How to Write A Business Plan In 2021 That Produces Results
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- Опубліковано 22 чер 2024
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What's the right way to write a business plan and what mistakes do most people make when writing one? Patrick breaks down top mistakes to avoid. Want the PDF to write your business plan? Text 2021 to 310.340.1132
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Excellent video! This gift is for you:
1. Not taking time to plan.
2. Not having data around them.
3. Overestimate what they can do.
4. Not knowing what to measure.
5. Not going your research.
6. Not learning new skills. Make a list 3-5 skills set and order top books on the subject.
7. Not having cash.
8. Not preparing for the worst case scenario.
9. Not knowing how to incentivize.
10. Eliminate negative people in your life. / Not cutting the fat.
11. Asking small thinkers for feedback.
12. Focusing too much on competition.
13. Letting competition intimidate you.
14. Not planning with calendar.
15. Not knowing who your next recruits are.
16. Not giving every year a theme.
17. Not having the next five move in order.
18. Going into the year with the wrong partner.
19. Not doing business plan with their team.
20. Keeping the business plan as a secret.
Thank you.
Mahalo!
#thankyou
Nobody on the streets of UA-cam actually give this much of information. Thank you so much 🙏😄
"What gets measured gets improved"
When you think about it - it is a dream!
When you write it down - now it is a plan! 😉🥂
When plan is executed - dream come true!
i see you every where .
When you write a business plan, you write it down as if you are going to war inorder to win that WAR! How to use military tactics and strategies in business requires discipline, a well organized structure, rules and regulations with flexibility and feedback built into them. BE UNPREDICTABLE TO YOUR PRESENT AND WOULD BE FUTURE COMPETITORS. Be ready to bypass obstacles and go toward the target while containing all obstacles and allowing them to surrender to you.
Ma'am Thank you so much.
@@trantran7064 sometimes
20 common mistakes people make when creating a business plan
1. Lack of Quiet Time
2. Lack of Data
3. Overestimating
4. Lack of Metrics
5. Not Doing Research
6. Not Learning New Skills
7. No Cash on Hand
8. Lack of Preparation
9. Rewards
10. Keeping Toxic People
11. Unwise Council
12. Distracted by Competition
13. Intimidated by Competition
14. Failing to Plan
15. Lack of Recruiting
16. No Theme
17. Not Knowing Your Next Moves
18. Wrong Romantic Relationships
19. Not Casting a Vision
20. Lack of Accountability
Thank you so much for your advices . So helpful!
WILL POST THEM ON MY WALL AND REMIND MYSELF IN 2021.
Hello Yan🥰🥰
Who on the internet give you this kind of information. Nobody.
Thanks Pat
100 %.......READ HIS INTERVIEW WITH THE AUTHOR WHO WAS A GENERAL & WROTE "STEALTH WAR" oh my what an interview.....You will be glued to your seat....I have watched it 2 times and tell everyone I talk to about it.....smart man I tell you.....
Man I absolutely love this channel. You’re like a mentor who’s directly coaching me!
Pat, I've been watching Valuetainment for years now. You've help me come a long way. Thank you, hope you and your family are doing well. Stay great.
A whole I was searching the internet for a video like this. It s like you heard my prayers. Thanks Patrick! You are the king!
I named the year 2020 the Year of Alignment. I did it when I started doing research like tu said and noticed I had been voting against my values as well as the general awareness of what is happening in the US and the world. This year I started putting my life in order
Hi Pat, hope you and your family are doing well. I wanted to take the time to let you know how much I appreciate everything you are sharing with your audience here on UA-cam, along with your other platforms. I can only imagine the stress and hardship you go through everyday, making these videos, writing things down and sharing them with everyone around you. So I want to say thanks, and thanks a whole lot for your efforts you put in. Sending you a gratitude message is the least I could do, and I hope this can help you like you've been helping all of us for the future. 💪 Stay Healthy Stay Strong
Love this guy so much, no filler words, no need for thoughts, just spitting fire with his words said with true intention.
Thanks Patrick for the guidance!
I'm sick and tired of just being a thinker!🦅 future looks bright!🙏🏽
This is so awesome! I took notes through the whole video and I'm going to start my business plan TOMORROW
Man I wish you could run for president one day SMH your story is what the American dream is all about I believe you can insight hope again
Thanks PBD for helping us improve, your one of the few that gives actual practical advice
I punder on how my retirement experience would generally feel like because I've not yet been able to save enough money and according to my spreadsheet I'm 9 years closer to my retirement schedule.
You can start by investing in the forex market, it's one of the most liquidated market in the world with no limit to profits and in less than two months you should start saving in a bigger volume.
forex isn't like any other work as you must learn the basics and then practice before engaging in real time. unfortunately, You can benefit handsomely from an investment adviser's strategies and trading software while learning from your portfolio.
I get to earn a biweekly trading income of £19,000 pioneered by Mr Carlton Jefferson,ensuring sustainable profitability in my investments. I’d say things are working out perfect
Carlton gave me everything I needed and the perfect basis to begin trading. I value his stand on minimizing risk because this is something I haven't seen on other website and tutorials. greetings from the UK
Trading got more easier with Carlton Jefferson
Absolutely love the way you present and follow up with a pdf. Lots of good reminders and guidance.
Imagine Pat talking with Dan Pena for 3 hours. Quality Content as always.
Hes a bullshitter bro, u should do sum reasearch on that "billion" dollar man
@@mr.e9778 I think you should do "sum reasearch" and offer a link to back your claims
@@sherlockhobbes423 alright brotha. I will come back with a link.
My responsibility is to tell you as fellow internet user what's good and whats bad but alright. Gimme a little time.
@@mr.e9778 Your responsibility is to cite, specially when you mention something you pull outta your ass.
Disagree....the reason people remain poor is they have the wrong Spouse.....haven't you heard ??? Behind every good man there is a good Woman.....??? or something like this, I have heard it all my life but now no one seems to know what it is !!!! The man always gets all the credit for everything, and he could not have done what he's done without a having a good woman .....get my point ???
This episode is GOLD!!! And it’s perfect timing!!! THANK YOU!!! And I love your accent!
Love Valuetainment! I just started listening about 3 months ago and it's changed my life tremendously. I wish I would've known about this sooner.
Yeah me too, they've sure kept this guy hidden.....where has he been all this time, I just found him a few weeks ago and can't keep from watching him.....I just wish he didn't talk so fast.....but he does a great interview....,he lets the person talk that he's interviewing instead of butting in like Hannity always does on his show.....he irks me at times....Hannity I want to hear what the other person has to say so shut up and listen.....he does this a lot when he interviews MARK LEVINE I really like and I'm sitting here yelling over the video for Hannity to shut up and let Mark talk.....Levine is a very smart man.....a lot of people can't learn anything because they don't know how to listen.....just sit back & listen and you will be surprise at how much more you can learn.....Talk,talk,talk drives me crazy.....with these interviews.....
Just love how you translate a well know concept of planning into a simple and common sense approach. I sent to my kids to listen too!
I’m 55... my boys have decided to work with me over the last year and a bit. I tell them everyday, this was my dream and doesn’t have to be yours. I also tell them that their relationship is much more important to me than this business. If they choose this for their life, their relationship cannot be compromised ever! As a father, that would make me sad to know so I told them they have 5 years to prove to me they can get it right or I’ll sell it and then they can each do their own thing. They each have unique strengths that if managed well, they can be successful in second generation.
I enjoy your approach and interviews and would love to see some interviews on successful second generation businesses that could guide us as well.
Keep up the awesome work Patrick!!
You spoke to me when you said some people have big dreams and ideas but never do anything with them. I've been too comfortable for the past 12 yrs but I'm finally shaking this fear and comfort off. I want to be that 1 percent that does something about it.
You are so amazing and I appreciate you helping folks like us. If I would have had you as my teacher back in my school days, I might have been further down the road. I’m following you and your guides now.
100 %
The individual with plans closer to reality is the one that will succeed.
You haven't heard of GC son
@@ln3041 Damn that's crazy.
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- not Grant Cardone 😂
there is the classic store
let's call it 1.0
products almost never change
the owner chose the products
it is boring
now, there must be a new store
let's call it 2.0
products always change
people choose the products there will be via an app
on the app, there is a huge catalog, people choose the products that will show up in the store
the store is constantly being supplied with the products people choose
Thank you! This is the cycle where I get SERIOUS about my business, finances, and building a solid team with the same vision!
Patrick, thank you for putting this all together...here's to a wonderful 2021!
Good morning Pat. Let’s check out your business plan this morning. I’m ready to listen, learn and implement pieces, parts and maybe your entire plan, if sounds good for me. I enjoy all your videos. God bless you.
GLAD YOU ENJOY THIS, but check out his interview with THE AIR FORCE GENERAL , author of "STEALTH WAR" what an interview you do not want to miss this one.....
2020 has been the year of discovering my thirst for personal development. Discovering Patrick UA-cam channel has been just luck. I can t skip my treadmill daily session anymore because I can’t do without my 30 mins on Valuetainment. Thank Patrick, you are so motivational and inspiring, you are helping me become a better leader of Akka Kappa Ltd. Greetings from Ghana. Jolanda
Action and execution create results.
Watching this end of January 2021, the accuracy!
I thought this video was just too heavy for me as a start up owner but within a few minutes in it, I found myself writing down very important points. Thank you kindly.
Always useful content I can immediately start to implement. Thanks Pat! 🙏
Lots of fruit in this video. Thank you, Patrick. Can't wait to do the impossible in 2021!
Getting on this RIGHT NOW!!! Thanks PBD!!!
Patrick, thanks a lot. This type of YT-movie from you i appreciate the most.
My first video. I have aspirations and I love connections. I’m saying this with my whole heart: I need this man in my social circle.
Loved this. Taking it serious. Felt like you were talking to me directly from within that room
I feel for London and I feel for you Brian. Praying that you will absolutely make a difference!
This is what I need. Thank you 😊
The best video business video I've seen this December! Greatly appreciated work here! 👏
Love the business content! As well as the other stuff but this is my favorite
Right on time! I actually have my own 2021 goals video set to release tonight. Thank you for the info as always Patrick!
That’s the way to do it :)
What is your channel's name?
@@zenitcosta2919 its Nick Avloshenko, you can actually just click on my name to find it :)
@@NAFinance okay um waiting for your upload
@@zenitcosta2919 published now, you should be able to see it
One of your best be real and looking forward videos I've seen! Thanks for making it!
Thank you... I needed this kick in the butt 😊
Great video Pat! Gonna be sitting down with my team and a calendar this week to put together a solid plan. Put systems in place and Started picking up clients in 2020. Time to scale it up!!
Thank you Pat!! Was needing this!! Great video!
Perfekt timing 🙏🏾🙏🏾
Love this and your style Patrick, wishing you and yours an awesome 21 ! 🤩
Great advice, I'll send this to all my sons so we can talk about our family plan and thier individual plans for next year.
It is so crazy how God sends you directly to something. Here I am in bed reflecting on my life and decisions I’ve made thus far. My mother passed away November 1, 2021 and listen, the pain I feel is unbearable but I used that pain to fuel every business idea I had and have, challenged myself to do 30 days of consistent business planning (on day 8) and all of this fire I felt and feel is due to the fact that I couldn’t bury my mother myself financially. I thought to myself I can’t leave my daughter’s like this and as a single parent (bad decisions) I will bust my butt until the day I am no longer! This video mentioned Nov 18th and today is Nov 18th…I KNOW i am suppose to be here right now at this moment. I say this to say wherever you are your higher being, God, The universe, Allah…will always guide you to exactly where you need to be and stay a front liner for YOU!! You are on the right path. Blessing to you if you are trying…don’t fold you got this!!
*I wouldn't stress too much about writing a business plan*
The MOST important thing is taking action 😤💯💯
If you haven't written it down. You haven't thought about it enough. Ask a psychologist!
How many millions have you made, Haris King? You’ve named yourself “Million Dollar Dream” because you have dreams and hopes. I’m not convinced you’re providing sound advice, even though I’m sure you’ve got ideas and enthusiasm. You need to know what you are taking action on; thus the reason for a plan. You’re in the right place here with PBD to learn from someone who knows what he’s doing... he’s got the millions most of us are dreaming of. Rather than telling people not to listen, I’d recommend heeding his advice. This is an opportunity for you!
@Shane Jones Who am I opposed to and how did politics just happen? That’s strange. I see a lot of enthusiasm in this man’s name and post... I was encouraging this man to take the energy expended into hopes and dreams to make a doable plan that will help him make those dreams happen. PBD is all about action, and so am I. Clearly, so is Haris King! I’m not sure what your comment is about, but that’s ok. Maybe I just needed to clarify for Haris that he looks like he’s going to go somewhere great, and he’ll be really glad to follow PBD’s guidance. It’s such a blessing to have such wonderful resources available to us, unlike when I was young and had to figure everything out on my own. Have a blessed day Shane! 🙂
You may forget what actions to do so writing them down will remove that concern
THANKS SO MUCH FOR THE KNOWLEDGE
Solid advice Pat. 2021 will be a great year for those who consciously prepared themselves.
so happy i stumbled upon your channel, you sir are a breath of fresh air and a mega leader. THANK YOU FOR THE INSPIRATION
Thanks so much, LOVE this!
Love it love it love it..... thank you brother.. god bless you for always sharing and helping us. 🙌👊🐎
Yes!!! Back to business!! 🙏
Nice just what I needed!
Thank you so much, Pat. You’ve help me a lot through your videos. You’re such a gem in YT!! Grateful to have found you.
As always, great video!
Great info! I run a consulting business who makes UA-cam videos as well, and it's great to see people like you helping others grow in their business.
Hello Susan 🥰
Nothing but value here - big respect Patrick.
Wow PBD Thank you for sharing 🙏 ❤ 😊
Completly agree with you and is for the reasons that you explained that we're always focus on control, details to score and save our business mission
PURE GOLD !!
Thank you Patrick!
Wish list is completely different than business plan. Thank you for that reality check! 💯
Great video, definitely going to be implementing these strategies for 2021.
Be better than yesterday sidehustlers!!!
Thank you for this amazing content!
Patrick, you are a true leader and inspiration. I trust a lot of your advice which is rare these days.
Videos we have been waiting for!
Great content PBD!! Appreciate it so much! all the best
Thanks so much ! This has really bless me!
Great info and actionable insight. Ready to apply this and take on 2021 and every year thereafter. Feeling #motivated! Thank you
Thank you sir!
Thank you so much I appreciate you
Thanks ALOT. YOU ARE TRULY ONE OF MY HEROS. Thank you thank you thank you. This is quality free information that i plan to implement into my life ASAP.
Always coming through with realistic expectations. I definitely need to find people that hold me accountable. I know that the circle I have around me have small minds (nothing wrong with that) because they never give me great feedback, they only say, "good for you" or "that's good", and I immediately change the conversation because everything gets quiet and awkward 😅
That's because they are JEALOUS of you, like they've been of Trump.....forget them and get on with your life and do what you want to do ...........with friends like that who needs enemies......??
Appreciate you sir!
Thank you Pat. Amazing video
Patrick this is gold 👌
I am surprised you didn't include the big tech guys on the list of "those" to watch in 2021.
Oh that's because all we need to worry about is China & Patrick knows this.....you should watch some of his videos that state this too....when you get a chance watch the Video where he interviews the guy who wrote "STEALTH WAR" sorry can't think of his name but he was General and went to China to learn their language and he learned much more than that !!! You just have to go watch it.....I wrote info down, here somewhere....but you should be able to find it this way.....I think he has done more interviews than one with this General.....but just look up the Author of "STEALTH WAR" .....
Thanks Patrick!
Thank you for this content of knowledge
You have so much wisdom. I learn a lot from your methodical approach. Thank you.
Always on point 🔥🔥🔥
God bless you brother!
For all the wisdom you share .
Thank you 🙏🏽
Amazing insight and plenty to think about. Thank you for sharing
Thank you for sharing David, may God continue blessing you mightly!!!
Pure gold!
You're such a blessing man. So glad I found this channel. 🙏
Again, many thanks
Love your content, don’t stop
Pat I don't live in America but I have been following your channel for a couple of years now. Awesome work that you do. Thank you for being such a blessing with all your sharing!
Thank you, Pat!
It's an aye opening for 2021 good job @pat,.
Thanks Pat!!
YOU ARE AN ABSOLUTE GENIUS. My multi-millionaire great-uncle in New York shared your name on a recent phone call, and I have been watching video after video. I'm literally taking notes with every video. Thank you for sharing the wealth!
A little late but here are my notes:
A business plan is also a life plan.
It's not just limited to business.
Consider these aspects:
1. Financial,
2. Family,
3. Business,
4. Health,
5. Personal development,
6. Spiritual
Recap the year that has passed:
1. Study trends
2. Good/bad/ugly
3. compare the previous year (i. month to month, and ii. quarter to quarter
)
4. Missed opportunities
5. SWOT analysis (Strengths, Weaknesses, Opportunities, Threats)
Look up potential threats
1. Industry
2. Politics
3. Economy
4. Regulation
5. Family/Health/Personal
6. Anticipate expected events in company
- Are you on track to meet the events and deadlines that will take place in 2021?
Things to anticipate in the company-
1. New hires
2. New products
3. New compensation plan
4. Next 15 moves in every aspect of your life
Numbers to measure
- Every month's record
- Every quarter's record
- 2021 goals
- Revenue/Net profits
- New subscribers/customers
Topics to follow in 2021
1. Trade war
2. 5G
3. Brexit
4. Election
5. US/Iran
6. Epstein
People to follow closely in 2020
1. President of the US
2. Presidential candidates etc.
3. Stonks man
4. Kushner
4. Musk
5. Dorsey
6. Zuccc
People to follow closely in 2021:
1. Donald Trump Jr.
2. Xi Jinping
3. Joe Biden
4. Kamala Harris
5. AOC and the Democrats
6. Michael Osterholm
7. Dwayne Johnson(President?)
8. John Roberts (He votes against the Republicans at times)
9. Jerome Powell (Interest rates)
10. Lebron James
Be careful of these-
1. Take time to plan. Quiet time to think is important.
2. Have data: Having numbers is important to compare and judge. Example: Tracking money and value (Checking account, Savings account, Investment, Stocks, Mutual funds, Artefacts, Collectibles, Cards etc)
3. Don't overestimate what you can do in one year: Be realistic, be patient.
4. Know what numbers to measure.: Understand what is the most important data to measure.
5. Do your research: When you have an idea of what is likely to happen, you can take good decisions.
6. Learn new skills:Identify what skills you need to learn for the next year and learn them. Make a list of 3-5 skill sets and order every top book on the subject.
7. Have enough cash: Have enough cash in case of emergencies.
8. Prepare for the worst case scenario: Prepare for unexpected things to happen so they don't take you by shock.
9. Know what to incentivize: Don't spend on what will not give good returns. Plan ahead. Reward and punishment: Keep your word for yourself.
10. Cut the fat with some people in your life : Unfollow toxic and negative people in your life.
11. Don't ask small thinkers for feedback: Ask them in details about the business plan. Somebody who can hold you accountable.
12 and 13. Don't focus too much on competition, don't let them intimidate you.
14: Plan with the calendar: Consider the events that will happen and have them written down. Consider the plan accordingly.
15. Know who you are going to recruit next.
16: Give the year a theme: When you have a theme, you will be emotionally connected to it.
17: Have *your next five moves* in order. (!!!!!)
18. Don't go into the new year with the wrong partner: Can you live with the worst of the person you are in a relationship with? Do your visions match?
19. Do your business plans with your team: Consider your direct reportees in your plan
20. Don't keep your business plan a secret: Don't keep it secret so that you are accountable and take it seriously.
Your content is always on point. I appreciate your dedication and solid information!