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AskPat 2.0: A Weekly Coaching Call on Online Business, Blogging, Marketing, and Lifestyle Design

How Important Is Having A Business Plan?

AskPat 2.0: A Weekly Coaching Call on Online Business, Blogging, Marketing, and Lifestyle Design

Pat Flynn

Business Advice, Marketing, Podcasting, Getting Started, Business Strategy, Business, Small Business, Passive Income, Online Entrepreneurship

4.9638 Ratings

🗓️ 25 August 2015

⏱️ 15 minutes

🧾️ Download transcript

Summary

Today's question comes from Elizabeth, who asks about business plans. How important is having a business plan? Elizabeth’s site is http://www.theseniorgap.com/. In this episode I mention the SBA, which is the Small Business Administration (https://www.sba.gov/). I recommend the book The One Thing by Gary Keller and Jay Papasan (http://www.the1thing.com/). Do you have a question about getting started with your business? Record it at http://www.askpat.com/. Today's sponsor is Freshbooks. Go to http://www.GetFreshBooks.com and enter "Ask Pat" for more information. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

What's up, Ask Pat.

0:09.2

What's up, everybody, Patflin here, and welcome to episode 416 of Ask Pat.

0:15.1

Thank you so much for joining me today.

0:16.4

We have a great question today from Elizabeth, but before we get to that, I do want to thank today's sponsor.

0:26.4

And, you know, these sponsors are, I love these sponsors because they not only bring great value to you in the show in terms of uh what it is that they do but they also help pay for things like mindy who is on my

0:32.1

team and who is amazing and who just helps to put this episode together and make sure it gets posted on

0:36.3

time and you know i thank you guys for the support and thank the team for the support. And we're all working

0:41.1

together here. It's a win for everybody. So I want to give a big shout out also to freshbooks.com,

0:46.1

which is today's sponsor making it super easy for everybody out there to manage their business

0:50.6

finances with a couple clicks of a button you can just check out after everything's

0:54.4

hooked up the health of your business uh your balance and loss statements or profit and loss

0:59.1

and in your balance statements and everything that your CPA might need to get everything going

1:03.3

and tech come tax season which is going to creep up on us i know uh they also have an award

1:07.6

winning mobile app to check the health of your business on the go.

1:11.9

And they are serving over 3 million small businesses, and they can help you too, just like they've helped me.

1:17.4

So check them out at getfreshbooks.com and enter Ask Pat at the How Did You Hear About Us section.

1:22.4

Again, that's getfreshbooks.com. Enter Ask Pat.

1:25.3

All right. Here's today's question from Elizabeth.

1:27.8

Hi, Pat.

1:29.3

This is Elizabeth.

1:30.5

I'm just starting a new part-time business called The Senior Gap.

1:37.5

Our website is www.

...

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