Well peeps!!!! You know I am back with
other blog post and at this rate I might consider becoming a professional
blogger…….Sike!!!! Blogging is not my style, but this month blog post is on
Business Plan Experts. I never knew they had such a profession, but I should
have known there is such a thing. You can turn anything into a professional gig
in this world. Now let us get down to blogging. First up is Steve Gedeon or Dr.
Gedeon.
Steve Gedeon is an entrepreneurship
educator at Ryerson
University with over 100 articles publishes,
reports and patents. Steve has also won the President’s Award of Teaching
Excellence. In this 2011 video on YouTube, Steve Gedeon puts emphasis on these key points that investors look for
in a business plan. The Executive Summary, Management Team, stating that most
investors will take the “A” team with a “B” plan over the “B” team with an “A”
plan. Follow by the Overall Business Idea and last but not least, the never
forgotten part, the grand finale……the Financials. These points determine the
strength of a business plan and possibly the success rate. I will take all of
the points mention into consideration when I write my business plan. They are
all equally important and cannot be over looked; a professional spoke them on.
Next up is Chuck Blakeman.
Chuck Blakeman is an author, speaker, and founder of the
Crankset Group. He has been featured and quoted in Entrepreneur Magazine and CNNMoney.com.
He speaks yearly with over 100+ workshops around the world. Chuck believes
business plans are a thing of the past. He writes, “Why Business Plans Are a
Business Disease” on his website. Chuck feels business plans are killing
businesses. “The industrial era is over and that pre-planning mindset that came
with it is stopping us from being creative,” as stated by Chuck. I know first hand that when I am doing a lot
of pre-planning for something like a road-trip, a lot of times the trip is not
fun; because I spent a lot of time planning for something to go wrong. Massive
pre-planning like you see in three to five year business plans is a business
disease as said by Chuck. Just plan as you move forward. Something’s that Chuck
mentions as profitable points to help when talking to investors are how fast
can you make money, what is the lifetime goals and your business maturity date.
These key considerations are self-explanatory. The lifetime goals will be the
one I will focus on, it speaks on keeping my business in business over time.
You have to plan for the future but live in the moment.
