Starting a business can be a headache if
things are not done properly. One of the key steps is creating a business plan.
This plan will help guide a successful company. The plan can be used to present
to potential investors and banks letting them see that your company can prosper
in this declining economy. When writing this plan, it is important to research
others who were successful and pull some tips they used to benefit your
business plan.
Here are two individuals that I’ve read on
and found very interesting. Hopefully, some useful information is gained to
benefit your business ventures!
Guy Kawasaki:
Guy was born in Honolulu, Hawaii and studied
at Iolani School, Stanford, and obtained a MBA from UCLA. His work experience
includes evangelizing hardware and software for Apple Inc., writing for Forbes, and many entrepreneurial
ventures. Currently he is the co-founder of AllTop and partner of Garage.com.
He operates an American Express Open Forum
Blog, where he shares excerpts from his many books and also insight on how to
write a business plan. Guy states that the most important part of the plan is
the Executive Summary. His explanation is that it is the first thing a reader
sees. It should capture them to read further and gain interest in your ideas. I
must say, this is a good read! Click here to read the entire blog. Also, Guy
lists 10 sections that are key:
1. Contact Information
2.
Executive Summary
3.
Description of the problem your
solving
4.
Description of how you solve it
5.
Underlying magic
6.
Marketing and Sales Strategy
7.Competitive
Analysis
8.
Financial Projections
9.
Team
10. Status/Timeline
Simone
Brummelhuis
With
a background in international law and publishing, Simome Brummelhuis is the CEO
of the first women’s internet business magazine. Entitled The Next Women Business Magazine, issues are in the UK and
Netherlands. Being a speaker through Women Inc., Simone was nominated for the
Media Woman of the Year 2010. She also helps judge business competitions and
awards.
She
has a blog post entitled, “Working as a Remote Entrepreneur.” She speaks on how
the economy has made it hard to start a business in a new working office. She
suggests that new businesses start in a home office. This saves office space
rent, commuting costs, and other fees. She also mentions how important it is to
separate your home space from your workspace. This will enable you to keep
focused while working. Who wants to have a conference call and hear the laundry
machine at the same time? (LOL) But by creating an office space, others in your
home will know that business is being done.
I
really enjoyed both entrepreneur’s stories and hope you find articles to help
your business plans!
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Starting an independent artist consulting
firm requires key connections within the music and entertainment industry.
Because my company is new, selling my company’s services and myself is what
will help prosper the business. In writing my business plan, it is important to
highlight the potential success my company will have. In the previous blog, Guy
Kawasaki states that the most important part of a business plan is the
executive summary. This portion of business plan is what hooks the reader,
investor, or loan officer to continue to read the entire plan. The executive
summary for my plan will express the problems independent artists face while
trying to break into the music industry. 
