10 Steps to Open for Business

Step 1: Create a Life Plan

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Using your Life Plan

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It’s very important to print your Life Plan and keep it in plain view. You’ll find that its presence—even in your peripheral vision—will constantly remind you of what you want, what’s important, and what to do next.

Ideally, you should also revisit your Life Plan periodically to measure your success and to make adjustments and additions where appropriate. It’s okay if things change over time—life is a fluid and dynamic thing and your Life Plan should be, too!

Use your Life Plan to provide context for strategic decisions you make—including what niche you choose to operate in, what business model you’ll use, whether you’ll have lots of employees or a home-based, one person operation.

Most importantly, your Life Plan will position you to do what you LOVE and that always brings out the best in an entrepreneur.

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Even though I was 2 years into my business when I read these steps, this particular step was a light switch for me and put into words what I was struggling to define for myself.   I had the business plan - rule the scrapbook universe   But it didn`t seem to fit with my life plan (be a stay at home mom FIRST).  I put the life plan first and it enabled me to let go of the nagging thoughts that I HAD to rule the scrapbook universe.  No, I can`t attend eve...

I couldn`t agree more. Most people will succeed with a lot less effort if they choose a business that works within their family structure. Even if you don`t have a family, a business that works well with the rest of your life will be much more enjoyable. I find myself going back to the 10 Steps over and over - even now that I have begun creating my business - to make sure I stay on track. Creating your life first is where is all begins.

I`m a big fan of writing a life plan and identifying your talents.  There`s this idea floating around in your head, but do you possess the skills to make it work?  I really think this is crucial for those just starting out on Entrepreneurial Way. Seeing my talents and goals written down in black and white was extremely motivating.  The "hey, I can do this and this ________ is what I`m doing" moment.  Of course it also helps to list out your weaknesses so ...

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