What appeals to me...

Things that appeal to me as a entrepreur is that everyday in your business is a new challenge, wheither it be smalll or large. Each day is a learning experience for your business. Taking one step at a time and dealing with any issues good or bad will accually help you and make your business a sucess. Another factor that I never really would have thought about is using your business plan as a guide for when you are stuck, after hearing about your plan being your guide it made so much sense, I probably would have just put it on the shelf and not looked at it. When the day arrives that i do have my own business, I will keep a spot open next to my everday things for my business plan and not put it on the shelf or box it away.

Teaching business plans

I sat down with my co-worker Melissa who is accually in the process of doing her business plan. She is currently working with a person who does business plans for people wanting to open a new business. I explained a few things that I have learned from this course and the two things I stressed to Melissa about her business plan is to have her executive summary and her exit strategy. Even though she has hired someone to do her business plan, she is looking forward to seeing that she has those two things included in her plan, especially after paying someone to do her plan. She has told me that she will take the information that I have provided about a business plan and put forth into her business plan and to use it as she goes further into her business. So I am glad that I can help someone with anything that I have learned.

Business Plans

Well I had to leave early from our class when there was a guest speaker due to parent teacher meetings I had scheduled. I had asked some of my classmates about how the guest speaker was and they had explained a few things that she had talked about. We had already been working on our business plan presentation so I was curious to what else there could be. From my point of view, it takes alot to do up a business plan, you have to be dedicated to your idea because just doing the plan can get discouraging. It takes alot of editing your plan, going over things constently and also I thing I had learned from my classmates when asked about the guest speaker is the Executive summary. That is one thing I had not known before that was very important to have included with your plan.Also what should be included in your plan is the exit strategy,it would accually benefit in the decision making with the investor's or lender's involved. In all a bussiness plan is something that requires alot of work and editing, going over things and sometimes frustrating, but if your plan is a good one then it would all be worth it at the end!