What makes it hard as entrepreneurs is creating a recipe from scratch and developing our own proprietary formula that results in a positive sum game.
Here’s a formula I think might help make it a bit simpler. If you can piece all these things together as the foundation of your business, it’s just a matter of the right ratios:
What is your businesses PURPOSE?
What is your unique POSITIONING?
Through what PRODUCT will you manifest your purpose? (Think of your service as a product)
What PEOPLE will you serve?
What PEOPLE do you need to help you fulfill your mission?
What PROCESSES do you need to create to help this machine run more smoothly?
Knowing all of this, can you make a PROFIT?
Is your profit enough to ensure POSITIVE CASH FLOW?
This is your free business planning model in case you needed one and the beginning of your recipe!