Time is Money

Source: http://www.robertbcairns.com/wp-content/uploads/2013/02/time-is-money.png

Time is money and investors usually only have the latter. As a starting business owner, you have the time, so use it to focus on a business plan that is worthy of investors’ time. If you do, you may just get the money you need to launch your business.

In a previous post discussing business plans, I focused on two experts in this particular field of business. While they shared in some commonalities, they had different outlooks on the need, or lack of, of a business plan. In the process of creating my own personal business plan, I used I used advice given by both of these experts.

Business Plan or No Business Plan? That is the Question. Dr. Steve Gedeon vs. Chuck Blakeman

In discussing business plans with “experts” that have been successful in the creation of businesses, I wanted to highlight two contrasting opinions that could serve a young entrepreneur well for future planning.

The Experts

Source: www.siferyerson.com

First, let’s introduce Dr. Steve Gedeon. Here’s the rundown of why he is considered an “expert” in the field of business planning:

·      1^st place prizewinner of the 3E Learning Award for his workshop Investment Negotiation

·      Professor in Entrepreneurship and Strategy at Ted Rogers School of Management

·      Expert in business plans – both writer and reviewer

·      Motivational Speaker and Coach

·      Venture Capitalist

·      MS and PhD from Massachusetts Institute of Technology

I could have continued with his list, but for the sake of time, you can just visit his accomplishments at his educator’s page. 

Source: si0,twimg.com

The second expert we will observe is Chuck Blakeman. Here’s a brief overview of why he was chosen:

·      Internationally acclaimed business speaker

·      Featured in Entrepreneur Magazine, CNNMoney.com, NYTimes.com, and various other business blogs and online magazines

·      Founded and owns the Crankset Group, which works with businesses owners

·      Started and built seven successful businesses in 25 years in U.S. and internationally