It is magnificent to love what you do, stop procrastinating and take action now so you can be a success.
People tend to like to plan, to create plans to design solutions to problems and situations. I have a friend who has been planning a business for the entire ten years that I know her. She has notebooks full of plans and designs. When she fills up one notebook she copies the most important or best plans into a new notebook and plans some more. When computers and laptops became commodity priced items, she began to copy her notebooks into computer files. On the computer she would search the internet and plan, plan and plan. What she never got around to was taking action, actually doing something with her plans. She always said she would move forward with her business as soon as her plans were in order. As soon as she finished her business plan, her research and her development plans, she was going to start that business. She used the “I’m not ready now, but as soon I get these plans done” excuse to procrastinate starting a business for more than ten years.
In order to succeed, we have to stop using planning as a tool to hide procrastination. More »
Fact: There were five birds sitting on a telephone wire. Three planned to go to Florida for the winter.
Question: How many birds were left?
Answer: Five because planning to do something is not the same as actually doing something.
- description and executive summary aka what will your business do and what are your qualifications for running the business
- personnel aka who will be the staff, workforce, who will do the work at the business
- marketing aka how will your business attract customers and make a name for itself
- current finances aka what is your business’ current financial condition
- financial projections aka what your business’ finances will look like over the next 1 to 5 years
- quit your current job and go full force with the new business
- continue to work at your current job and work at your own venture part-time
- work your current job and work your business full-time as well (work two jobs)
- current financial condition
- amount of savings
- type of job you are currently working
- nature of the business you wish to start or re-start
- obligations to family and stakeholders in your life