Day 51: My Business Plan - Done!

Photography by Sidney Diongzon

Photography by Sidney Diongzon

By seeking and blundering we learn.
— Johann Wolfgang von Goethe

51 days ago, I decided to start a business and blog about my journey. 51 days later, I've completed the final draft of my business plan! Sure, I could have finished my business plan earlier, but I made a few mistakes that prevented me from being on task. However, I did learn a lot during the process and gained an incredible experience to grow from these lessons. Here are some mistakes I've made so that you can avoid:

  1. Mistake #1: Overthinking. I overthink things way too much. When I was writing the executive summary of my business plan, I went back to revise one sentence for nearly 30 minutes. I wasted time by overthinking when I should have spent more time moving on. Don't overthink. Just write and revise later.
  2. Mistake #2: Distractions. Typewriters are far more effective than computers because they don't have access to the Internet. I can't count how many times I looked on my Facebook or Instagram while writing my business plan. A few minutes being distracted on Facebook led 30 minutes watching videos on YouTube, which led to the couch to watch those videos on my Apple TV. Before I knew it, I wasted hours on being distracted instead of using that precious time to write. Turn off your Internet!
  3. Mistake #3: Too Much Blogging. I admit, I often spent more time blogging than writing my business plan. While the blogging was great and kept me accountable to do at least one thing a day for my business, I wasn't focused on the right task. Set priorities and focus on what's important first.
  4. Mistake #4: Procrastinating. It took me 51 days to complete and finalize my business plan. In hindsight, I probably could have done it in five days. Take advantage of the time you have now, and don't rely on the time you haven't spent yet.

Now that I've completed my business plan, I'm excited to start the next month and execute my marketing strategy. My take away from all this: learn from mistakes, and don't do them again.