Foundations of a Startup: #BusinessPlan
Peter Berndt de Souza Mello
Consultant in Forensic Analysis @Systech International | Project Portfolio Management | PMO | Risk Management | Project Control | Hybrid/Agile Frameworks
Original Portuguese Content at https://innovati.one/blog/2-plano-de-negocios-solido-transformando-sonhos-em-realidade/
A path to innovation through 22 themes. Part 2/22
2. Solid Business Plan: Turning Dreams Into Reality
Hey entrepreneur! Today we're going to talk about something fundamental in the business world: the Solid Business Plan. As Greg S. Reid said, a dream about a date becomes a goal, and a well-planned goal is the first step to success!
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Why is a Solid Business Plan So Important?
A business plan is like a treasure map. It guides every step of your entrepreneurial journey, preventing you from getting lost along the way. Without it, even the brightest idea can get lost in the sea of challenges in the business world.
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How to Create a Killer Plan?
Creating a business plan doesn't have to be a big deal. Here are some tips to get you started:
- Define Your Goal: What is the dream? Put a date on it and turn it into a concrete goal.
- Break it down into Steps: Break down your goal into smaller steps. This makes everything more manageable and less daunting.
- Research the Market: Understand your customers, competitors, and the market. This is crucial for a well-rounded plan.
- Financial Plan: Calculate costs, forecast income and expenses. Money is the lifeblood of your business.
- Practical Actions: Each step of your plan should have clear and actionable actions.
- Flexibility: Be ready to adapt your plan as circumstances change.
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A real-life example
Think Airbnb. They started with a simple idea of renting inflatable mattresses in their living room. With a well-structured business plan, they turned this idea into a global hosting giant.
Your Plan, Your Future
Remember, a business plan is not just a formal document. It's the representation of your dream in action. It's what turns 'I think I can' into 'I know I can'. So, take your dream, put a date on it, break it down into steps, and start taking action. The future is all yours!
So, are you ready to turn your dreams into reality? With a solid business plan, you're already on the right track.
Until next time, keep changing the game!
Previous Article (01/22)
1.? Innovative Idea: The idea behind your startup should be unique and solve a real problem. This will help make your startup stand out in the competitive market.
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Professor für Betriebswirtschaftslehre / Entrepreneurship - "Systemisch denken, handeln und lernen"
1 å¹´This is really a very good description. I really enjoyed reading it. The business plan is sometimes viewed very critically in the innovation and start-up context. However, I consider it to be an important instrument that must be adapted to the type and scope of the respective situation. I have published my position on these topics in a recent essay. The full text can be found at https://www.researchgate.net/publication/377286609_Don't_Burn_the_Business_Plan_The_Role_of_Business_Plans_for_Start-Ups_from_a_Systemic-Evolutionary_Perspective In my LinkedIn post, I comment on the background to this view: https://www.dhirubhai.net/feed/update/urn:li:activity:7156320522341916673/