7 ways to start your 2021 business planning

Whether you’re ready or not, it’s time to start your business planning for 2021. Even if you’re a one-person business, don’t underestimate the importance of having a business plan for the next year to help guide your decisions and keep you on track, especially as we all try to navigate the ever-changing economic landscape.

Here are 7 ways to get started with business planning for 2021

As they say, Rome wasn’t built in a day — and neither is business planning. There are steps to take, but with detail and care, you can create a strategic plan for 2021.

  1. Start by reviewing 2020 performance.
  2. Don’t try to plan everything for the whole year.
  3. Review your ideal customer profile.
  4. Consider the competitive landscape.
  5. Build your financial plans.
  6. Prioritize your opportunities.
  7. Use bricks and blocks style planning.

Let’s get started!

1. Start by reviewing 2020 performance

Maybe 2020 didn’t go quite the … Read more

Download the Fall 2020 Venture Forward report

Ventures are all around us. They’re the people who build websites, sell homemade jewelry, offer cooking lessons, or run a blog.

Across the country, these ventures are making our economy stronger and our communities more resilient.

But few policymakers have visibility into their numbers and economic impact. We’re out to change that.

Related: Four policy pillars that will encourage online micro-businesses

Our latest round of research looks at how these online microbusinesses have helped communities during the pandemic — and how communities are helping these ventures in return.

The Fall 2020 report aims to help policymakers and economic developers by displaying:

  • How many ventures there are in the U.S. across different types of communities.
  • The impact ventures have on increasing median incomes and decreasing unemployment rates.
  • Who the people behind ventures are and how they’ve fared during the COVID-19 pandemic, also broken down by gender and race.
  • What industries have
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