Virtual Assistant Business Plan Myths

by Lisa Taliga

Here are a few business plan myths:

- "Since I'm just working for myself, there is no need for a business plan"

Would you go on a trip without a plan? Would you get married without a plan? Plans are good. They will help you get focused and stay that way. A good business plan will help you to think through all the aspects of your business and see you on your way to success.

-"I need to have everything perfect before I start"

If you wait that long you may never start. Fix it as you go. Just make sure the major points are as good as they can be.

-"I should get one of those business plan templates that sound really complicated. Complicated is good, right?"

Wrong! Simple is better.

-"If I don't do everything my business plan says, I'm a failure"

Wrong - sometimes detours or changes can be beneficial to your long-distance plan. Don't sweat the small stuff.

-"My business plan must be at least 50 pages long with a professional looking cover"

Don't create more work than is necessary. You can write it in hieroglyphics on the wall - so long as you can understand it and access it when you need to.

-"I only need a business plan if I'm getting a loan"

A business plan serves many different purposes. It's not just for getting a loan. It's there to keep you on track and focused.

-"If I have a business plan in my head - that will do"

But can you remember it? Can your friends give you advice by reading your mind? Can your accountant?

-"Friends and family are all I'll need to give me advice"

Could a city man tell a farmer how to run his farm? Only if your family are accountants and market research experts will they be qualified to give the right advice. Be careful who you listen to when drawing up your business plan.

Lisa Taliga is a Virtual Assistant and author of 'Freelance from Home! The 5 Key Steps to Your Successful Virtual Assistant Business' and ‘The 7 Things You Must Know Before Starting Your Successful Virtual Assistant Business’. Get your free eBook and newsletter subscription to find out how to become a Virtual Assistant.

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Kind regards

Lisa Taliga