There’s a perception that when going self-employed or setting up a side hustle that it’s necessary to produce a detailed, 50-page Business Plan before you can get going – but this isn’t necessarily true. You will need a document like this if you’re asking for a business loan or looking for investors, but this is usually once you’ve been trading for a while and want to expand. You don’t need a formalised Business Plan before you start – you just need to get going with your idea.
However, having a step-by-step action plan is always a good idea, and studies prove you’re likely to be successful if you write down your plan. In this self study pack, we’ll look at project management and time management techniques to make a workable action plan.