Having a blog and stalking the Dot Com Lifestyle doesn’t really mean anything these days. Everyone has one and everyone is doing it. So what do you do now?

For starters, remember that basic business principles still live on the web–including the good old fashion business plan. Don’t expect to get too far into the game without having one.

A bootstrapped business plan is simply a business plan that is ultra-concise: a brief but powerful overview of how you will run your online business, including your blog. No pie charts, no research teams, no 100 pages–just a very precise plan of action.

If the idea of crafting business plan turns you off, then think of it like a Sherpa–something to guide you on your trek to the summit. Go up without one and your odds of survival certainly plummet.

Follow these simple and straightforward steps and you can have an actionable business plan in 30 minutes or less: [Read more...]