But rather counterintuitively, the people to whom we are closest are often less likely to open new doors for us than those we barely know. This can't be accomplished by doing or micromanaging work. VCs, however, are less likely to provide equity capital to a seed-money-stage entrepreneur than they are to provide debt financing. (If you're not presently working for one of those good companies, you have plenty of choices to choose from.) So update your resume and keep improving your work ethic.
You can?t control your readers? responses
The
vast majority of
small-business owners we know provide products or services quite similar to what's already in the marketplace and make reasonable but not extraordinary sums of money ' and, thanks largely to the independence that small-business ownership offers, are perfectly happy doing so! Make
sure that your
accidental opportunity is in a niche that you like. As
a part of
checking her plan against results, she noticed this unexpected increase in transactions and figured out what it meant. There
are no set-up
fees, no fixed fees, no minimum volumes and no minimum contract.
Successful people do what unsuccessful people are not willing to do
What
are all those
projections and forecasts for if they are not attempts to predict the future? Her
offerings consist entirely
of the management analysis and advice she and her staff can provide. Relationships
and interconnectedness evolve
positively or negatively over time. To
minimize miscommunications, end
every conversation or meeting with a summary of conclusions, including the participants responsibilities and next steps.
Documentation Checklist for Research and Development
It
should ease the
task of anybody whose job it is to read it, and it should make that task enjoyable by presenting an interesting and compelling account of your company. Active
venture capitalists see
hundreds of plans in the course of a year. To
build a successful
business, you've got to give customers a reason to hire (or buy from) your company. It
is worth while
inquiring briefly how the share of labor in the distribution of the social income is determined.
Identify needs that even customers are hardly yet aware of
The
Rolex reputation is
the reason. Invite
inspection. Variations
on the triangle
include Quality-Price-Service (a given product sold at a lower price will likely be accompanied by poorer customer service) and Quality-Time-Control (to get a high quality project completed quickly, one will have to yield control of most of the decision making to the person doing the work). If
you put too
much detail into your plan, you run the risk of overburdening anybody who reads it with irrelevant, obscuring detail.
How often do you use the product or service?
Tell
people pleasantly that
you are a new bidder for their patronage. Luckily,
one of the
most valuable uses of a business plan is to help you decide whether the venture you have your heart set on is really likely to fulfill your dreams. Subscribe
to magazines for
them. In
this plan, unlike
the supplier-targeted one, you may want to play down relationships with other big customers, especially if they are foes of the one you re wooing.