December 11, 2023

(#392) What Should Be In Your Business Plan?

17 minutes

Ever wondered how to whip up a business plan that turns your private practice dreams into reality, therapists? Well, wonder no more!

In this episode, we're diving deep into the essentials taken from the Abundant Business Plan Made Simple course. First, let's talk about demographics – knowing your business hood is like having a secret weapon. Then, we're getting into forecasting magic. Goal setting is your business's GPS, guiding you straight to success. And let's not forget about your business BFF – your ideal client. Describing them like you're chatting with a friend is the secret sauce for services that hit the bullseye. So, grab a cup of tea, hit play, and let's turn that business plan into a roadmap for private practice triumph!

Timestamps:

01:53 Establishing Your Business Demographics

06:18 Company Forecasting In Your Business Plan

12:37 Describing Your Ideal Clients

Standout Quotes:

"You do want to know your entity type because that's tied to your EIN or tax ID number.... When you go on the IRS website and you apply for a tax ID, they're going ask you, 'What type of entity structure are you, and what is your business name?'"

"When you're thinking about company forecasting..., what do you want your gross revenue to be in the next 12 months? Because that's what's going to get you fired up in terms of, 'Okay, what is this map that I'm working toward?'"

"You want to be able to describe your ideal customer.... What I usually tell my clients is, 'I should be able to listen to you describe them, I close my eyes, and without ever seeing a vision board of them, I should be able to visualize them.'"

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