the 1-page business plan that made me $200K+ in 2024

Introduction

In this tutorial, you'll learn how to create a one-page business plan that can help you launch different types of businesses, including physical products, digital products, and service-based offerings. This method simplifies the planning process, making it accessible and actionable, as demonstrated in the video by Deya. With the right template and approach, you can streamline your business idea for success.

Step 1: Understand the Importance of a One-Page Business Plan

• Clarity: A concise plan allows you to focus on key components without getting overwhelmed.
• Structure: Provides a clear framework for your business that can easily be shared with others.
• Adaptability: You can modify it as your business evolves.

Step 2: Download the Business Plan Template

• Access the free business plan template from Deya here: Free Business Plan Template.
• Make sure to save it in a format that is easy to edit (e.g., Google Docs, Word).

Step 3: Define Your Business Type

Before filling out your plan, identify which type of business you want to create:

• Digital Product: Focuses on software, ebooks, online courses, etc.
• Service-Based Business: Provides services such as consulting, freelancing, or coaching.
• Physical Product: Involves tangible goods sold online or in stores.

Step 4: Fill Out Your Business Plan Template

For Digital Products

1. Identify Your Niche: Who are your target customers? What problem does your product solve?
2. Define Your Unique Selling Proposition (USP): What makes your product different from competitors?
3. Outline Marketing Strategies: Describe how you plan to reach your audience (social media, ads, SEO).
4. Set Pricing: Determine how much you will charge for your product.

For Service-Based Businesses

1. Define Your Services: Clearly outline the services you will offer.
2. Target Audience: Identify who will benefit from your services.
3. Pricing Structure: Decide how you will charge (hourly, project-based, retainer).
4. Marketing Plan: Create a strategy to attract clients (networking, referrals, online presence).

For Physical Products

1. Product Description: Detail what you are selling, including specifications and benefits.
2. Manufacturing Plan: Outline how and where your product will be made.
3. Sales Channels: Decide where you will sell (online, retail, markets).
4. Logistics: Plan your inventory management and shipping strategies.

Step 5: Review and Revise Your Plan

• Feedback: Share your one-page business plan with trusted peers or mentors for constructive feedback.
• Adjustments: Be open to making changes based on input and new insights.

Conclusion

Creating a one-page business plan is a powerful way to clarify your business vision and strategy. By identifying your business type, filling out the template, and revising your plan, you set a strong foundation for success. Next, consider taking actionable steps to implement your plan, such as setting up a website or starting a marketing campaign. Remember, the key to a successful business is not only having a plan but also executing it effectively.