My Business Network

Friday, November 30, 2012

Tech Support


Preparation is key when it comes to the development of a business plan. Beyond professional development assistance, it is important to ensure all aspects of your business plan are well conceived and all angles are covered. Nondisclosure agreements, waivers, intellectual property concerns are other factors to consider, but in the end a proprietor must still have financial competency to get his or her business off the ground. With that comes a number of factors, a proprietor must think about as well. It is important to note that revenues generated through sales and so on are not just up for the taking. Shareholders, stakeholders, and lenders take presidents over a company's chance of future growth. It is common business practice to ensure that these establishments and personnel receive a return that satisfies the confidence instilled into your company through financial support.
Luckily, there are a number of establishments that will also assist with the financial support of small businesses or new establishments that may not have an equal opportunity to acquire the necessary funds to begin their venture. At eda.gov we find that it is there mission to assist with the development and promotion of innovation and competitiveness that increases growth and the success of the economy worldwide. Establishments like these are healthy for economy because they increase the overall job opportunities, which in turn creates growth throughout the country. At opportunityfinance.net we also find multiple opportunities to attain financial support. This is done by choosing a community developed financial institution. This institution will support disadvantaged entrepreneurs with low income. The OFN has been supporting ventures since 2009. This is a good thing for establishments hoping that the OFN have yet to run out of money for them. Their mission is to continue this venture until 2025.It is my intent to investigate further opportunities that will allow our establishment to attain the same chance to grow. What do you think?

Saturday, November 17, 2012

Perfection


We have already found out that not haven’t a plan means planning to fail. This is especially the case when it comes to business plan development. In the world of business, planning to succeed means considering a number of factors and professionals throughout your industry. Factors may include a wide range of components that make up your businesses operation. Examples of these factors are financial, competition, market share, etc. Business Plan Consultants are a form of industry professional dedicated to strengthening the development of a solid business that can survive as a functioning unit. In turn, the professional industry personnel are there to guide you in manipulating your businesses determining factor.
Last entry indicated that a few of these consultants and their views mentioned at bpexpertviews.blogspot.com were concurrent and selected as the most logical, based on our company’s workflow, corporate culture, and values. “Implement now, perfect as you go” (Blakeman, 2011). This concept and quote is by Chuck Blakeman, suggesting that you not solidify your business plan. The other concept that suggests, “If you can't summarize your business model in 10 slides, you don't know what the hell you are doing” (Gieger, n.d.).  Keeping it simple is important, especially when it comes to explaining your business plan to a potential investor form a different industry.
Both concepts allow for minimal complexity and at the same time allow for a concise understanding of the businesses objectives. These objectives remain subject to change, as a fluent business plan would suggest. Manageability is a top priority when it comes to people and logistics. It would defiantly be wise to consider incorporating these methods into the executive summary portion of your business plan. This will help ensure that your business plan stays current. This will also help save time. With that is important to keep a broad perspective as well as an intricate to design. What do you think?

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