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Business Plans

e-book image of "How to Write a Business Plan" by Mike McKeever

As I switch focus to my hobby (crafts) for extra income to help me pay down debt, I've been toying with turning it into an official business.

Enter thoughts of writing a business plan. Part of me thinks it isn't necessary. Why not just make stuff then try to sell it? Then, if it eventually gains enough traction that I want to go full time with it, then write a business plan.

Everything I've read, though, makes me think that having a business plan might inspire me to put more effort into it than a "going with the flow" mentality does. Will it boost sales? No clue. But I do know that the two or three times times I've tried to sell my crafts so far have been money losers. I've spent more on vendor booth space than I've ever generated in sales.

I can identify a few issues, the biggest of which is that I don't have much to sell. Perhaps a business plan would help me identify more ... or at the very least, help me to see if I'm just wasting my time.

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