There is a “Six P” acronym that says, “Proper Prior Planning Prevents Poor Performance.” Very often, the first twenty percent of the time that you will spend developing your site will save you eighty percent of the time later in achieving the business goals you’ve set later. This is exactly why so many SEO experts and SEO gurus say that having a good business plan and web design is crucial to SEO planning.
One mistakes that beginning netpreneurs often make is thinking of Internet business as not being “real business.” One of the biggest mistakes you can make as a beginner is to not sit down and figure out how much your business will cost you to set up, how much it will cost you per day to maintain, how money you can expect to make in a day and how you expect it to expand.
Your business plan basically serves two purposes:
1. It is a promotional tool that is used to interest others in financing or becoming involved in your business
2. It is a personal map full of touchstones and guideposts that reveals exactly how and when you will reach your business goals.
A business plan precisely defines your business, identifies your goals, and serves as your firm’s resume. The basic three basic components of a well-structured business plan are:
1. A balance sheet that describes both current and projected profits
2. An income statement
3. A cash flow analysis
A well thought out business plan can be your best ally in the future assisting you with making good business decisions especially when it comes to deciding the how’s, when’s and where’s of allocating your resources. It can also save you time and trouble when it comes to allocating money to an SEO planning as the best thought out sites tend to be more focused and naturally niched and therefore need less SEO in general.