There’s a lot of advice out there for entrepreneurs and small business owners – “make sure you have a strategic plan”; “write a business plan”; “you need a sales & marketing strategy”; “you have to execute”; “you need a great team”; and on and on. As with most advice there is usually a kernel of […]
Welcome to the final part of how to write your first business summary. After the introduction (Part 1), we covered Market Opportunity/Problem, Our Solution and Business Model in Part 2; Markets & Channels, Competition, and Our Advantages in Part 3; and Risks, Key Metrics & Financial Projections, and Team Bio’s in Part 4. In wrapping […]
Welcome to Part 4 of how to write your first business summary. After the introduction (Part 1), we covered Market Opportunity/Problem, Our Solution and Business Model in Part 2, and Markets & Channels, Competition, and Our Advantages in Part 3. Seven more sections to cover; so today we will look at Risks, Key Metrics & […]
OK, time for part 3 in my description of how to write your first business summary. In the previous post, I discussed creating your initial sections Market Opportunity/Problem, Our Solution and Business Model. Having described the opportunity you are addressing, with what product/service, and how you intend to make money, its now time to discuss […]
In my previous posting (Why You Need a Written Description of Your Business (Part 1)) I told why, in my opinion, you need a written description of your business as early as possible in the dream or kick-off stage of the development of your business. I also introduced the outline of a template that you […]
Are you (or do you know) an entrepreneur that is just beyond the initial idea phase and is now working on fleshing out the concept and attracting the right players (potential partners, suppliers, customers, future employees, investors, etc.)? If you are and were asked to describe your business concept to one of these potential players, […]
My first reaction on being asked this question was: is this person [superemotions file=”icon_eek.gif” title=”EEK”] crazy? Of course you do!! But then, on reflection, I realized that this being the (Ameri-) English language we should probably go over some definitions and clarification of what (I think) you need when.
I’m not talking about the product or service you want to deliver, or how you are going to make the world a better place.
Anybody who is starting or growing a business should watch Michael Drew’s “Pendulum” presentation from TEDx Calgary earlier this year.
In my last post I said that “good Business Execution requires constantly balancing the push and pull between time, available resources and scope of deliverables“; at Collaborative Xceleration we refer to our approach to this as Excellent ExecutionSM, a disciplined but flexible process.