writing, you need to sit down and create a business plan. Trying to create a business without a plan is like trying to navigate the ocean without a compass. This is especially true of the Internet, which is very much like a vast ocean of opportunities.

So how do you go about tapping into those opportunities and getting serious about your career? Start with a plan. It doesn't have to be a 30-page document full of flow charts and extensive market analysis. You can just start with a clear mission statement and an outline of your financial goals. There are a number of great sites that offer some advice on how to write a mission statement such as the Center for Business Planning and MissionStatements.com. Some mission statements are only a couple of words long; others are complete paragraphs or more. There is no one right way. If you are looking to write a mission statement for your business, I suggest putting a great deal of thought into your mission statement. It will be the foundation upon which your business is built.

Here is a copy of my mission statement: To provide high-quality written blog content to online readers by creating and maintaining timely articles relevant to blog topics. The three blog topics are:
1. Parenting Issues
2. Freelance Writing Tips (this blog)
3. Mothers Who Work From Home Online

For more information about business plans, check out Business Plans Kit for Dummies or the Small Business Administration. Be sure to check my future posts as I oultine more business plan elements such as market analysis and business vision.

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Posted By: Momniscient - Category: making money

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Comment by Wilson Pon

December 30th 2008 10:38

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Thanks for the great tips, Momniscient. By the way, I've linked it to one of my business blogpost: Really Long Link

Hopefully, more people will benefit from your tips