Currently, I'm in the analysis phase. I've loosely figured out my mission, vision and compentency statements, as well as core values. As you can see I made lists, then smaller and smaller lists until I came up with my values. Even harder for me is now defining my product(s), competition, and my own niche. Honestly, I'm really indecisive about what I want my business to be or what I'd most like to do or become, so this part is hard for me. I often see how saturated the handmade, paper goods and stationery markets are, and I feel defeated before I start. Honing in on my differentiation is the most challenging part. My hope has been that this will just magically fall into my lap or there will be a giant, lit up sign telling me what it is. This happens, right? Despite the odds of that happening, I still believe I'll be discovering a lot of this as I move forward, and for now I will possibly have to make some educated guesses. My next steps are to try to figure out what I am best at, what I enjoy most and is there a way it can be profitable too? No small task, but I know it will be such a useful plan to have as a foundation moving forward.
To name a few helpful resources, I'm currently reading Etsy-preneurship by Jason Malinak, which has been the lucky millionth-and-one resource to remind me of the importance of a business plan. I also check out Braid Creative, Etsy blogs, Design Sponge Biz Ladies series and have read a few other books which have been great resources too. Oh, and on Fridays, my husband and I watch Shark Tank. (How don't I have this business plan finished with reality television as a guide?!) More to come on this process!
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