Making Plans

This week was a crazy week for me personally but I still enjoyed the reading and learning that was available from the course.  The case study on Heather Evans was eye opening.  I learned that even though it’s important to have spontaneity, we must think through each aspect of a business before we try and launch it.  Acting on impulses can be dangerous and very costly.

Through my reading I was able to hear about a lot of examples of what not to do when starting and running your own business.  This made me think of my sister and I growing up.  I was the younger of two daughters by 6 years.  My sister was inevitably the first to do everything and I was able to learn from her mistakes.  The same concept can be applied in business and in life.  We should research and learn from what others have tried.  We can either choose a better way to do something or choose a different direction but we should not venture into something that has already been proven as not plausible.

Writing the business plan and answering the defining dozen questions for my two business ideas was a wonderful exercise.  These documents were able to help me pinpoint exactly what I wanted to do and how I would be able to accomplish it.  Through working out these assignments I now have down on paper what to do and what order I should them in.  They have given me a vision for my ideas and clarity on why I want to do them.

$100 Challenge Report

This week I created my business plan for my $100 challenge.  It was a great activity to help me nail down more details of my idea and figure out specific ways how I am going to make my plan work.  I decided on the name of Allyson’s Cookies Etc. since my main focus will be chocolate chip cookies but I will also sell chocolate cakes and wheat bread.  I also determined I would set up specific event dates to sell my items at the end of my driveway and I would let people know through social media.  It felt very good to get these details set up and I am getting more excited about the idea of my small business venture.

I look forward to learning more next week!