Good advice, Good application, Good success

Getting the advice of good, successful business plan writers is easy to acquire with research. Applying the knowledge of their advice is what will help most business plans have good success.

Introduction

We begin with Dr. Steve Gedeon; he is the Director of the Ryerson Entrepreneur Institute. Following we have, Dave Lavinsky, the co-founder of Growthink. Last, but not least, Mark Cuban, owner of the NBA’s Dallas Mavericks. Let’s understand why the good advice of these three men is vital, in writing a business plan, which will have good success.

Dr. Steve Gedeon - Numbers

Numbers & Product Fit

Dr. Gedeon’s discussion on financial projection, the numbers, is a reality check. He says, to avoid big numbers when writing your business plan Numbers & Product Fit. Dr. Gedeon clarifies that financial projections are important, and investors want to see them. In essence, Steve says, “fit your product, at your price point” Numbers & Product Fit. 

If your product cannot find its place within the market, your numbers will not get the investors numbers, in dollar amount. This strategy of placing the numbers according to your products demand for your market is a holistic approach to the business plan, and getting good success.

Dave Lavinsky - Risk Mitigating Milestones

Reduce Risk

Dave Lavinsky authored, “Start at the End”, runs Growthink University and is a recognized business writer internationally Start at the End. Dave puts the risk factors on the table; he calls them, “Risk Mitigating Milestones” Reduce Risk.

Risk mitigating milestones are events that help your company reduce risk and draw investors Reduce Risk. What Dave wants to share is simple; have your product generating money buy selling it. An indication that customers want your product also indicate to investors that their invest is not a bad risk Reduce Risk.

Showing sales receipts are a statement of interest from others that someone is willing to put their money into your product. With such a statement of show, the likelihood of your investors’ money will follow that lead; that leads to good success.

Mark Cuban - Startup Rules

Startup Rules

Mark Cuban, owner of the NBA’s Dallas Mavericks, and invest in several technology companies (LinguaSys 5/8/2013) LinguaSys. Mark knows investment; his accolades precede him in the field M C Investments.

Things to put in your vocabulary from the Mark Cuban playbook are, startup rules for startup businesses. Here is a paraphrase of what Mark Cuban says, “If you do not have an obsession for your company, do not start it, because you do not love it ” Startup Rules. Mark Cuban and Tony Hsieh have similar mindsets of the working culture, having people that love to work for you, and will work for you is commonality in these two men Zappo Culture / Startup Rules.

Conclusion

What Lavinsky, Cuban and Gedeon expressed, is clear and expert advice for a good business plan. Each person emphasized strong points for a business plan that will see to employees having a happy working environment. The startup should love the business or do not start the business. Lastly make money from selling product, this allows investors to see that the product is in demand; these are concepts for good success.

Launching out,

Isiah Baldwin