
Online Marketing Entrepreneur Mindset
If you are creating your business plan for the first time, you may not be aware of things you should do and things you shouldn’t. If you have knowledge of this in advance, you can create a winning business plan right out of the starting gate.
Do’s of Writing a Business Plan
- Be Comprehensive: Create your business so it describes in detail every aspect for your business right down to how you will handle different situations. The more comprehensive your business plan is the more likely you will be to succeed and be taken seriously by lenders and investors.
- Package It: Design your business plan in the form of an attractive kit. Not only does it look professional, but it will get you where you want to go with lenders, investors, and vendors.
- Seek Advice: Use your business plan to seek advice from experts that are related to your field of business. Not only will you learn a few things, but it will spare you some business headaches and monetary mistakes down the road.
- Spell It Out: Describe the strengths and weaknesses you foresee in your business and then describe how you are going to handle them. This includes any management that will be a part of your team.
- Modify It: As your business grows, continually modify your business plan to reflect the changing conditions that result from business growth.
Don’ts
- Avoid Inflating Estimates: When creating future sales projections, do not inflate the predictions. It is better to play it safe and be conservative with your projections. If you end up with more sales then expected it looks better than if you lost sales. The opposite principle applies to projecting costs. Try to keep costs as low as possible so the sales to cost ratio balances out.
- Don’t Ignore Weaknesses: Do not disregard weaknesses in your business plan when they are pointed out. This will come back to bite you later. Instead, reflect on them and figure out how to improve.
- Don’t Stress the Long-Term: Do not focus on your long-term projects. It is better to have a solid plan for the short term which would be the first year you are in business.
- Don’t Spread Yourself Thin: Do not write your business plan so it serves everybody. It will mean more to the people involved with your business if you are focused on a specialization.
- Don’t Base the Plan on a Concept: Do not write your business plan based on a concept that you think will make it look spectacular. Test the ropes first with what you are trying to accomplish.
As a final thought, always keep your business plan up-to-date and current with changes of your growing business and never…..never omit preparing a business plan before you start your online business.
Learning online marketing with you,
~ Julie

Setting up your computer and your business in a way that promotes efficiency requires a common sense approach. Don’t rush to the store and buy tons of supplies (though that’s often the first thing we disorganized folks think of). A much better approach to start with is to identify areas or subjects you will be working with and establish folders on your desktop and in your bookmarks for those subjects. If you are learning to work with blogs a simple folder system means opening one folder to find all of the information you have saved or purchased about how to blog, what plugins to use, how to ping your blog and in your bookmarks “blogs” folder you’ll have one set of sites with tutorials or examples that you’ve save as you’ve found them.
The unfortunate result is time wasted and tasks not done. What does motivate you? It might be the desire to leave a job you dislike; it may be the need to earn an income after losing a job. You may be spurred into action by the idea of getting away from a lifestyle that doesn’t suit you or by the dream of living the life you want.
Internet marketing is not a dream or easy path to riches. Taking the time to learn basic skills such as building a website and a blog and the willingness to invest a small amount of funds for domains and good hosting will pay off. Learning to effectively use tactics such as article marketing, marketing through social media and video marketing will provide payoffs for years if you put in the effort at the beginning of the journey.
One self-defeating belief of those new to working online is the insistence that everything be free. The reason often given is “I want to see if it works before I spend anything.” It’s understandable but not realistic. There are fantastic tools and scripts offered free but there are a few tools you need to pay for from the start.

