Many small business owners and entrepreneurs have taken the first footsteps in their journey without a business plan and have since seen no reason to take the time to construct one. A business plan is a living, breathing and organic document – open to growth, revision and correction.
If you haven’t taken the time to construct a business plan, hopefully this article will convince you to do so…
Informative and interesting short talk by entrepreneur Jerry Kaplan. He discusses what he feels are the five biggest mistakes that entrepreneurs make from time to time. Personable, and intriguing he talks about equity, goals, ego and resource management.
A must watch for all of us going forward.
Most businesses often start as an idea and most ideas often come from a vision.
What is your vision of your business? In one, two, five, ten years, where do you see yourself being? Your business being? What is the next step in achieving this vision?
Moving business forward after it stagnates or seemingly plateaus is a challenge that any entrepreneurs and business owners will face.
‘I Have A Dream’
So you want to transform your business? But into what? Exactly. You need to affirm your vision. Your vision, no matter how ridiculous it seems is pure, don’t trouble the dream with reality at this point. Just note down what that dream is. Ikea started off with two guys.. building furniture.. in a shed.
Was having a chat with a friend the other day and when they asked me how I liked running my own business – I spouted out all the great things about doing what I do. Then I walked away and realised I had probably painted an undue rosey picture about the whole thing. Running your own business has its advantages and its disadvantages.
Business / times and situations have been hard over the past 18months with many forced to cut-back heavily or worse into administration, closure or bankruptcy. Today, the BBC reported that the UK economy was out of the recession:<
The UK economy has come out of recession, after figures showed it had grown by a weaker-than-expected 0.1% in the last three months of 2009.BBC
Despite recovery signs such as an unemployment fall for the first time in 18months, many are still very tentative about the so called announced ‘recovery’ . At a nice 0.1% of growth it is hardly riveting or re-assuring news. The report was prompted by an ONS announcement today broadcast on Sky News that the UK had emerged from its recession.
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