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Bill Brasky started small when he decided to start his own business.
You see, Bill wanted to open up a donut shop. Yep, just a regular old donut shop.
It turns out, though, that Bill had much bigger plans.
Although he started small, it didn’t take long for Bill to quickly begin making a name for himself. In fact, it didn’t take long at all.
Well, Bill wasn’t afraid to take chances when he first got started. He understood that in order to grow his business into what he wanted it to become, it was going to take hard work, confidence and the drive to not quit.
After about a month of being in business, Bill immediately began to go after and develop a business presence on the Internet, and it was one of the best moves he ever made. After a few weeks, he began to notice he was quickly moving up in search rankings. His phone also started to ring off the hook.
Today Bill goes to great lengths to maintain a top-notch business presence for his donut shop online. While he started small, his hard work ethic and desire to succeed has led his donut shop to become one of the largest in the country. And it all started with a little modest business plan and a very strong work ethic.
Bill’s Donut Shop continues to grow at a huge rate. To this day, Bill attributes his success to having a great business plan in place. Through having a quality plan, he was able to attack his goals without fear of failure. After all, he had taken such possibilities into account in his business plan.
During the earliest stages of starting a business, you should avoid writing lengthy plans. Instead of following lengthy traditional business plan, opt for a realistic, practical tool: a one-paragraph startup plan. It is possible to write everything there is to know about your brilliant business idea in one paragraph. A traditional business planning teaches ‘brainstorm-write-brainstorm-write-revise-revise-execute’; the goal of one-paragraph plan is to have you ‘brainstorm-write-execute-revise-execute’. There are fundamental differences between these two approaches. The traditional route would have you finalize your entire strategy based on a hypothesis without testing or validation. The one-paragraph startup plan is designed to test your hypothesis through daily experimentation. It also serves as a fluid action strategy that grows along with your startup.
Scott Gerber suggests using following five steps to write a practical business plan to launch a new company quickly.
- Answer key questions about your business.
- Write checklist
- Execute your plan
- Revise your draft plan, and
- Continue to update your plan
Break each sentence in your start-up plan into five immediately executable steps — statements you can convert into reality. Each step should move your business forward in some way.
To know more about writing effective one-paragraph business start-up plan, read the article; visit: http://www.entrepreneur.com/article/217696
Getting investments is a very tough and time-consuming process, which may be news for entrepreneurs. Prominent small business advisers suggest thatentrepreneurs need to remain patient and keep their proposals simple in order to get the funding they want. This is an important step in attracting potential investors. Its a good idea to keep some members of the team away from the fund raising aspect so that they can focus their attentions onproductdevelopment. Investment seekers are advised to keep their pitches less than 25 minutes and go to venture forums to work on their presentation skills.
Get some useful hints to get small business investments. Visit http://www.gaebler.com/News/Small-Business-Finance/Patience-and-simplicity-key-to-getting-small-business-investments-19820476.htm