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Valuetainment

How to Write a Business Plan 2021 & Top 20 Mistakes to Avoid

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 1 December 2020

⏱️ 38 minutes

🧾️ Download transcript

Summary

What's the right way to write a business plan and what mistakes do most people make when writing one? Patrick breaks down top mistakes to avoid. Want the PDF to write your business plan? Text 2021 to 310.340.1132

Watch the video here: https://youtu.be/V-a-nW0Frx8

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Transcript

Click on a timestamp to play from that location

0:00.0

So most people write their business plan for the following year in the month of December.

0:03.1

However, if you no longer look at that business plan, after February you stop looking at it,

0:09.4

you didn't write a business plan.

0:10.8

You simply wrote a wish list. Today I want to talk about the

0:13.7

20 mistakes people make when it comes on to writing their business plans and I

0:17.2

want to give you a PDF on exactly how you can write your business plan for

0:21.0

2021. So look there's three different types of people when it

0:28.4

comes up to business planning. They are the wingers, the thinkers, the doers. The wingers they winged everything they do. They're not really going to

0:34.9

pull out of time into business planning and everything they do in their lives is kind of like

0:38.8

wishful thinking this is why I said at the beginning most people don't look at their business plan after February

0:43.8

because it was just a wish list right then you have the thinkers you have the doers my

0:48.2

goal is for you not to just be a thinker thinker thinker are those that actually do the

0:52.0

timing and look at it and

0:53.8

endures are the ones that execute what they thought about to get their business

0:58.0

plans together. I've been doing business plans now since 2002. It used to be very weak. It used to be just regular stuff I would

1:05.8

write on a piece of paper hoping to be a great year and then I wouldn't hit 80% of

1:09.6

goals and I got better and better and better. 2016 I shared with many of you the one-page business plan.

1:14.8

If you haven't downloaded it yet,

1:16.5

I'll give it to you at the end in the PDF.

1:18.0

Here's what it looked like.

1:18.8

You're looking at it at the screen.

1:20.5

And one of the things I talked about on the business plan is the fact that you can just look at a business plan as a business plan.

...

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