Evolving Business Plan for my Studio

Kitchen Table TalkI like to try to be available to listened to the Kitchen Table Talk show on the Pulse Network on Tuesday afternoons with Joe Sorge and Chris Brogan and if I miss it, take some time to listen to it at a later time in the Pulse Network archives… Over the last few weeks they have been talking about business start-ups and yesterday they interviewed Tim Berry, who spoke about Business Plans in the real world and the need to make them changeable… There was/is some great info to hear and think about shared on the show, which you can check out here: http://thepulsenetwork.com/technology/kitchen-table-talks/

Over the last year, I’ve been working on my reopening my studio, ArtWorks of Candor and have been using what I call an “Evolving Business Plan”… Now most people do a business plan to obtain funding or a loan, but I do a smaller one- 3-6 month practical plan and a year goal oriented plan…

Business plans are just estimated number projections with a overview of the “plan”, without many of the details and so much can change in just a few months, let alone three years… From new taxes, gas prices to the basic cost of business with adding in new products and services you might use, create and offer…

So a 3-6 month business plan filled in with working capital is what I and many of my friends use in Business… An Evolving Business Plan is one that can grow and be able to handle the unforeseen bumps or change in directions in the road of business better for me… It also allows for smaller, more affordable steps and allows for change for the future…

To help support this concept in an unforeseen way was Chris Brogan, at the end of the show announcing he was writing a new book with a 6-week deadline on “How to use Google”… Now Chris Brogan is a busy fellow and the Google + Project has only been out for barely 2 months now… He also did a seminar on how to use Google Plus 2-3 weeks ago, which must have taken him lots of time just learning this new Social service, let alone create a presentation to help others with using it effectively… There is no way you can tell me Chris had this in his business plan 6 months ago…

And by the way, Yes, I will be buying one of Chris’s books about Google when it comes out…

How does this relate to my reopening my studio with an evolving business plan? I was gearing up to teach some Social Media Workshops and I’ve chosen to wait while the Google+ Project grows a little more- after they have opened it up fully to the general public and have added Business Pages… I’ve lesson plans outlined already for the Facebook & Twitter workshops, still needing to tie them together a bit with images, visuals and create a hand out booklet… I now want to be able to add Using Google+ to the class… I know this will be truly valuable in this area that seems so challenged in adding and using Social Media effectively for their online presents… I am also enlarging the idea, to teach it in VA near where my Mom is, so as to be able to spend some time down there…

Having the “Evolving Business Plan” also allowed me to instead of just adding the Giclee Fine Art Printer to sell my own limited edition prints to creating a 2nd business to offer Giclee Fine Art Printing Service to other Artists and Photographers online and in the local area… So keeping a changeable, flexible, evolving business plan with ideas in mind really helped with several new concepts and services I am working on for reopening my studio…

Even though I’ve had two bank Vice Presidents in the past tell me I had created one of the best business plans they had seen in their 20-25+ years of their being in banking, I’ve also set aside time for a workshop webinar Thursday about Business Plan development he will be offering- “Plan-as-you-go business planning methodology”… You can read more about it on Tim Berry’s website:
http://timberry.bplans.com/2011/08/please-join-me-online-live-this-thursday-aug-18.html I believe you can never know enough and there is always something new you can learn…

So having a Real World Business Plan that is changeable to the times is key and being a little flexible can pay off…

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2 Responses

  1. Thanks for the guidelines you have provided in Evolving Business Plan for my Studio Charles Taggart's Blog. One more thing I would like to convey is that personal computer memory specifications generally rise along with other breakthroughs in the technologies. For instance, if new generations of processor chips are made in the market, there is usually an equivalent increase in the dimensions calls for of both computer memory and also hard drive space. This is because software program operated by means of these processor chips will inevitably boost in power to use the new know-how.

    • Very good point, as this is something I have been doing since my first Mac Plus, every year to couple years updating the computer… Am in the process of doing that very thing now, since adding a Giclee Fine Art Printer, and the need for the latest version of Adobe CS5.5…

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