<\/p>\n\n\n\n
The thought of online entrepreneurship may be daunting for some of us, especially when you are so used to having a 9-5 job with stable income. I left formal employment in 2014 and have never looked back since. If you are planning to move your business online or simply to leave your 9-5 job, or just make some extra cash while your studying then it is a good idea to familiarize yourself with methods to establish an online presence, how to acquire sales, customer engagement and promoting your online business while you\u2019re in transition. It is wiser to slowly move into adopting online entrepreneurship if your financial situation is heavily dependent on your job and you do not have backup savings. In circumstances where you have lost your job then the pressure would be on as you will need to keep up with bills and other expenses.<\/p>\n\n\n\n
Why do you need a business plan? Why are business plans so important?<\/p>\n\n\n\n
A plan serves as a clear guideline to help you attain your end goal. This is not only relevant for online entrepreneurship but any entity with an end goal. Although it may be time consuming, it’s importance is fundamental to your business\u2019s success. It\u2019s understandable that we all differ on our opinion on planning as some people may not see it as relevant due to the changing nature of the digital world.<\/p>\n\n\n\n
-As a startup a business plan will help you to evaluate your new idea , identify your potential market and your customers . It will also give you a clearer picture of your financial needs. A business plan will also help you to identify what stage your business is at if you already have an up and running business. You will be able to focus on what your priorities are for your business , it is similar to compiling a wish list or a vision board. It gives you a sense of direction. It helps you to define milestones with measurable objectives. <\/p>\n\n\n\n
A business plan will involve a lot of brainstorming, discussions and research. It is advisable that a business planning software if used to help you to move forward with your planning. <\/p>\n","protected":false},"excerpt":{"rendered":"
The thought of online entrepreneurship may be daunting for some of us, especially when you are so used to having a 9-5 job with stable income. I left formal employment in 2014 and have never looked back since. If you are planning to move your business online or simply to leave your 9-5 job, or<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[152,149,163,162],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5DDcp-cE","_links":{"self":[{"href":"https:\/\/www.hotnglam.com\/wp-json\/wp\/v2\/posts\/784"}],"collection":[{"href":"https:\/\/www.hotnglam.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hotnglam.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hotnglam.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hotnglam.com\/wp-json\/wp\/v2\/comments?post=784"}],"version-history":[{"count":2,"href":"https:\/\/www.hotnglam.com\/wp-json\/wp\/v2\/posts\/784\/revisions"}],"predecessor-version":[{"id":796,"href":"https:\/\/www.hotnglam.com\/wp-json\/wp\/v2\/posts\/784\/revisions\/796"}],"wp:attachment":[{"href":"https:\/\/www.hotnglam.com\/wp-json\/wp\/v2\/media?parent=784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hotnglam.com\/wp-json\/wp\/v2\/categories?post=784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hotnglam.com\/wp-json\/wp\/v2\/tags?post=784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}