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Virtual Assistant Business Plan

A good Virtual Assistant Business Plan is a very important step to starting your own home business.

Like any business, home based or otherwise, you will need to start with a business plan.

Why do you need a Business Plan?

It is very difficult to determine all of the crucial factors to starting a business without a well defined business plan. A plan will help you clearly see what your personal goals for your business are, what your start-up costs will be and how long it will take you to earn a profit. You will need to set specific business objectives beyond the desire to make money.

A well defined business plan can increase your belief in your potential success or convince you the business is not really the direction you want to go. Do not underestimate the importance of a plan simply because you are starting a home based business.

How do you create your business plan?

If you plan to get funding to start your business, you will need a formal business plan, however a virtual assistant business is fairly easy and inexpensive to start. You can certainly create your own business plan without needing to hire a professional for your business plan creation.

There are some relatively inexpensive business plan software programs you can purchase to assist you if have never created a plan before. Some are designed specifically for home based businesses.

For an easy and inexpensive solution…go here for my favorite business plan designed specifically for virtual assistants at the Business Plan for VAs.

Here are some key components that should be included in your virtual assistant business plan:

  • Business Overview
  • Description of Services
  • Mission Statement
  • Business Objectives, goals and vision
  • Market Analysis
  • Marketing Strategy
  • Financial plan; start-up costs and financial projections
  • Many new businesses flounder because there is no clear direction or plan for how to get there. You cannot predict every obstacle your new business will encounter but a good virtual assistant business plan will sure help!

    Learn More…

    Business Legalities…

    Set up your Home Office…

    Steps to Starting a Virtual Assistant Business…

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