499. You Don’t Need a Business Plan, Here Are the Only 5 Things You Need
The Product Boss with Jacqueline Snyder
Jacqueline Snyder
4.8 • 961 Ratings
🗓️ 14 August 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
Hello Product Bosses! We're excited to discuss something that we all have likely asked ourselves at some point, especially during our early business days. It's the question of having a business plan. If you're among those who believe that starting a business is synonymous with having a thorough business plan, we're here to tell you - that's not always the case!
Being stuck in the traditional ideas of a business plan can often slow our progress. Our entrepreneurial journey since 2004 has taught us that you don't necessarily need a business plan to succeed.
There have been countless instances where we ventured into new territories without a rigid business plan in hand. And guess what? We didn't let the lack of it stop us! So, if you're at the threshold of starting your business or considering developing a business plan after you've launched, know that it's not a must.
During this episode, we'll delve into the five things that you genuinely need when you're starting a business or thinking about selling a product to your customers. So, forget about that business plan for a moment and join us as we discuss what truly matters when starting your product business.
Resources:
- Are you ready to transform your business? Join the Get More Eyes On Your Business free live 3-day bootcamp to get in front of your customers ahead of the busiest time of year!
Connect:
- Website: theproductboss.com
- Instagram: @theproductboss
Transcript
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| 0:00.0 | This is where I think a lot of business plans go wrong is that they have you focus on your who is your ideal customer |
| 0:06.6 | But I want you to be thinking of who is your ideal customer right yours who do you want to be serving out there in the wild from today on the way from year after year after year? |
| 0:18.0 | Welcome to the Product Boss Podcast, where we're dedicated to helping product-based |
| 0:25.9 | business owners turn into revenue-generating successful, happy product bosses. |
| 0:30.0 | I'm Jacqueline Snyder and I'm Meenaakunlo Setep. Together through digital courses, |
| 0:35.5 | coaching and masterminds we've helped over 50,000 students from startup to |
| 0:40.4 | multimillion dollar businesses scale their sales while blending in their dream life. |
| 0:47.0 | It gets lonely out there in the product business world. |
| 0:49.0 | We fully believe a business shouldn't be built alone. |
| 0:52.0 | There's room at the top for all of us. |
| 0:55.1 | So let's get scrappy and creative together, product boss. To be profitable, |
| 0:59.7 | make more sales, and grow your visibility. |
| 1:02.6 | Are you ready? |
| 1:03.6 | Let's dive in. |
| 1:06.9 | Hey there, Product Boss. |
| 1:08.4 | Are you squeezing in those last days of summer? |
| 1:11.2 | This is the perfect time to get outside, soak up some amazing |
| 1:14.2 | sunshine and spend some quality time with our kids, our friends, family, and pets |
| 1:18.0 | before the hustle and bustle of fall. Now you may agree that summer is such a unique season. It gives us, particularly |
| 1:25.6 | those who own product-based businesses, the chance to slow down a bit before |
| 1:29.3 | the holiday season rush. And we definitely want you as a product boss to fully utilize the slower |
| 1:35.8 | tastes. Remember, we say work on your business versus in it at these times and it's not |
... |
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