Below is an exerpt from my book “Billionaire in Training.” This is a sample of the teachings that I gave at Prairie Meadows on Wednesday, October 24.
So often I meet people who think they’re in business for themselves, and yet by my definition, they’re not. Let me explain. read more
Information: At this first stage being information the entrepreneur needs education in his choice area or interest. “Education” is a broad term that can have many meanings, but it is generally defined as the process of learning and acquiring information.
Entrepreneurship is a system of being self-employ with no breakdown as being condition with the problem, situation or challenges of unemployment in a given system. An entrepreneur is an agent of change.
Most times we hear a lot of Nigerians complain about their inability to secure a loan from reputable business and financial institutions, investment firms and sometime private individuals. No organization will want to through its whole financial strength into what its not sure will generate for her tangible profits. The fact is that every body can dream but the ability to translate your dream to a practical reality using a paper temp-let is what we hence call a Business Proposal.
In some other cases we have even had to counsel people who thinks the reason why no body want to invest in them is simply meta-physical (We are not denying that there are meta-physic) but mean while, they have not put there business house in other
Before we prevaricate even more further lets ask the most imperative question of the day and it goes thus, WHAT IS A BUSINESS PLAN? This question is very important because a wise man once said that “when the purpose of a thing is not known abuse is inevitable”
What is a business plan?
A business plan is a written description of your business’s future, a document that tells what you plan to do and how you plan to do it. In other words, it is a road map to your business excellence.If you jot down a paragraph on the back of an envelope describing your business strategy, you’ve written a plan, or at least the germ of a plan.
Now that you understand why you need a business plan and you’ve spent some time doing your homework gathering the information you need to create one, it’s time to roll up your sleeves and get everything down on paper. The following pages will describe in detail the seven essential sections of a business plan: what you should include, what you shouldn’t include, how to work the numbers and additional resources you can turn to for help. With that in mind, jump right in.
Within the overall outline of the business plan, the executive summary will follow the title page. The summary should tell the reader what you want. This is very important. All too often, what the business owner desires is buried on page eight. Clearly state what you’re asking for in the summary.
The business description usually begins with a short description of the industry. When describing the industry, discuss the present outlook as well as future possibilities. You should also provide information on all the various markets within the industry, including any new products or developments that will benefit or adversely affect your business.
Market strategies are the result of a meticulous market analysis. A market analysis forces the entrepreneur to become familiar with all aspects of the market so that the target market can be defined and the company can be positioned in order to garner its share of sales.
LETS CONTINUE AGAIN NEXT WEEK FOR MORE SAMPLE OF A PRACTICAL SALEABLE BUSINESS PROPOSAL
For more research,inquiries and how to go about the practical steps and how to write with ease quickly kindly call us today on 08089195182,08112620023. Or inbox us and we will get back to you.