So you have a great idea, or you’ve seen a great idea that you want to copy, now what? Now it’s time to write out a plan for your micro business. The first part to this business plan is the business concept.
In the business concept, you basically want to write out the description of the product or service that you’re going to sell. Then you want to explain what makes your product or service unique.
Finally, you’ll want to write out how you are going to measure success. Is it going to be based on a set number products that you plan on selling, if it’s a product-based business? Or will it be a financial goal? Some students just want experience or to try something. THat’s a good goal, too!
Here’s a video shot in front of a live audience at a workshop I did called, “The Best Micro Business for a Teenager to Start”, at the Cincinnati Home School Convention. In the video, you’ll see an example of a business concept based on a business that Rachel Coker, a teenage author, and her sisters started:
Interested in writing your own business plan a micro business you plan on starting? You should check out my book titled, Starting a Micro Business. In the book I give you a business plan customized for micro businesses. This customized business plan includes the business concept I explained above, along with two other parts, a Marketing Plan and a Financial Plan. Starting a Micro Business is available for purchase on my website, Amazon, Barnes & Noble, or on Amazon Kindle.
Learn to start a micro business for success today!
Carol Topp, CPA
