You have a business idea in mind and enough energy and optimism to light the city. Yeah, sure, you’re still working in the white, sterile hallways of modern-day wellness. But soon you’ll be breathing the fresh air of freedom once you implement your one-year transition plan.
Zero to profit in 1 year or less with this one-year transition plan
What does it take to trade scrubs for jammies, living the good life of self-employment? (Ok, you’ve got to get dressed at least by 0930!)
Here, I cull for you the wisdom of the ages to present your one-year transition plan. Guard it with your life, lest it fall into the unworthy hands of those sloths who would throw up a sales page overnight, leading unsuspecting poor souls into being tricked out of their money.
In the paragraphs that follow, I lay before you the vast, accumulated knowledge of business giants from all eras gone by. This is what it takes to reap success in one year or less:
- A good idea
- Clear goals
- A written plan, implemented
A Good Idea
Ideas are a dime a dozen. They come and go like seagulls on a beach. What you need is a good idea, sifted through the rigors of validation and feedback. Ideas never travel through this process with original conception intact.
Rather, they are shaped and molded into a coherent form by the cycle of development, testing, feedback, and more development. Even good ideas can be improved. The desired outcome of this phase is the proven viability and demand for the idea-turned-reality.
Implied in your one-year transition plan are clearly stated goals, without which, the transition could not be achieved. Ask yourself, “why am I pursuing this business idea?” What is it you hope to accomplish? It helps to write out some form of mission statement or declaration of purpose.
Once you’ve defined the reason for starting this venture, you’ll need to write out your business and financial goals. Your business goals will support your financial goals. Early on, decide what your earnings will have to be if you wish to leave your current position. For example, if you need to earn $80,000 a year to leave your job, consider whether that’s realistic within the first year. Maybe going part time or per diem by the end of the first year makes more sense.
Write out how your first-year financial goals would be met, given the business idea you’re launching. Outline the business markers that will have to take place for you to reach that point. What products need to be developed, how many need to be sold, and what other projects need to be completed? In the next phase, you’ll calendar the tasks entailed in meeting those goals.
A Written Plan, Implemented
You may or may not have started creating the “stuff” of your business, whether digital content or physical widgets. In addition to developing your product or service, your calendar will be filled with tasks as basic as setting up a website and social media channels. Write down, in general terms, those projects you can reasonably hope to accomplish within the year that will support your business goals. Projects, collaborations, and product development plans are examples. Prioritize your projects.
Now, for each general project, outline the tasks you can anticipate will need to be done to complete the project. Of course, there will be some tasks you can’t anticipate. That’s why it’s good practice to include “make-up days” in your calendar. Think of make-up days as psychological permission to go back and work on something that got pushed back, or to add time for newly created tasks.
Once you’ve outlined the tasks for each project, start prioritizing them so that so can insert them into your day-to-day calendar. Be sure to allow plenty of time for the completion of each task. Err on the side of allotting “too much time,” is such a thing is possible. Schedule your calendar out 30 days in advance, but no more than 45 days. Something always comes up, kids get sick, the car needs to go in the shop- you get the point.
Now it’s time to put your plan into action, working on it every day. Be patient. Starting and growing a business is a marathon, not a sprint. Keep your goals in sight, stick to your general plan, but be prepared to pivot if need be. Begin each day reviewing your goals, assessing your project status, and working on the tasks at hand. Practice patience with the understanding that the best way to eat an elephant is one bite at a time.