There are many people out there who have websites making passive income and I know that is what everyone strives to achieve, but there are also many people out there with websites that make much more time, attention, and planning.
There is a show called Dragons Den here in the UK (In short it is about people pitching their business asking for an investment from the 'Business Moguls')
One thing that seems to be important for a real world business, like a product manufacturer is having a good, well planned out business plan. I was wondering if there are any webmasters or website owners out there who have an actual business plan, just as if it was a real business. What I mean by this is maybe you have said, I want to have 100,000 monthly visitors by month 'xyz' and at 'x' income we will expand to blah blah blah.
This is a really interesting idea because personally I simply think in my head what I am going to do and I do not take much of a professionally approach to it.
Maybe this would be needed if a site has a physical office with a full team of workers who need to know what they are doing, and I am thinking of making one as I think it would motivate me to do more work.
So, what do you think? Is there a need to make a business plan? Have you made one?