I've never written a business plan before. To be honest, it sounds as fun as writing an 8-page essay on economics. But if I'm serious about this business, then I need to be serious about doing all the necessary tasks. I'm a dreamer by nature and whenever someone grounds me and talks logistics, I get upset and frustrated because they're "questioning" my dreams. However, I know staying grounded is a vital element for my business to succeed. I need to ask myself the hard questions, and I know that the answers will guide me write a solid business plan.
I came up with a few hard questions to get started, along with my initial answers:
- How will this business stand out in the marketplace? Umm, I don't know.
- Why will customers want your product/service? Umm, I don't know.
- What will your cash flow look like in the first 6 months? Umm...cash flow?
As you can see, these answers are quite terrible. That's okay though. This is a work in progress and I'm a work in progress. Answering hard questions are learning opportunities. It might be even wise to ask others what hard questions they have for me. So as you start your business or project, ask yourself the hard questions. It'll hurt at first, but sometimes the truth will hurt for your own good.