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Sunday, December 18, 2011

When Making A Business Plan...

There are many things that are important to take into consideration when sitting down and creating or refining a business plan for any future endeavor. Often I find myself worrying too much about formatting and numbers than they way it comes off to the person looking at it.

I understand there is defiantly a lot that goes into making sure a business plan has all the information and numbers or cost a potential investor would be interested know prior to buying into the idea.  However, I feel as if a lot can be said for creating a document or presentation that gets them excited before they see any projections on the company's potential revenue. This is especially important for someone like myself who isn't necessarily creating this too pulling any sort of funding but rather to be considered for a partnership with a preexisting publicity firm.

Running an operation like the one I have outlined and wish to pursue further, there is virtually no over head, start up, or any other costs associated. Because of this the company can be active while not making that much money while it grows and becomes something that could support myself. With that being the case, I am more likely to show a publicity firm what I plan to do and how I plan to work in hopes of being associated with them and their existing relationships in exchange for a percentage of my earnings. With this in mind it is easier to stop worrying so much about exact numbers or projections and focus on something I hadn't even thought about prior to this class, presentation.

I hope to take what I have put together this month and expand on my current business plan to create something that showcases the feeling and direction of the actual company. A document that will interest people to take a look and read over, rather than the plain word document I currently have.