Khoa Bui - The Online Entrepreneur

One of the most frustrating things you can ever do is simply have too many projects to do, starting them and never finishing them. Also, when you have too many projects, you jump from one project to another and end up repeating the cycle. As a result, you never finish the projects and end up where you started from… but a list of incomplete projects that costs alot of time and money in the process.


But there must be a better way to keep track and stay focused right? Yes there is. It’s called The One Page Business Plan.


This particular type of planning I believe is very important to setting goals and achieving them. Since I’m a big fan of goal setting, I’m always on the lookout for new ideas and techiniques to get me where I want to go faster.


I admit that one of my limitations is not that I don’t have any ideas, but that I have too many ideas to implement. So far, all of the projects that I have achieved and finished is only a minute fraction of all the ideas that I conjured up over the years. However, one of the biggest drawbacks of having too many ideas is that you can really get lost in the mist of things and you get busy chasing after the next shiny object.


You become an excellent starter but a terrible finisher. I’ve been there… many times. However, one thing I realised is that an idea that has been started and never finished is the same as an idea that never existed in the first place. The true antedote to this is focus!


The One Page Business Plan is a very effective way of keeping you focused and on track. To describe the one page business plan, there are three boxes:

• 1. Where am I now?
• 2. Where do I want to be?
• 3. How will I get there?

In the first box, “Where am I now” you describe exactly where you are at this current time in two separate headings “Strengths” and “Weaknesses”. For example, you can say you have excellent computer skills and know how to generate income online but in the weaknesses heading, you can write you don’t know how to build a website.


In the second box, “Where do I want to be?” you describe exactly where you want to be in 3 - 5 years. You also need to write down critical things you MUST have in place within 12 months. For example, you can write, I wish to live in a four bedroom, two bathroom, house only 5ks away from the beach, swimming pool where I can practice to become a professional swimmer. Critical - Need to get internet business up and running by the end of the year.


Finally, in the third box, “How will I get there?” you write 5 different strategies in which you believe will get you there. In each strategy, you have a separate box and write down the steps in which to achieve each of those strategies. For example, strategy 1: start an interenet business that generates income for me. Step 1. Research my passions. Step 2. Decide what I am good at. Step 3. Ask someone to build a website on what I am good at. Step 5. Write everyday to generate traffic to the website. Step 6. Setup affiliate products and my own products.


The great thing about the One Page Business Plan is that it’s all on one page and you can pin it up at your office or where you can see it often. Most importantly, it keeps you focused and on track to achieving your goals.