You have leveraged an outstanding business plan to acquire a round of funding. The venture looks really promising and as an entrepreneur, your million dollar business is all set to take shape. What else do you need, as all the hard work is done and the world is your oyster. On one aspect, a lot has been achieved by you and is gratifying, but at an operational level the entrepreneur in you needs to bring in an additional dimension of a business leader to ensure that a fantastic idea gets implemented. Being proactive rather than reactive is essential for driving
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 know how on how to draft business plans, the idea is to avoid certain deadly mistakes that can occur during the business planning process.
Entrepreneurs are some of the most creative and intelligent people that this world has to offer. Intelligence, knowledge, skills, attitude and aptitude are a must to get a successful venture up and rolling. But having these doesn’t necessarily make one a successful entrepreneur. There is a secret ingredient to the overall mix and that is called planning. Over the years I have met several entrepreneurs across the globe, across the age spectrum. Interacting with them I can segregate entrepreneurs into two major subdivisions; the hit and trial maverick and steady planner. It would not be fair to rule out any