My Business Network

Wednesday, October 24, 2012

Inception




           Whenever you do something, you need to have a plan. In most cases this is true, but when it comes to business, not having a plan can mean not having a business. We all know that businesses are designed to make money. Even if businesses do not see a gigantic return on startup, most proprietors are content with seeing a steady return that can grow to be substantial in their businesses lifecycle. Making money in an instant is one thing, but with the ever-changing world of sales, it is important to know that a business must be able to withstand typical challenges. These challenges can vary from having a unique product, to litigation, to industry health, to financial, etc. For these reasons and many more, it is imperative to consider these potential opportunities and threats in the planning stages of a business.
            Luckily, throughout the business world there are a variety of professional consultants who have made a career out of writing and reviewing business plans. Information and thoughts of a few of these professional can be found at bpexpertviews.blogspot.com. There, views on business plan development are the topic of discussion and of the many professionals there, two had views that I either agree with or have idea I plan to incorporate into my business plans. “Implement now, perfect as you go” (Blakeman, 2011). This saying is by Chuck Blakeman and summarizes his short entry on business plan development. “If you can't summarize your business model in 10 slides, you don't know what the hell you are doing” (Gieger, n.d.). This saying is the second of the two I feel represents my view on business plan development. Both views are simple and make sense.
            Although it is likely that a major corporation will have extremely intricate details that concoct their business plan, overall it is wise to be concise when presenting this material in a timely fashion to recipients who lack the industrial jargon to remain enthusiastic about her business plan. What do you think? 

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