Setting up a New Workspace

Each workspace is dedicated to one business plan, allowing you to concentrate your efforts and streamline your work.

Despite this, users have the flexibility to create multiple workspaces for different projects, easily switching between them as needed.

Creating a new workspace:

Adding or creating a new workspace in your account can be accomplished through 2 straightforward methods,

Directly from the sidebar section:

This method is ideal for users who prefer to organize their workspaces right from the beginning or need to quickly add a new project space without navigating through additional options.

1

Log into your account and locate the Sidebar on your dashboard. The Sidebar serves as your navigation hub.

2

Look for an option that says Create New Workspace. This option is typically represented by a plus "+" icon or a straightforward label.

3

Click on this option, and you'll be prompted to enter details such as the Workspace Name and, optionally, a brief description.

From the Resources Section:

If you're in the process of exploring business templates or are about to start a new plan, this method allows you to seamlessly integrate the creation of a workspace as part of your planning journey.

1

Within your account, navigate to the Resources section, where you get the Sample Plans option, and within that, you can browse various business templates.

2

Select a business template that aligns with your project or planning needs. Upon choosing a template, the system will present an option to tie this template to a new workspace.

3

You'll be prompted to either select an Existing Workspace or create a New Workspace. Choose to create a New Workspace.

Both methods offer a user-friendly approach to organizing your business planning efforts, ensuring that you can start with a solid foundation regardless of where you are in the planning stage.

How to set up a new workspace?

Setting up a new workspace is a straightforward process designed to get users up and running quickly.

1

Once logged in, locate the "My Workspaces" section and add/ create New Workspace.

NOTE:  You can create a workspace in 2 ways as above shared.

2

The next step in setting up your workspace involves defining the Workspace Name and clicking on Create Workspace to proceed further.

3

After naming your workspace, focus on defining your business's core identity. (i.e. What does your business do?, What's your business tagline?, etc.)

You can also set your business logo as well by clicking on the given field.

Add the Business logo by clicking on the given field.

• What does your business do?
  Provide a Clear Description: Summarize the main activities, products, or services your business offers. Aim for clarity and conciseness, so anyone reading can quickly understand the essence of your business.
• What's your business tagline?
  Craft a Tagline: Choose a brief, special word that captures your business's identity and value proposition.
  
  To effortlessly create a business tagline, navigate to the Suggest With AI option. 
  
  By clicking on it, the AI will present multiple tagline options based on your provided business details. Choose one that aligns with your brand’s vision and values.
Click on Next to continue.

4

Select your industry, define your company's current stage, and state whether it's operational. These details provide a clear context for your business plan, ensuring it aligns with your actual business environment.

• Select an Industry in which your company is operated
  Select an Industry: Choose the industry closest to your company's activities. This aligns your plan with specific sector trends and insights.

• Company Stage: Identify your company's current stage (startup, growth, etc.) to tailor strategies to your business's lifecycle.

• Is this company currently in operation?
  State if your company is currently operational ("Yes" or "No" ) to provide context for financial and market planning.

• Company Type: Indicate the legal structure or type of your company (e.g., sole proprietorship, LLC, corporation).

• Number Of Employees: Indicate your company's workforce size to inform scale and resource planning.

5

Select your company's operating country and currency.

This step aligns financial projections and operations with local economic conditions and regulatory requirements, ensuring accuracy in financial planning and analysis.

6

The next important step involves detailing your company's funding details. This section is vital for understanding the financial foundation and goals of your business:

• What is your current funding situation?
  Specify whether your company is Bootstrapped, relying on personal finances and operational revenue, or Funded, indicating that you have received external financial investments.
• Looking for funds for your startup?
  Indicate with a simple "Yes" or "No" whether you are actively looking for more funds for your startup.
• What is the purpose of the business planning?
  The purpose of business planning, informed by your funding situation, focuses on key objectives like securing investment, expanding operations, exploring new markets, or optimizing your structure.

7

Moving to the business overview, This section leverages the power of AI Assistance.

By clicking on the "Start Questionnaire" option, AI will start to prepare a personalized set of questions based on the business information previously inputted. Wait for a moment and questions will be ready shortly.

Here's how it works:

• AI-Generated Responses: For each question posed by AI, you have the option to use AI-generated answers. This feature is designed to provide insightful, data-driven responses that align with the details you've already provided about your business.
• Customization: While AI-generated answers offer a solid starting point, you're encouraged to customize these responses. You can edit, modify, or entirely rewrite the AI's suggestions to better reflect your business's unique aspects and strategic vision.
• Automatic Business Plan Creation: The answers to these AI-generated questions play a crucial role in forming the backbone of your business plan.
  
  AI Assistant uses your responses to automatically generate a comprehensive business plan, ensuring that the final document is tailored to your business's specific needs and goals.

8

In the final phase of setting up your workspace, inviting team members is streamlined through their email IDs.

This efficient process ensures that each member is directly notified and can join the workspace effortlessly, enabling a seamless transition into collaborative planning.

Once your Workspace is set up, Move on to writing your Business Plan, Click here to start writing your Business Plan