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Thread: Business Plan
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10-31-2004, 09:08 AM #1Web Hosting Guru
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Business Plan
I have bought my reseller account recently but I think I need a business plan. I have been reading the tutorials here but I am still unsure of the things that I need to include in the business plan. Thanks in advance.
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10-31-2004, 09:24 AM #2Retired Moderator
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I think just go out and start selling , u will learn more practical than ponder over a business plan.
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10-31-2004, 09:30 AM #3Web Hosting Guru
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Currently, I am have started sponsoring a few websites in exchange of advertising inventory and the revenue is not bad for the moment. It is as if the clients are paying for their web hosting.
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10-31-2004, 09:35 AM #4Web Hosting Guru
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DO NOT do wat booncuan said. DO NOT DO IT (no offence boonchuan). In the thread "$7428k to spend...", I have given a guide to writing a business plan.
Seriously. You HAVE to write a business plan. It could have been a mistake buying a reseller account so quick, but better late than never!
I found a MAJOR flaw in my plans that could have cost me £Thousands had I not planned ahead in my bus plan. Do you wanna risk that? I sure as hell know I wouldn't.
It took me 2 weeks to write the business plan, not long, and I found many things out in it.
My plan is 11 pages long (I have been told it's pretty short), and details marketing plans, advertising campaigns, income/expenses, customer estimates, break-evens information, target customers, pricing plan, payment, expansion and loads more.
BELIEVE ME, it IS worth writing a business plan. Many a business has failed due to lack of planning, DO NOT be one of these businesses!
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10-31-2004, 10:01 AM #5Web Hosting Guru
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That's exactly why I am writing my business plan. I started my business plan before I bought the reseller account but have been redoing it all along as I can't seem to get it right somehow.
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10-31-2004, 10:31 AM #6Web Hosting Master
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Here is a business plan how-to, it should help you a lot:
http://www.webhostingtalk.com/showt...threadid=272345Golden Globe Hosting | It's Time To Get Online.
www.goldenglobehosting.com
info@goldenglobehosting.com
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10-31-2004, 10:37 AM #7Web Hosting Guru
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Thanks but I have read that already. I am trying to get more practical advice from people who got their own business plans as I believe there's more to it.
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10-31-2004, 11:46 AM #8Retired Moderator
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No offense Sir! Just that I saw too many ppl with lots of biz plans but never take a step towards achieving their goals, biz plans is impt but has to be sustained by actual practical steps. I had work in big corps. All but talks all but papers....so normally a little phobia towards biz plans
[QUOTE]Originally posted by will7
[B]DO NOT do wat booncuan said. DO NOT DO IT (no offence boonchuan). In the thread "$7428k to spend...", I have given a guide to writing a business plan.
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10-31-2004, 11:49 AM #9Web Hosting Guru
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That's quite true too as I am currently on internship with a MNC. There's always talk and papers but I still think it is always good to have the plan to look at so that I feel more motivated in working towards my goal.
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10-31-2004, 11:52 AM #10Web Hosting Guru
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K boonchuan. Just follow your business plan and, if it is a good business plan, all should go to plan. Good luck!
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10-31-2004, 11:57 AM #11Temporarily Suspended
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You do not really need a perfect business plan. There are a thousand factors in this business that you don`t know before you start selling. You need some ideas on how you are going to do things and how much it will cost you etc. Once you have that you will have to make experiences. You will have to waste a few thousand bucks in order to learn how it works. If you are asking me there is no way around that.
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10-31-2004, 01:11 PM #12Web Hosting Guru
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If I need a few thousand bucks to learn then I really need a good business plan. At the moment, I am spending a small amount of money for my reseller account while trying to sponsor a few decent websites for their advertising inventory before I venture out into getting customers for paid hosting.
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10-31-2004, 01:30 PM #13Temporarily Suspended
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>If I need a few thousand bucks to learn then I really need a
>good business plan.
What I wanted to say is that there are things you can't plan.
For example if your business plan says: "I will spend 1000 Dollar a month for advertising and gain 30 clients that way" - How do you want to know if 1000 bucks will result in 30 clients. The ROI rate is one of the factors you don't know before you try and there are 1000 other factors. You can't make a plan without experimenting and that involves costs...
What I suggest is:
Make a very basic plan at the beginning...then try and find out the factors. Then when you have the factors make a more detailed business plan.
Of course you must be very careful. If you make a mistake it might break your neck... Its like in that movie named Cube - does anyone know that
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10-31-2004, 01:33 PM #14Web Hosting Guru
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Thomas, base all plans on break-even. If you don't get that many customers, you are losing money. You can tell this if you know what you're gonna charge. Then, every customer after that is profit.
I planned, using break-even info & estimates, that if I moved onto my own servers (from Ded.), then I wouldn't be making much more (or possibly less) to warrant the move, so that was taken out. You see, I could have lost £Thousands.
Yes, mistakes will most likely occur, but you have to try to prevent MORE of those mistakes happening.
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10-31-2004, 11:31 PM #15Junior Guru Wannabe
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Hi ORin,
Hope this helps you out, someone (wish I could give them credit but I don't remember) forwarded this to me to help me out. It's the best plan that I've seen that could be translated over to web hosting, helped me out a ton. Very detailed.
http://bplans.com/spv/3301/
Good luck in the future,
Rich
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10-31-2004, 11:42 PM #16Web Hosting Guru
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Originally posted by bizwired
Hi ORin,
Hope this helps you out, someone (wish I could give them credit but I don't remember) forwarded this to me to help me out. It's the best plan that I've seen that could be translated over to web hosting, helped me out a ton. Very detailed.
http://bplans.com/spv/3301/
Good luck in the future,
Rich
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11-01-2004, 02:03 AM #17Superhero
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Originally posted by boonchuan
I think just go out and start selling , u will learn more practical than ponder over a business plan.
A business plan should contain a general outline of just about everything. All fees, all expenses, budgets, estimated ROI, licensing rates, support setup/planning, billing setup/planning, etc. Basically, anything related to your business.
You need a business plan, without it you have no idea what you're jumping into.Last edited by Amdac; 11-01-2004 at 02:08 AM.
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11-01-2004, 04:19 AM #18Web Hosting Master
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Originally posted by boonchuan
I think just go out and start selling , u will learn more practical than ponder over a business plan.
You will learn most of what you need to know, as you progress. Just take things 1 day at a time, and learn as much as you can from those hosts who have gone before you.
It also depends which level you want to start at. If you're starting from the reseller level, then that's pretty safe. You can earn while you learn, but you need to keep your wits about you.
If you're starting from 10 servers and a couple of staff, then you need to lay out the cashflow and have a very good idea of what you're doing. You'd probably need to have been through this before and are very experienced, or have a wad of cash to burn,. while you learn from all the mistakes you'll make. WLVPN.com NetProtect owned White Label VPN provider
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11-01-2004, 04:28 AM #19Web Hosting Master
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Originally posted by Amdac
A business plan should contain a general outline of just about everything. All fees, all expenses, budgets, estimated ROI, licensing rates, support setup/planning, billing setup/planning, etc. Basically, anything related to your business.
You need a business plan, without it you have no idea what you're jumping into.
I built HTTPme without a "business plan", so it can be done.
Unless you've built a hosting company previous, you will have absolutely no idea what "you're jumping into", so trying to work it all out in advance, is practically a total waste of time. But hey, if it makes you feel better. WLVPN.com NetProtect owned White Label VPN provider
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11-01-2004, 06:43 AM #20Web Hosting Master
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Oh, and before anyone says I'm not advocating folks setting up a hosting business without some kind of business plan/vision/road map. I personally believe a very strong vision/dream/passion is critical for success in this industry.
But as I said before, unless you're very experienced in this industry, you'll have very little clue of what to expect when making a business plan, until it hits you, and all the forward planning in the world won't amount to all that much, in the harsh reality of running your hosting business. WLVPN.com NetProtect owned White Label VPN provider
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11-01-2004, 06:49 AM #21Web Hosting Guru
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Hmm... I would say while being practical is good, I think someone like me still need something black and white to remind me of my goals in case I stray off course...
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11-01-2004, 07:23 AM #22Superhero
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Originally posted by Aussie Bob
BTW, most of those ideas were all wrong too. heh.
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11-01-2004, 07:48 AM #23Aspiring Evangelist
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Originally posted by Amdac
That's exactly why I said a business plan is essential. Yes you can start a business without one and waste money and resources, but there's absolutely no reason not to sit down for an hour or two and plan things out ahead of time, possibly saving thousands of dollars and many mistakes down the road.
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11-01-2004, 08:07 AM #24Superhero
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Originally posted by Deefer
Maybe having a reseller account for a few months and trying to attract customers whilst learning a bit more about the tech support side and how time consuming it can be would be beneficial before writing a business plan.
All businesses need a starting point.Webmaster Forum webmastertalk.net Webmaster Community Forum
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11-01-2004, 08:13 AM #25Web Hosting Guru
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Indeed, I find myself lacking in terms of technical support knowedge so I guess it is better off with my reseller account and website sponsorship. Once I am breaking even or have a stable income, I will start moving forward by getting either a semi-dedicated server or VPS. But which is better and more economical?