I have made some serious decisions and changes based on research and the advice or information gathered from the experts in the business plan formation. From Charlie, finding the needs and problems in a particular industry are sure-fire ways to be able to successfully integrate a well-written business plan into a prosperous company. Solely having a business plan is a firm step in the right direction for any company. Regarding changes I have made based on his input, I have considered more of what the clients and customers will need and also what they will be wanting to avoid more than what will be most beneficial to my company, as they prove our success rather than any specific way to maneuver the company through the creation process. Aside from creating a business plan, which will foresee any problems and avoid major changes, Wallace encourages managing change. This comes from being open-minded and ready to undertake daunting tasks at time. Although it may mean taking a few steps backward, we all learn from our mistakes and attempt to learn from past experiences to make up for any backtracking that may have occurred.
I think that the investor reading my business plan will find the Organization, Technology, Budget spreadsheet, and the basic business concepts to be the most informational and important. While getting acquainted with a new company, the people running things are sometimes what can bring the company down. Anyone who is apt to be closed-minded and unwilling to change will definitely deter investors, especially if they offer any sound advice or will only be willing to invest if certain changes or compromises would be made. Otherwise, the technology, budget, and basic concept are the skeletal explanations to how the company would be run on the investors money and are the more important pieces that the investor would care to know about the potential company.
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