Tagged: business plan
January 9, 2019 at 3:47 pm #2389
January 9, 2019 at 4:51 pm #2393
It depends on what you want it for! Is this for you, the bank, Wall Street, a jv partner or something else? Lots of experience all sides of the table and different industries US and Europe ready for harvesting as needed!
January 9, 2019 at 5:28 pm #2397
As Anthony said, Kristin, it depends on the audience.
If it’s just for you, then it’s a lot more straightforward than if you’re doing it for others, especially where venture capital is involved.
For you, I suggest that you think about it in terms of categories. Start with that. (We can talk about this, too, if you wish.)
The two primary categories that come to mind are Products and Marketing. Open up a couple of new files, and just list in a bullet point fashion everything that you can think of about those two things. Add to both whenever you think of something new. In a week or two or three, when you’ve had a chance to create these lists, then we can revisit this.
Every business plan is unique.
Hope this helps. 🙂
January 9, 2019 at 5:29 pm #2398
An effective business plan is exactly like a road map you would use when heading for a destination that is a long distance away.
If a business is incorporated or even a limited liability company, it is considered by the government to be an individual.
Combining these two ideas, start typing a paragraph or two of 1) where you want the business to end up when it is a functioning entity, and 2) what do you want your business to look like.
If you draw a blank on this, try doing it as an exercise for someone else at first. You have all the answers inside you… just start typing and set them free.
When you finish–there are many free business plan templates online; however, I would caution you not to get rigid with any of them. They are just a suggested structures–not set in concrete–especially starting out. Hope this helps! Sincerely, ShariLee
January 9, 2019 at 7:21 pm #2416
Here’s an approach I take: The Four P’s.
People- Who am I going to help?
Product- What am I offering them?
Process- How will I find them, how will I offer the product to them, and how will I deliver it?
Purpose- Why am I doing it and why do they need or want it?
I’m asking it from an individual entrepreneur’s perspective, but you can change it to “we” for partnerships or companies.
January 9, 2019 at 7:30 pm #2417
I love this, Michael. What a straightforward way to approach this topic and also a coaching plan as well. Thank you, ShariLee Beynon
January 9, 2019 at 8:25 pm #2422
If this is for you and a small coaching venture then a good, and often sufficient, source of help is the small business administration website http://www.sba.gov.
If its for funding a higher growth company then lets know what you are aiming to do to avoid the VCs – vulture capitalists. Having done this for many companies in high-tech, I’d say you need to know how to “cross the gap” and outplay the vultures effectively.
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