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Answer Upon - Great Idea! Now What? The Entrepreneur's Challenge
9/11, 2001 has hit a whole lot of business. But the most badly hit was air industry. US airlines were virtually on the ground for most of time rather than in the sky. As old adage says. Planes are safer at the ground. But they are built to fly and that where they should be all the time. Almost whole aircraft industry was badly hit by being grounded. Million of jobs evaporated and billion of dollar went under drain. All these were due to not doing anything.Peter Drucker, in his book ‘Managing for result’ defines the cost point in the whole supply chain.1. Productivity cost 2. Support cost 3. Policing 4. Waste or Idle time.Drucker accept that to some point all three cost centre productivity cost, support cost, policing cost are imperative to any business. It takes massive
Your Executive Summary is just that, a summation of your business plan. In 4-6 pages - no more - you lay out the overall grand plan. While you have to give the reasons for why this will work, or is working, the details are left to the business plan.
Your Phone Number
I know it may sound silly to tell you, but the cell phone contact of the key principal must be on the top of that first page. (I received one today which didn't have any name or
Often times in our pursuit of home based business success, we tend to overlook people that make a difference in building that business. People that consistently quietly work in the background. People that take no credit, only just are constantly updating, improving and streamlining systems that empower and allow us to have more success on the internet. Without these people striving for programming perfection, there would be no internet, no home based businesses and no success. The reason for this article is for one of those special people. Mr. Mike Darling, President and Co-Founder of the powerful Veretekk system is the person who takes care of all the programming nightmares that none of us know about. He is constantly, and I am talking about 18-20 hour days, is providing people like myself with the ability
So what?
Yes, dear reader, I said “So what?”
I’m not trying to bring you down. But you’ve probably heard the old saying that “great ideas are a dime a dozen.” Unfortunately, that’s all too true. Great ideas are merely a beginning, especially where business is concerned. If you can’t deliver on the promise of that idea, you’ve gone nowhere. It was merely a daydream. So now the serious work begins.
The Company Leader’s Business Plan
The first step to be confronted by any company leader is the business plan. What is it you want to accomplish? How will you go about it? Who will you need for help? Where will you do it? How much money will be needed? How long will it take? All these questions, and many others, have to be organized and answered. Further, if you want to get funded, you’re going to need a written business plan. Without it, as I’ve said elsewhere, you’re simply not ready for prime time. Without that plan, no one in business is going to be prepared to seriously consider your “great idea.”
What IS a Business Plan?
Simply put, it’s your road map, both the general and specific roads you’re planning on taking to get to your Golden City. Is it set in stone, rigidly fixed? Hardly. It should be flexible, ready to alter to meet changing conditions. Oddly, most entrepreneurs simply use it to raise capital, then forget all about it. It should be used for the life of the company, being updated at regular intervals. Further, it should be readily available to any of your key employees so that they can see what company intentions are at all times. In this way, they can contribute efforts and ideas which no one had thought of.
It would also make sense to have a web site version available by invitation to your investors. There’s nothing which makes investors more comfortable than being thought of as part of the family. They should not have to wait until the annual meeting to find out what’s going on. They, too, may make valuable contributions since many investors are or were in business and will understand what you’re trying to accomplish.
Your Executive Summary
This is possibly the most important document you can prepare. Why? This is the first thing your potential investor will see. And, if you don’t grab his attention on that first page, it’s quite unlikely he’ll read further. The current statistic states that only one in ten thousand business plans is ever funded. Kind of a stunning statistic, but understandable in the wake of the dot com debacle, still fresh in the memories of venture capitalists and angel investors.
Your Executive Summary is just that, a summation of your business plan. In 4-6 pages - no more - you lay out the overall grand plan. While you have to give the reasons for why this will work, or is working, the details are left to the business plan.
Your Phone Number
I know it may sound silly to tell you, but the cell phone contact of the key principal must be on the top of that first page. (I received one today which didn't have any name or
Nicholas Feldman owns Dare To Dream Attendant Services in San Francisco, California where he lives with his fianc? and his companion dog Elliot. Nick has cerebral palsy and drives a powered wheelchair with his chin. Nick also has twenty-four hour attendant care.About a year ago, I started my own business doing homecare in San Francisco. I had decided to do this after working in the nonprofit sector for over nine years and seeing an ever-growing need for homecare.Starting a business is a very time-consuming process. You must spend hours researching the market and then target the audience that you want to serve. You must market your business, which really means marketing yourself because you get up everyday and you realize that you are your own boss. The business plan is the most important docum
The Company Leader’s Business Plan
The first step to be confronted by any company leader is the business plan. What is it you want to accomplish? How will you go about it? Who will you need for help? Where will you do it? How much money will be needed? How long will it take? All these questions, and many others, have to be organized and answered. Further, if you want to get funded, you’re going to need a written business plan. Without it, as I’ve said elsewhere, you’re simply not ready for prime time. Without that plan, no one in business is going to be prepared to seriously consider your “great idea.”
What IS a Business Plan?
Simply put, it’s your road map, both the general and specific roads you’re planning on taking to get to your Golden City. Is it set in stone, rigidly fixed? Hardly. It should be flexible, ready to alter to meet changing conditions. Oddly, most entrepreneurs simply use it to raise capital, then forget all about it. It should be used for the life of the company, being updated at regular intervals. Further, it should be readily available to any of your key employees so that they can see what company intentions are at all times. In this way, they can contribute efforts and ideas which no one had thought of.
It would also make sense to have a web site version available by invitation to your investors. There’s nothing which makes investors more comfortable than being thought of as part of the family. They should not have to wait until the annual meeting to find out what’s going on. They, too, may make valuable contributions since many investors are or were in business and will understand what you’re trying to accomplish.
Your Executive Summary
This is possibly the most important document you can prepare. Why? This is the first thing your potential investor will see. And, if you don’t grab his attention on that first page, it’s quite unlikely he’ll read further. The current statistic states that only one in ten thousand business plans is ever funded. Kind of a stunning statistic, but understandable in the wake of the dot com debacle, still fresh in the memories of venture capitalists and angel investors.
Your Executive Summary is just that, a summation of your business plan. In 4-6 pages - no more - you lay out the overall grand plan. While you have to give the reasons for why this will work, or is working, the details are left to the business plan.
Your Phone Number
I know it may sound silly to tell you, but the cell phone contact of the key principal must be on the top of that first page. (I received one today which didn't have any name or
So often in the cleaning business chemicals are not stored properly and neither are the empty containers which conveniently leak, mix with rain water and tip over and soak into the ground surrounding the building and seep into the ground water causing environmental issues; you know like three legged frogs and such. Now mind you I am not an environmentalist, but I do know a thing or two about environmental pollution and lots about the cleaning industry and business, especially on the service sector side of things.You see for years I ran a mobile pressure washing business, which we built up and franchised into 23 states. One thing I would always do is scout out the competition to see if they posed a threat to our franchisees and our forward progress in the market place. I would often visit their facili
What IS a Business Plan?
Simply put, it’s your road map, both the general and specific roads you’re planning on taking to get to your Golden City. Is it set in stone, rigidly fixed? Hardly. It should be flexible, ready to alter to meet changing conditions. Oddly, most entrepreneurs simply use it to raise capital, then forget all about it. It should be used for the life of the company, being updated at regular intervals. Further, it should be readily available to any of your key employees so that they can see what company intentions are at all times. In this way, they can contribute efforts and ideas which no one had thought of.
It would also make sense to have a web site version available by invitation to your investors. There’s nothing which makes investors more comfortable than being thought of as part of the family. They should not have to wait until the annual meeting to find out what’s going on. They, too, may make valuable contributions since many investors are or were in business and will understand what you’re trying to accomplish.
Your Executive Summary
This is possibly the most important document you can prepare. Why? This is the first thing your potential investor will see. And, if you don’t grab his attention on that first page, it’s quite unlikely he’ll read further. The current statistic states that only one in ten thousand business plans is ever funded. Kind of a stunning statistic, but understandable in the wake of the dot com debacle, still fresh in the memories of venture capitalists and angel investors.
Your Executive Summary is just that, a summation of your business plan. In 4-6 pages - no more - you lay out the overall grand plan. While you have to give the reasons for why this will work, or is working, the details are left to the business plan.
Your Phone Number
I know it may sound silly to tell you, but the cell phone contact of the key principal must be on the top of that first page. (I received one today which didn't have any name or
Finding The Right FranchiseWhether it’s hamburgers, pizza, telecom, coffee, Internet, muffler parts, or seniors’ services, there are Franchise opportunities available to evaluate. There are great Franchise systems, good Franchise systems, and bad Franchise systems. The challenge is to ask the right questions to find the right system that will fit your goals and dreams. The key is to ask the questions – and listen closely to the responses. Only then can you determine if the Franchise opportunity is the right fit for you. So whether it’s food services like burgers or coffee, professional services like telecom or IT, or manual services like cleaning or oil changes, ask the questions and record the answers.What Exit Strategies Are Available?There are many factors that should come into your
It would also make sense to have a web site version available by invitation to your investors. There’s nothing which makes investors more comfortable than being thought of as part of the family. They should not have to wait until the annual meeting to find out what’s going on. They, too, may make valuable contributions since many investors are or were in business and will understand what you’re trying to accomplish.
Your Executive Summary
This is possibly the most important document you can prepare. Why? This is the first thing your potential investor will see. And, if you don’t grab his attention on that first page, it’s quite unlikely he’ll read further. The current statistic states that only one in ten thousand business plans is ever funded. Kind of a stunning statistic, but understandable in the wake of the dot com debacle, still fresh in the memories of venture capitalists and angel investors.
Your Executive Summary is just that, a summation of your business plan. In 4-6 pages - no more - you lay out the overall grand plan. While you have to give the reasons for why this will work, or is working, the details are left to the business plan.
Your Phone Number
I know it may sound silly to tell you, but the cell phone contact of the key principal must be on the top of that first page. (I received one today which didn't have any name or
Modular office buildings are a practical, modern way to maximize space and delineate limits and boundaries in any work environment. In fact, this has become a prevalent design in millions of office buildings around the world. It is a popular choice for interior offices, clean rooms, manufacturing rooms and is widely used for industrial wall systems. A modular office is sleek with clean lines and works best especially for companies with numerous employees.If you want the modular office look for your building, here are a few tips that could help you:What they areModular office furniture are also known as cubicles and may be purchased piece by piece. They have interlocking devices and may be expanded depending on need. Modulars are a great choice if you
Your Executive Summary is just that, a summation of your business plan. In 4-6 pages - no more - you lay out the overall grand plan. While you have to give the reasons for why this will work, or is working, the details are left to the business plan.
Your Phone Number
I know it may sound silly to tell you, but the cell phone contact of the key principal must be on the top of that first page. (I received one today which didn't have any name or contact number anywhere in the document!) If the investor feels he wants more information or, lucky you, that he wants to meet with you personally, he should not have to scramble through pages to find out where to get to you.
How Much Do You Want?
No more than than at the end of the second paragraph, you must state how much money you are seeking. This is critically important. I have seen summaries where the amount being sought was on the very last page! If the investor only invests in projects over $10 million, why waste his time - and possibly gain his enmity - with a project which only needs $5 million? And an investor who risks only $1 million or less at a time will also become annoyed. “So what?” you might ask. The answer is that you just might have to approach that same investor again for a different amount. Wherever possible, leave a good taste in people’s mouths.
What To Avoid
This one is easy: Hype! Your Executive Summary is not a customer sales piece. You need facts, some excitement, reasons why your project will work. But if the investor senses that you’re doing a sales or marketing job on him, he’ll just put the plan on his “return” pile and reach for the next one. So go easy on the superlatives.
Who Will Do It?
This can be a real sticking point. Writing, like film reviewing, is something that everyone believes they know how to do. The truth is, not a lot of folks know how to put words together well. I’ve had business plans and executive summaries submitted to me which were actually embarrassing to read. Bad English, poor sentence structure, incorrect usage of words...and many other things which showed me the wrong person had put the package together. You’ve got to be brutally honest with yourself. If writing is a long way from your strong point, get someone else to do it. And don’t for a moment believe that some software program will give you a powerful presentation. That’s what everyone else is using, too. Plans developed from such software tend to be canned and flat. Not exactly what you want to present.
At the very least, spend some money to have a professional edit your work, make suggestions and, if necessary rewrite the piece. If you’re looking for millions and saving a few thousand by doing a poor writing job, you’ve wasted all the time and effort you’ve spent...and your “great idea” won’t get funded.
Yes, We’ll Help
We are experienced writers of both business plans and, especially, executive summaries. We won’t charge you an arm and a leg for consulting on your executive summary. If your business plan needs work, we’ll quote you a price. Contact us and ask. Additionally, if you can qualify for their program, we represent an excellent source of equit
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