Do you have a business plan template for life? Have you created a strategic plan for getting the most out of your life, both short term and long term? If not, perhaps you should consider pretending your life is a business, and creating a proper business plan.

Life is a Business

Well, life isn’t actually a business, but you can experience profit and loss. Profit or loss can be financially, professionally, personally, or spiritually. You can also have a balance sheet – showing your assets and liabilities at a specific point in time.

Though this site often has articles about creating business plans for coaching businesses, it’s just an easy shift in thinking to consider having a business plan for life, and for that, you might need a business plan template for life.

Remember, you are the CEO of your life – you are the boss, the man or woman in charge. You make the decisions and you live with the consequences of the decisions, both good and bad. Having a handy reference guide just might be the help or the motivational kick in the butt we all need at times!

A Business Plan Template for Life

What would a business plan for your life look like? What sections would it have? What information would it contain? Well, business plan templates for lives would be similar to an actual business plan for a coaching business.

One of the most important aspects of a life business plan would be the ability to change it from time to time. Individuals go through many changes and updating your business plan would be crucial to its pertinence. So, expect to update one every couple of years or any time you make major changes in your life.

Here are a few sections that should be included in the template for a life business plan:

Values

Just like a business plan for a business, you need to identify values that drive your life, that motivate you, and to which you aspire. Create a full comprehensive list for future reference when times get tough or you need to make critical decisions.

Vision and Mission Statements

I have combined these in this business plan template for life. Since they are related and often confused, combining them may provide even more value. A mission statement is your more immediate goals while a vision statement is your long-term vision of where you want to be or what you want to achieve by a specific time.

Goals

List financial, personal, or professional goals – both short term and long term. Be both detailed and general. Think far ahead and near term.

Strategic Plans

This section would be similar to one on marketing in a business plan. Create some pathways to your goals. Also list ways to assess your success as you move along those pathways. This section of the business plan template for life will probably be the longest and most detailed section.

Market Analysis

This isn’t truly a market analysis, but it should be a section in which you detail the environments around your goals. For example, if you want to be a lawyer, you should analyze law schools, how hard it is to get into specific law schools, the competition for jobs in the legal field in your area, and alternative goals in your chosen field.

Administrative

The final section in the business plan template for life is the administrative section. This is where you detail the requirement to reach your goals – what degrees and license you may need, what type of work you need to do, best place to live, best backs to scratch, and everything it takes to get where you want to go!

Special Bonus – Learn 3 simple ways to become a life coach with the “30-Days to Become a Coach” video toolkit when you fill in the form at the top right and click the “Watch The Videos Now” button. You’ll learn how to change your client’s life in 45 minutes.

Fred Philips
Business Coach
Writing Team, Coaches Training Blog Community