Business Planning Guide And Mistakes That Need To Avoid Homework Essay Sample

Planning GuideEvery business starts with an idea. No matter what that idea is, a well thought out business plan is what helps turn that idea into a reality. The Big Idea is designed to guide you through the steps of developing and fine-tuning your business plan. It is a common misconception that business plans are written for the sole purpose of obtaining financing. The most important reason for writing a business plan should be that it is an important tool for you.

A good business plan will: * Draw a clear picture of your business objectives and give you goals to shoot for * Give you a better understanding of the industry and business you are getting into * Show the potential strengths and weaknesses of your business * Give prospective investors the means to determine whether your company is a suitable investment * Give you a chronology of events and financial milestones against which you can compare your actual resultsThe Big Idea is made up of these parts: 1. The Planning Guide that outlines how to write your own business plan. 2.

Examples that let you see how a well structured business plan looks upon completion. On each sample business plan, there is a link at the bottom of the page that allows you to print the full plan using Adobe Acrobat. If you don’t already have Adobe Acrobat, you can download it there too. Three sample business plans include: | Michael’s Business Centre. Michael owns a retail company and has written his business plan to clearly map out his company goals. | | | Kamiko Fine Foods, a food wholesaler requesting an operating loan of $60,000. | | | Christine & Denis Landscapes Ltd. requesting a term loan of $125,000. Look for these company logos throughout The Planning Guide when you see them, click to see how their business plans were prepared. How to use the Big Idea:Get started now by clicking on the first of the seven key sections of a typical business plan below. 1. Introduction 2. The Team 3. Business Environment 4. Marketing Plan 5. Operations 6. Finance 7. Risks & ConclusionsEach section has an overview and a number of subsections, which include suggestions and a list of questions for you to consider. The questions are designed to start you thinking and to help develop your plan.

Once you’ve thought about, researched and recorded your answers, you will be able to compile and fine-tune them to create your business plan. The length of your business plan will vary according to the size and complexity of your business. Start now and work through the Big Idea one step at a time while you are on-line| | Business Plans: Top 10 Mistakes To Avoid BPlan Experts | April 6, 2012 9:30 am * * * * 39 inShare Business Planning is one of the key pre-operative steps on which an entrepreneur must invest their time and energy. Business plans are the foundation block to any business, irrespective of the size and industry.

Most entrepreneurs do not carry a formal training or functional knowhow on how to draft business plans, the idea is to avoid certain deadly mistakes that can occur during the business planning process. Mistake #1: Lack of clarity Most business plans end up generating limited values because they fail to portray an entrepreneurs’ vision effectively to its audiences. What seems like an easy task to explain verbally or in a live interactive presentation becomes extremely difficult to put it on a document for the audience to absorb your idea in an offline mode.

Business plans are not just a project document it acts as a communication channel between you and your stake holders. It has to be descriptive as well as to the point, a combination which is difficult to attain. Mistake #2: Lack of coherency in the structure Another common mistake that business plans generally tend to have is that the sections in the structure do not sync in together to reflect the same message. This happens if the business planner is not equipped to handle all sections, or not enough time is given to the business planning process. There is a well-defined global methodology used for business planning.

It is a structured process just like software development or pharmaceutical product development. Mistake #3: Generic cookie cutter business plan The internet is infested with business planning software and templates. AVOID them. Each business plan is unique. It must bring out the uniqueness in your plan. It is very easy to pick up a template and get a business plan done; unfortunately these plans do not make any sense. While there are certain sections which is needed in the business plan, keeping the structure the same for each section needs to be customized for your business.

We at BPlanExperts. com have come across several business plans that have been drafted in a generic template way. Our clients have come to us to get such plans redrafted as they have been rejected or failed to attract the right levels of attention. Generic templates simply do not “ cut it”. Mistake #4: “One size fits all” thinking Every business plan that you write is for a specific audience. The plans must be customized to ensure you spread out the right message. Frequent revisiting of business plans is important to ensure your plan is updated as you move forward.

Business plans are not only used for funding, they are also used to attract collaborators, partners and prospective employees. You cannot have the same plan to be given out to everyone. Mistake #5: Lack of research to back your business case You have an idea. Great!!! Do you have enough environmental evidence to back the potential of that idea? Well if you do not substantiate your idea, it will be difficult to convince others about your idea. It is important to get the research done. The research is a preliminary overview of the market and the industry.

There is limited value in a very detailed niche market research. A fair enough understanding of the research for your business plan not only substantiates the venture but also shows that you have done your homework. Mistake #6: No or Generic Strategy The business plans without a well laid out path to implementation is just a collection of ideas. It is not a plan. Having a generic strategy does not bring in the confidence that you have thought it out clearly. Everyone I know has an idea but only a handful have the implementation angle mapped out.

If you have a great idea, try and envision the implementation process. If you can’t nothing stops you from getting professional consulting help from people like bplanexperts. com. We have helped several clients who came to us just with an idea. We consulted them, added on to their idea, got their plan done and also helped them to implement the business. You must have a strategy in place. Mistake #7: Unrealistic financial projection Most entrepreneurs think that they will be profitable in a matter of days. Unfortunately, reality is far from this generic notion.

Your numbers must have a rationale; your revenues must be substantiated by your strategy and market trends. In the initial phase you must have an in-depth understanding of your available funds, budget and expectations. An unrealistic expectation causes entrepreneurs to give up on the idea either due to lack of proper budgeting or get discouraged by the situation. In your plan it is not a contest to get your numbers as high as possible, rather having a conservative outlook has often turned positive in the long run. Mistake #8: Not getting professional help

Planning is important, probably the most important phase before you run your operations. If you have figured out the complete business and have the complete knowhow of your project you may get the business plan done up yourself. But being human we all suffer from entrepreneur’s myopia and are biased towards our venture. It is always helpful to have a pair of external eyes to take an overarching look at the plan. In the event that you do not have the adequate knowledge or confidence to approach the business plan, seek professional help.

If you avoid investing at the planning stage, you venture may not be stable. Planning builds the foundation to your venture. Business Plan consulting firms like BPlanExperts. com offer affordable and high quality business planning services for entrepreneurs and small businesses. Irrespective of you skill set you must seek professional help to assist you. Do not outsource your work, rather collaborate with business plan consultant. This will enhance your own learning as well. Mistake #9: Copy paste from sample plans

The last thing you should do is to copy some one else’s business plan or use a sample. You must ensure that you have the right understanding of your business. If your business plan can be copied from some other plan, where is the uniqueness of the idea? If you do not understand certain section it is better to seek professional help rather than trying to play the system by copying from some other source. Planning is not just documenting, it also portrays your understanding and vision to convert your idea into reality. Mistake #10: Unable to capture audiences interest

Business plans are made a dime a dozen but only a few grab the audience’s attention. Obviously the most important aspect is the idea in itself, but the ability of the business plan to effectively transfer the message can dictate the fate of your business. An excellent idea with a bad business plan will not get the attention it deserves. Good business plans are structured to ensure strong audience engagement. On behalf of the BPlanExperts. com team we wish you all the best. You can reach us atinfo@bplanexperts. com for any kind of entrepreneurial, business planning and funding queries.

Patrick Henry And Malcolm X Freedom Fighters Analysis

“Liberty or death! ” This phrase was used by both Patrick Henry and Malcolm X in their speeches. Even though these men gave their speeches almost two centuries apart their goal was the same. They both wanted to convince their audience to fight for freedom. Through the use of rhetorical strategies, Patrick Henry was successful in convincing the colonies to fight for their freedom from Britain and Malcolm X was successful in convincing African Americans to fight for their rights. To begin with, Patrick Henry was one of the first opponents of British rule in the colonies.

He was famous for giving speeches on American Democracy. Patrick Henry’s wit, eloquence, and rhetorical gifts made him a great orator. He eventually became an influential leader during and after the American Revolution (Henry). Patrick Henry’s “Speech to the Virginia Convention” was given before the American Revolution. By the time that Henry gave his speech, many colonists already wanted to break away from Britain. However, other colonists were not too sure about rising up against British rule.

At the beginning of the “Speech to the Virginia Convention,” Patrick Henry uses the either or fallacy when he tells the audience, “I consider it as nothing less than a question of freedom or slavery. He uses this fallacy to convince the audience that they only have two options, freedom or slavery, when there are really more options. It also makes the situation seem very serious (Henry 226). As the speech continues Patrick Henry says, “Suffer not yourselves to be betrayed with a kiss. ” This is a biblical allusion to Judas’ kiss.

Henry uses this allusion to say that Britain may act like it is concerned about the well-being of the colonies, but Britain will betray them eventually (Henry 228). Further into the speech he says, “We have done everything we could to avert the storm. ” He is using a metaphor to compare the revolution with a storm. Henry is saying that the revolution has become unavoidable and no matter how much they try to avoid having a revolution it will happen (Henry 229). Also, throughout the entire speech Patrick Henry uses rhetorical questions.

To prove his point Henry asks, “Have we shown ourselves so unwilling to be reconciled that force must be called in to win back our love? ” As he asks these questions to the audience Patrick Henry answers them himself to make his point clear. At the end of his speech, Patrick Henry uses the either or fallacy again. His last words to the audience are, “Give me liberty or give me death! ” He uses this fallacy to make the situation seem very important by only giving the options of being free or being dead. He saves this line for the end of his speech because he wants the audience to remember those words (Henry 230).

This great speech by Patrick Henry was very successful in convincing the colonists to fight for their freedom. Another great orator was Malcolm X, an important black leader. He was a very influential figure during the Civil Rights Movement in America. Malcolm X supported African American self-defense (Colelge). Unlike Martin Luther King Jr. , another prominent figure at the time, Malcolm X preached that if violence was necessary than it was justified (Brief). Malcolm X gave “The Ballot or the Bullet” speech on April 12, 1964.

The speech was given during the time of the Civil Rights Movement. This was a time of great turmoil and unrest for both blacks and whites in America (Miller). This turmoil that was caused by the inequality that African Americans suffered gave Malcolm X many reasons to give his powerful speech. At the beginning of “The Ballot or the Bullet” speech, Malcolm X uses the either or fallacy. He says, “In my humble way of understanding it, it points toward either the ballot or the bullet. ” He uses the fallacy to convince the audience that there are only options are voting or violence.

He wants the audience to feel that if they do not vote for good representation, there will only be violence (Malcolm X). As Malcolm X continues his speech, he tells the audience, “All of us have suffered here in this country, political oppression at the hands of the white man, economic exploitation at the hands of the white man, and social degradation at the hands of the white man. ” In these lines, Malcolm X uses loaded language and parallel structure. The words “oppression,” “exploitation,” and “degradation” are all strong words to remind the audience of how badly they have been treated.

He also uses parallel structure by repeating the words “at the hands of the white man” throughout the sentence. He repeats those words to emphasize and make it clear to the audience that many white people have treated African Americans horribly (Malcolm X). After, Malcolm X uses an anti-thesis when he says, “I don’t see any American-Dream; I see an American nightmare. ” He uses an anti-thesis to convince the audience that there are no dreams only nightmares. The words “dream” and “nightmare” are opposites used to convince the audience that their lives are nightmares because of the white man (Malcolm X).

As Malcolm X continues, he tells the audience, “Your vote, your dumb vote, your ignorant vote, your wasted vote. ” Malcolm X uses anaphora and parallel structure to emphasize to the audience that they wasted the vote that they had. He repeats the words “your” and “vote. ” He also uses loaded language when he says “dumb,” “ignorant,” and “wasted” to describe how the audience voted (Malcolm X). Then Malcolm X asks the audience, “How can you thank a man for giving you what’s already yours? How then can you thank him for giving you only a part of what’s already yours? Malcolm X asks the audience these two rhetorical questions to prove that the white man has given nothing to African Americans. The audience does not have to answer these questions and neither does Malcolm X because they all know that they have nothing to be thankful for (Malcolm X). After, Malcolm X continues to repeat, “It’ll be ballots or it’ll be bullets. It’ll be liberty or it will be death. ” He uses the either or fallacy again because he wants to make the audience believe that they truly only have 2 choices, voting for the right politicians or resorting to violence to get what they want (Malcolm X).

Malcolm X then tells the audience, “Our mothers and fathers invested sweat and blood. Three hundred and ten years we worked in this country without a dime in return. You let the white man walk around here talking about how rich the country is, but you never stop to think how it got rich so quick. It got rich because you made it rich. ” In these lines, he uses pathos and logos. He appeals to logic by bringing up facts about slavery in America, like how it lasted for three hundred and ten years. He appeals to emotion by reminding the audience how much Africans have suffered because of the white man (Malcolm X).

Towards the end of his speech, Malcolm X says, “And this time they’re not going like they went last year. They’re not going singing “we shall overcome. ” They’re not going with white friends. They’re not going with placards already painted for them. They’re not going with round-trip tickets. They’re going with one way tickets. ” Malcolm X uses anaphora to make it clear to the audience that the march in 1964 will be nothing like the march in 1963. He makes this clear by repeating the words “They’re not,” at the beginning of every sentence (Malcolm X).

At the end of his speech, Malcolm X gives the audience only 5 words, “The ballot or the Bullet. ” He leaves the audience with these words so they remember the two choices that they have. In conclusion, both Patrick Henry and Malcolm X gave exceptional speeches. Patrick Henry’s “Speech to the Virginia Convention,” convinced many colonists to fight for the freedom that they deserved. Almost two centuries later Malcolm X used “The Ballot or the Bullet” speech to convince African Americans to fight for the rights that they deserved. In the end, these two completely different men left us with the same three words, “Liberty or Death. ”

Describe A Significant Experience That Changed The Way You View The World

Leaving my home country, the Philippines, at 13 years old was a mix of excitement and anxiety. Packing my things, I felt a range of emotions as I wondered what awaited me in this diverse place. It felt like beginning anew and embarking on an exciting adventure. Arriving at the airport at night, the rain matched the tearful goodbyes often depicted in movies.

Upon saying farewell to my family, I affectionately embraced each and every member, fully cognizant of the fact that I would deeply long for their presence. Once I arrived in the United States, it felt as though I had been cast into a tumultuous river without any knowledge of swimming techniques. I faced various challenges in attempting to stay afloat, desperately gasping for air and fiercely battling against succumbing to the depths. Nevertheless, over time, I acquired proficiency and wisdom, preventing myself from relinquishing hope. Consequently, my comprehension of life expanded considerably. In the Philippines, my perspective revolved around relishing carefree moments spent with friends.

However, my life took a significant change when I relocated here. The experience fueled my determination to accomplish my goals and chase after my dreams. Moving to this country was crucial for my personal growth and development, shaping me into a more resilient person. At first, I faced multiple challenges and difficulties that required me to adjust to the unfamiliar surroundings, such as attending school, making friends, overcoming shyness, and notably learning a new language. It all started in seventh grade when I started attending school in this foreign land.

Upon entering the classroom filled with diverse students, I experienced a sense of unease. Apprehension arose concerning their potential judgments based on my appearance and speech patterns. Nevertheless, I swiftly adjusted to the academic requirements as my previous education in my home country surpassed that of the United States. Despite finding the schoolwork relatively effortless, I sustained an unwavering drive to acquire knowledge and diligently undertook additional studying, extensive reading, and completion of homework outside of regular class hours.

My education was my main focus, which paid off with honor roll recognition at the end of each quarter. In the past, I had a negative outlook on life and constantly belittled myself, hindering my ability to succeed or have ambitions. Making friends always caused anxiety as I feared being ignored or mistreated. However, this fear proved to be baseless as I had one loyal friend in my country. Due to frequent bullying or isolation from other classmates, I was afraid to form new friendships.

While in America, I had the pleasure of meeting classmates who were not only friendly and compassionate but also made it easy for me to form friendships. What really impressed them was my basketball skills and athleticism, which became a common ground for us to bond over. However, learning a new language proved to be quite challenging, making me cautious about my speech. Whenever I made conversational mistakes, others would tease me about my accent, providing amusement. The memories of struggling to speak confidently in public and present myself are still vivid in my mind. Nervousness always overwhelmed me, causing me to forget what I had prepared to say.

Although I never intended to improve my language skills, I started practicing speaking English at home. Gradually, I became comfortable and proficient in the language. The person I am today is not who I expected to be when I first came here. These experiences have molded me into a better individual. When I think back on my initial relocation, it always reminds me of cherished memories from my childhood and the accomplishments I have achieved. Moving to America not only offered a promising future but also brought amazing friendships and enabled me to become fluent in the language.

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