In three years? For now, you just want to give people an idea of how the ownership will be divided. Strategic allies usually come to you for something specific technology, distribution, complementary customer sets, etc. Passive assets can include owning stock in growing and successful public or private companies.
Have recruiting business cards made
They
get whittled away,
the terms get changed, and, sometimes, the whole negotiation breaks down under the force of an ultimatum from one of the parties involved. Yes,
this thought is
even scarier when you ve put yourself and your uniqueness out there in a vulnerable way. Make
your cost estimate
more than a 'guesstimate.' Make each estimate an exact prediction of what it will take to produce every product, perform every service, or sell every product you offer. An
essential part of
this is getting to know more about existing and prospective vendors and clients.
Background information on Design
It
s also important
to maintain your credibility because you will probably need additional funding as your company grows. When
you tell your
kids to clean up their room, they decide if they'll do it based on the needs, consequences, accountabilities, and responsibilities that affect their decisions. What
you want
to do you are called to do, and what you are called to do you can do. Management
is its own
area of expertise, distinct in many ways from the activity being managed.
Sales on a shoestring
Business
ideas that no
one has ever thought of are rare. Owners
of buildings must
have their elevators inspected regularly and, in some cities, post the safety inspection record in public. If
your marketing program
has done an effective job, your customers will know you can supply what they want. Then,
briefly describe your
ideal candidate.
Accounts payable and receivable aging
A
recent business plan
for a chain of coffee shops, for example, included photos of the proposed location, mock-ups of menus, and maps of the competition s locations. Your
marketing program must
include materials, reasons, and requests for customers to call now. Retailing
is the general
category that most people are familiar with because the typical American deals with at least one retailer every day. No
doubt you will
look to choose a name that is attractive and that bears some real resemblance to your product or service, but that is only a first consideration.
Develop a list of competitors by checking with industry groups
All
that information flowing
up to senior managers in the form of plans helps keep the brass informed. Now
that you ve
thought about your goals, focused on your financing, and determined the purpose of your plan (and considered to whom you will send it), you ll want to take a practical approach and consider some of the software tools of the trade. Through
your vision, you
should express your ideals and what you wish to accomplish on a larger scale than just within your organization. That
was the secret
of his success.