Today, I’m
going to talk about Business Plans and two important experts on the field. Some people don’t realize the importance
of having a business plan when starting a business, and how that would help
develop a better business concept. I really think that a business plan should
be the first step, because it helps you get organize for what is to come. The
two experts on business plans that I’m discussing in todays post will be Angelo
Meneguzzi and Carl Schramm.
Angelo Meneguzzi has more than a decade of being an
expert in business plans. He has helped
develop many start-ups and their business plans. He has not limited himself to
development of new businesses, but also he is a consultant for other
businesses. (articles.bplans.com) Mr. Meneguzzi says that a business plan is
very important for reasons such as; forecasting, analyzing problematic
situations and an overall heads ups to changes. (articles.bplans.com) He also
thinks that to develop a good business plan one should have a solid team. Also
he highlights the importance of doing research and how this is fundamental to
any business plan.
The next expert I’m discussing is Carl Schramm. Schramm
is an important American economist that started his carrier as an entrepreneur
in John Hopkins. Since then he has focused in researching entrepreneurship, innovation and
economic growth. Also he contributes to the Wall Street Journal and has a
column in Forbes. (Carl Schramm.com) The main reason why I chose this expert is
because he has different views on business plans. He thinks you shouldn’t stick
to your business plan, because they simply go out to date quickly. I really
think he is right just because business is changing constantly and one needs to
keep updating and researching things. The market changes and with that your
numbers do too.
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