With more thought into it

A self-employed entrepreneur and a family business is a micro business in scale, much smaller than a typical small business. Even if it is a micro business, let’s put more thought into your plan. The accuracy of your outlook increases as you plan every aspect of your business in detail. And then, put all your actions and activities into dollar terms for your financial projection.

A-B-C of business planning

This detailed version of your business plan guides you through three steps. First, get your prospective customers involved. It is your opportunity to understand the customer's desires and motivations. Discover what makes your product or service offering attractive to them. Second, think about what you want your business to attain and how you set up your business as an entity. Third, plan how you will run your business, and translate your intention into financial numbers. It will illustrate whether your business will be profitable or a financial failure a year from now.

Here is an outline of what covered in the enhanced version.