How to Write a Business Plan [Powerful Step by Step Approach]

How to write a business plan… let’s talk about. Of course, creating a business plan is very important because it can help you to get funding, it helps you establish a timeline, but most importantly, it can help you actually be successful in business.
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Business Plan Template: bit.ly/3sUgDBB
Operating Agreement Template: bit.ly/3LQOFNB
Here how I suggest you create a business plan step by step game :
Intro Joke (0:00)
How to Write a Business Plan (0:08)
What is a Business Plan? (1:22)
Step #0 - Passion (2:33)
Step #1 - Market Analysis (4:27)
Step #2 - Marketing & Sales (7:58)
Step #3 - Management (10:30)
Step #4 - Products & Services (11:30)
Step #5 - Financial Projections (13:16)
Step #6 - Business Name (15:45)
Step #7 - Executive Summary (17:45)
Now, most people are going to tell you just follow those 7 steps to write a business plan, heck they may even give you a tip to write your executive summary last.
But I’m going to go a little bit deeper and actually break down where you need to start, step-by-step, and why.
And along the way, I will share some additional tips from my experience with launching a new business as well.
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

[@LYFEAccounting]

Suggested video to watch next: "How to Start a Business" kzbin.info/www/bejne/nZOYeqWPgdanibs

[@zealnormany7645]

*Every family has Someone Who Breaks the Chain of Poverty, I pray you be that Person!!*

[@Assamofrecent]

Starting early is the best way of getting ahead to build wealth,investing remains the priority. Forex trading has plenty of opportunities to earn a decent payout,with the right skills and proper understanding of how the market works

[@samuelbills4941]

@@Assamofrecent I agree with you, I had a friend in the office who lived well but never had an investment, unfortunately his job ended so he went from living well to surviving

[@samuelbills4941]

investing still remains the top note for any individual who wish to save for the future

[@martinstrong9333]

one of the best steps of a good business is planning

[@dominicwright6032]

@@martinstrong9333 In few years to come people will be kicking themselves in regrets if they miss the opportunity of buying or investing in Crypto currency

[@LilsAF1]

“She got a business plan but she just ain’t have time to write it down”- Drake on TSU Nice video btw✊🏾

[@yoshira321]

I am new to this channel and I want to say that you guys are doing a great job breaking down all the information. I am an entrepreneur and I am slowly growing, I always go back to "learning" and I'm so glad I found this channel.

[@shnnajones6201]

Oh my goodness!!! Bravo young man you understood the assignment. You have a great sound, you speak with a lot of clarity, and you have a very aesthetically pleasing presentation to say the least, lol. Thank you so much 🔥🔥🔥🔥🔥

[@JusDaFactstv]

I have to give you guys kudos, you're always giving us quality content with the keys to kingdom attached.

[@LYFEAccounting]

Thank you! Thank you! for your kind words and support of our channel :)

[@inventyoullc7150]

Spot on. If you fail to plan, you're planning to fail. Love your perspective here!

[@jrutledge713]

Well, I have been looking and looking and taking note in many videos but I knew need something else...until got this one. It has it all and finally I can finish my business plan. This is THE BEST! Thank you.,

[@billyselinga6783]

this is the best present 2021 could have ever given.thank you brother

[@Sofinegoddess]

Wish I saw this video before launching my business 😩 It’s trials and errors but definitely I’m thankful for the knowledge 🤞

[@stebbiej]

Yep

[@andremccoy6751]

Great info! Love the breakdown of the content, such as step 0 and making the business name identifiable with the business was definitely a 💎.

[@breew2968]

These are the types of videos I like to watch because I'm still in the (re-)planning stage! Step 0 is a wake up call because Ive talked to other entrepreneurs trying things they aren't passionate about, I made the same mistake a couple times. The blind are leading the blind if your circle of aspiring entrepreneurs is at step 0. I definitely recommend attending workshops with the SBDC for guidance too. Seeing the comparison chart at the end was helpful too, and I like your order better! I've seen business plan template created the traditional way and it wasn't helpful for arriving to the destination I wanted for some reason. Thanks for the guidance!

[@LYFEAccounting]

Thanks for sharing, Bree! And always for your support. I hope we can significantly help you accomplish your goals a business owner :)

[@breew2968]

@@LYFEAccounting I'm going to get there! Just need to stay focused, not get distracted with other things, and plan accordingly. Appreciate yall feedback/videos!

[@Soulcaliber808]

Love your content bro thank-you I am starting a business with no money

[@plannergirl888]

Thank you so much for this video This is so well explained In the middle of writing my business plan & came across your video

[@cristelaolivo787]

I really appreciate and enjoy all of your content. This is what I needed to learn. Thank you for teaching us how it's done ✅☺️

[@SelfEvaluate]

Thank you for your content greatly appreciated!

[@vimolly]

I appreciate you taking the time to share information and knowledge.

[@TheReal_JHud_61]

I'm a new subscriber with lots of experience but nervous about launching my business. This is helpful

[@jakesmallwood9122]

Great content! Wrote everything on paper with ease! I think the chart at the end of the video has your last 3 steps out of order compared to the steps you described in the video and in the description.

[@hypnoticvibes5409]

Appreciate the time that you have taken to give all this valuable information. Let's go‼️💪🏿

[@tytydee77]

Excellent! Thanks I Learned how to organize the plan in a simple way.

[@LYFEAccounting]

Glad it was helpful!

[@jss3018]

I'm hoping to start a bus. in 2022. This info helps a lot. Thanks.

[@ExamExpertsUSA]

Great video! I used it as a reference in my class. Kudos!

[@holleelifestyles2844]

Love the blazer and tie look today! So proud of growth with you guys. Keep it up! 💕

[@LYFEAccounting]

Thank you so much, Hollee!!

[@janine2317]

Thank you again! I am a new subscriber and I am getting so much out of the content you provide!!! Keep it coming please!!!! You mentioned the "Build your management (partner) team" doesn't really apply to Sole Proprietorships or Single Member LLC's. Is there an alternate step that you would insert here for these types of business entities?

[@kingofrandomjunk]

Great articulate and informative video!!

[@jss3018]

I'm hoping to start a bus. in 2022, this info helps a lot. Thanks.

[@DiamondPressed]

Great advice thanks!

[@kenisthistoo7499]

Great video! never thought about some of the things mentioned all great ideas. Thanks

[@LYFEAccounting]

Thanks for watching! Are you considering launching a business?

[@elementsofelle888]

Right on time! Thank you!

[@LYFEAccounting]

Glad I was able to help!

[@laurend3413]

Super helpful. Thank you!

[@joyceharris5218]

Great information!!!

[@blck_brsh]

Glad I found this channel

[@LYFEAccounting]

We won’t let you down!

[@zulmy5160]

Thank you!!! Great advice definitely sharing this

[@LYFEAccounting]

You're so welcome! Thanks for sharing.

[@sorrell9046]

You guys are going to rapidly increase!! you rock

[@LYFEAccounting]

Thanks for the support! We truly appreciate it.

[@Valerie-mz4et]

Thank you. The tips on marketing was very helpful. That’s the most intimidating part of the business plan for me. It’s nice that you broke it down a little.

[@Hames-ll3tk]

life changing i must say

[@mtaraouat]

Excellent

[@jss3018]

Thanks!

[@crystaltouch]

Thanks for sharing 👍

[@naapongkuubermeedward3868]

Great one

[@nnaemekaezemuo2344]

Simply made clear. Pls if you you are reading this please can we talk privately?

[@JP-wn4jn]

Keep the jokes coming 🤜🏽🤛🏽. This is a great channel.

[@LYFEAccounting]

Definitely!!

[@saratdontula]

Thanks for the quality content. Can you please create a video elaborating how one can go step by step performing market research/analysis step (including viable data sources for gathering demographic information etc) ?

[@yosiefkidane7070]

Christian. This is wonderful. Do you help to prepare a plan for insurance?

[@msdeej538]

yes i did it 👍

[@850samgoody]

Thanks so much 🤞🏾

[@LYFEAccounting]

You bet

[@dhora33]

Awesome

[@medamissles1]

Great content! Question if I have multiple ideas but in the same realm.. say I have a swimwear company where I want to have a high-end offer and a low-end offer should I make two different business plans? Or should I keep in the same plan? I say this because my high-end offer will have a different target audience than the low end typically

[@blvrdialogue]

Very good video. Thanks for sharing. That logo spinning in the background distracted me the whole video though. It's so bright and takes the attention off of you.

[@BedStuyBro]

Really GREAT CONTENT. I just wished more people would drop a like. At least for that dance! 😀👍🏽.

[@LYFEAccounting]

Haha You and me both! Thanks.

[@hannathomas2962]

Hello Sir, You Are Brilliant! thank you for this I have a viable business trying to take it to the food truck world. Any suggestions?

[@agnesnoul]

Thanks

[@user-by5kh7gf5d]

😂😂😂😂😂😂😂😂😂😂😂😂😂 haha

[@brianmeleck]

Yu got a future billionaire and new subscriber😎.

[@devgatling]

thank you

[@LYFEAccounting]

You're welcome

[@cornellwilliams9051]

Excellent info guy 😂

[@Towerbrian23]

I want to start a hotel and dispensary in Michigan. May I see an example of a hotels business plan? This would help

[@mr.biglow7674]

Needed this

[@LYFEAccounting]

So glad to hear that, are you starting a new business?

[@mr.biglow7674]

@@LYFEAccounting yes a coffee brand and blog +store

[@LYFEAccounting]

Very cool, we're rooting for you! Definitely take some of the advice in Step #2 - Marketing & Sales (7:58)

[@lorihill4686]

good

[@magnateservices748]

Gratitude

[@LYFEAccounting]

💯

[@kell4524]

Top of the top. I just came across your videos. I am a 52young male who is looking to start a business. I would like to pick your brain in how to really start a business that will be successful 5/10 years down the road. How can I reach you so that we can share our thoughts?

[@MrAce832]

Skip to 4:27

[@loanarrangerlimited9186]

I specialize in delivering fast and efficient loans for business startup and expansions.

[@11supplementfacts47]

Good for you what’s the name and what state … listen to this guy and you’re going places

[@dryedgetech2853]

14:17 minutes in the pop up screen has typos.

[@Jes-pq9fd]

❤

[@rosebellamalo2211]

can i ask for a detailed sample of business plan ,

[@KRGP08]

Great video! You guys still waiting to take on new clients??

[@LYFEAccounting]

Yes, still pending. Special announcement coming soon regarding this though.

[@robertdavila6391]

How do you build a product before having a business?

[@waynethompson9515]

warning templates are not free. You have to buy something so before you start filling out the forms and wasting valuable time just be prepared there is a cost. It's fine I just wish I knew it ahead of time. Kinda deceptive, says it's free account but then says to download you have to buy a license.

[@The843legendz]

I hear you. But are Robert Townsends son or no?

[@nomondeportia4866]

How to get a business funder coz I've tried😔....please help.

[@GyptscyHuss3L206]

Nice intro 😅

[@melaniefuifui6811]

Dang... I started at step 6...help!😰😱😳😓

[@samantha.almonte]

Invest in your business to elevate it! I design modern websites.

[@ratumotaung6115]

This is one thing I can't fix

[@jonathankelly2655]

"Mer-Made Swimwear" ;-)

[@greencrowncollective874]

I DISAGREE WITH STEP OPNE BEING YOU MARKET ANALYSIS , MUST DEFINITELY FIND OUT SOME SORT OF SLOGAN OR IMAGE AND LOGO YOU WANT BEFORE YOUR BUSINESS . ITS LITERALLY WHO YOU ARE OR TRYING TO PROJECT

[@purpleblack1428]

Still don't know how to write a business plan 😐

[@prince_eliel]

take a shot everytime he says idear

[@4hotchocolate]

While I appreciated the insight from your video, the Free Business Plan template link with Law Depot wasn't really free at all. I truly hate this type of marketing where someone puts in time and effort in filling out the template only to be told at the end you must provide a CREDIT CARD to proceed. Even if it is a trial offer. It just left a bad taste in my mouth. Just tell me from the beginning that the "free template" will require a free trial offer and credit card from the beginning.

[@user-wi9fq4ni8y]

“Lower quality product at a higher price is a recipe for failure” Starbucks: 🗿🗿🗿 Don’t be so naive bro success and quality have nothing in common

[@RajeshYadav-vd6sw]

What is that green thing rotating in background..... That's irritating

[@Marynett_2024]

I might have skipped a few steps lol

[@Arthur-Silva]

Most cellphones are waterproof

[@paulettehammond-duerson8989]

I am done with that business!!! Almost 20 years!!! The Hell With It!!! I feel liberated and freed from it! I am walking away with peace of mind knowing I tried 4x. And you (the haters) can't steal it. You have take me to court and challenge my copyright!!! And I am going to subpoenas all of those people.

[@LYFEAccounting]

What business are you talking about?

[@stardommansion6773]

7 COMPONENTS EXEC SUMMARY WHO YOU ARE: ANALYZE YOUR MARKET : NEED/DEMAND COMPANY DESCRIPTION MARKET ANALYSIS SERVICE AND PRODUCT LINE SALES AND MARKETING STRATEGY MANAGEMENT PLAN FINANCIAL PROJECTIONS PROJECT REVENUE BUSINESS PLAN MARKETING PLAN FINANCIAL PLAN OPERATIONAL PLAN

[@JustinTrueDough]

I funded a kickstarter campaign for a pair of adventure/swimwear shorts 🩳 with a waterproof pocket, which fits a phone. AquaNautia Thank you for your videos!!