A good place to start if you're new to business
The days of 10-page business plans are dead (hurrah!) Unless you're looking to raise capital, save yourself the time. That being said, it's still super important to think strategically and capture your thoughts in one place. I really recommend that everyone with a new business concept start with a Business Model Canvas. It's a simplified one-page snapshot of how your coaching business creates value, delivers it, and gets paid. Use it to test ideas fast before you waste time on the wrong thing. ⭐ Here's how to use it Start in the middle with your Value Proposition, then jump to Customer Segments and Channels. Focus on one customer segment and idea. Keep it simple. Update it as you learn. Here are the 9 building blocks ⬇️ 1. Customer Segments (Who you serve) 2. Value Proposition (Why they choose you) 3. Channels (How people discover, evaluate, and buy) 4. Customer Relationships (How you build trust and keep clients engaged) 5. Revenue Streams (How money flows in) 6. Key Resources (What you need to deliver consistently ) 7. Key Activities (What you must do exceptionally well) 8. Key Partners (Who helps you win) 9. Cost Structure (Where the money goes) I've attached a business model canvas explainer for you to review. You can either print it off, or there are lots of online templates- try on Mural or Miro for a whiteboard experience. I will post some prompts in the chat below to help you get started. Let me know how you get on.