Thank you for joining this session on creating a simple business plan. We explored how to turn your ideas into an actionable plan using a one-page business plan template. This streamlined approach helps bring clarity, builds confidence, and increases your chances of success.

Key Takeaways and Next Steps

Start with the Basics: A successful business needs three core elements: a problem to solve, a specific customer, and a solution. Write down one to three problems, identify your ideal customer, and describe your solution in simple terms.
Keep It Short and Clear: A one-page plan is often more effective than a long, detailed plan because it forces focus, is easier to finish, and is quicker to share with others.
Identify Your Advantage: Think about what sets you apart from competitors. This could be better service, pricing, convenience, or expertise.
Plan for Connection and Promotion: Decide how you will reach your customers, through social media, word of mouth, advertising, or other methods. Without visibility, even the best solution won’t succeed.
Understand Costs and Projections: Separate startup costs from ongoing expenses, and make simple financial projections. This helps you prepare and shows potential partners or supporters that you’ve thought things through.
Craft Your Elevator Pitch: Summarize your idea in one clear sentence that highlights your customer, problem, solution, and advantage. This makes it easier to explain your business to others.