Thursday, February 28, 2013

A Lesson Learned





I talked about two experts in the field of writing business plans, Tim Berry and Ellen Rohr, in a previous blog. I spoke on individual lessons I learned from researching each one. When it came to Mr. Berry he taught me that I constantly have to keep building on my business plan. When the day comes that my business plan is finished then that means that my company is done forever. I learned that I must continue to figure out what works for my business and apply it to my business plan to better my company and benefit everyone involved. I can never stop trying to better my business and incorporate ways to make it even more successful. As I continue researching and coming up with ideas to include in my plan that lesson always stays in my head. It made me realize that I have a lot of work to do and just when I think I am done I realize I have more work to do. I would like to thank Mr. Berry for giving me that insight because once I felt like I was done with my plan that would have been it for me. I would not have thought to continue building upon my business plan.
Ellen Rohr gave me a lesson that not only I can use in business but life as well. She talked about letting go of what you cannot control. That is so true. If something is not working within my business plan and I have no way of making it work then I just have to let it go. I have to come up with another way to make it work or scrap that whole idea altogether and start fresh. If I do not do that then stress and frustration becomes an issue and those feelings are not going to help me become productive and come up with solutions to what is not working. Both of these lessons taught me something but did not necessarily make me change anything about my business plan. These lessons gave me insight as to how to handle writing my business plan and to continue building upon it once I get my business up and running. I thank them for these lessons and will take them with me throughout my lifetime.

Sunday, February 10, 2013

Tim Berry & Ellen Rohr: Business Plan Experts






Tim Berry and Ellen Rohr are two of the best when it comes to business plan development. Tim is all about business planning. He is an entrepreneur heading up his own business called Palo Alto Software. He built his company from the ground up with no outside investments. Now, that is a major feat if I have ever seen one. He has written several books and also teaches starting a business and business planning.
Ellen Rohr went from a plumber’s wife to a business builder. She thought she knew all there was to know about running a business because she had received her degree in Business Administration but in all honesty she did not even know how to balance a checkbook. She almost ruined the family business because of it. She bounced back and gathered people around her that could really be beneficial in her learning how to handle a business the right way. She started Bare Bones Biz, a venture capital and consulting company in 1995 and the rest is history.
One of the lessons that stuck out for me from Ellen was  “Let Go of What You Can’t Control”. There is no need to get down and out and upset over something that is out of your control. You have to find a way to pick yourself back up, go back to the drawing board and hopefully come out better on the other side. There is absolutely no time to waste if you plan on getting your business off the ground. Keep moving forward is key because there is always somebody everyday that is out there looking to take your idea or has your idea and wants to do it better than you do.
            A lesson that resonated with me from Tim Berry was the fact that if your business plan is finished that means that your company is finished as well. Your business plan should be constantly changing and evolving to keep up with the current trends so it won’t get lost with all the new technology and the new ways of handling business. If that happens then you might as well hang up your CEO hat and find another career. This was a very smart lesson to learn from Tim and it can actually go a very long way if you take heed to the lesson!

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