Starting and Running a VA Business: What’s in Your Business Plan?
Friday, March 28th, 2008When you’re starting and plan to run a VA business, one of the most important things that you can do is to create a great business plan. Your business plan, after all, is going to serve as a guideline for what you’re going to accomplish and it’s going to help you to get financing along the way if you need it.
So what should the business plan for running your VA business include?
Your vision: Where do you see your VA business going?
Legal and financial information: Budget information and permits are the type of things that you’ll want to include in this section.
A sense of your services and pay structure: Your business plan should contain information about the VA services that you’re going to be providing. It should also have information about how much you are going to be charging for the services that you offer.
Information about the office that you’ll be running your VA business from: whether you’re going to run your VA business from your home or you’ll be renting office space, it’s good to have it on paper. It’s also a really good idea to keep track of the information that you have about equipment – your computer, software, fax machine, etc.
The service agreement you’ll present your clients with. When your service agreement is a part of your business plan, you’ll be making a commitment to yourself and your clients – a commitment that you will be in a better position to follow through with.
When you’re going to be running a VA business, it’s a really good idea to get your plans out of your head and onto paper. A business plan is an ideal way of making sure that that happens.
