I teach entrepreneurs how to write business plans that get them from 'idea' to 'open' in record time.
I disagree that a business plan is simply "financial projections based on your dream and passion". If that's how you've written your business plan, you have missed the point of the exercise. Yes, it is crucial to explore and fine tune your assumptions - so that you have a business plan you can actually use! It's a dynamic document that necessarily changes and evolves, just like your business, over time.
1 year, 3 months ago on Conversation @ http://www.entrepreneur.com/article/229804
@LiveWellhs Sure - feel free to find me on LinkedIn (Jessica Oman) or follow @writeahead on Twitter and we can go from there!
1 year, 5 months ago on Conversation @ http://www.entrepreneur.com/article/228162
@LiveWellhs @Stephen Key @TheSharkDaymond LiveWellhs, I would first ask how do you know one of the Sharks is the right investor for your business? A key component of a successful pitch is knowing your audience; do you want to approach them because they are well known, or because one of them has a skill set or contact or knowledge that you specifically need in your business?
There are a number of VC firms out there and perhaps one of them will be a great fit for you. But if you don't have time to fill out forms for a TV show, my guess is you don't have time to create a compelling pitch deck either - something that will be essential no matter who you choose to approach for investment. (If you need help, call me - this is what my firm does best)
Best of luck with your newly repurchased business! I'd love to know what industry you're in.
Canada's program is new and according to a recent CBC report, no Start-Up Visas have been issued yet. This may be because of a lack of education about the program, or even knowledge that it exists - but it is a great option for people who still want to be near the US and have access to people there, while developing their companies in Canada. I hope Lifestock considers this as an option!
1 year, 5 months ago on Conversation @ http://www.entrepreneur.com/article/228226
Agree with a lot of what Stephen wrote - but we have to remember that we don't see the whole presentation, and the investors are evaluating many other factors too. Only a few make the air, and they're usually the same questions about patenting and scalability because that's what viewers have learned to understand.
It's also not true that they only invest in huge market potential products. Take Geek Chic - an incredibly niche product that got two offers and a deal with Herjavec.
I read and re-read this post all the time because hot damn, I want to get paid for all the speaking and interviews I do. Best I've achieved so far is about $130 and a Starbucks gift card.
Today I was thinking OMG - how am I going to get a demo reel or some examples? And then I realized I'm an idiot. I have a live web cast recording, a webinar, and several podcasts scattered all over the internet that make up a really great sampling of how I speak. All I have to do is get someone to film me at my next speaking event in September and, barring any incidents, I should have a pretty damn good portfolio.
1 year, 6 months ago on So You Want to Be a Paid Speaker? Six Unforgettable Tips
So happy to see 3 Canadian cities on the list. The new Startup Visa program is providing some great opportunities for people to come to Canada and start new companies.
1 year, 6 months ago on Conversation @ http://www.entrepreneur.com/article/227832
@Ben_Patton Absolutely agree that a business plan isn't for everyone. But you didn't address my comment about having clear objectives. Sure, they don't have to be outlined in a business plan format, but wouldn't you agree that the work spent "out there" is all for naught if it isn't aligned with a few clear goals and objectives?
1 year, 9 months ago on Business Plans Are A Waste Of Time… Let Me Explain
I'd like to challenge this statement: "If you write a business plan you are less likely to adjust to customer/market feedback and alter the course of your business because you will be somewhat “glued” to the ideas of your business plan."
Why is an entrepreneur necessarily glued to the ideas just because they've written a plan? It is possible to write a plan that makes an excellent guideline, keeps you true to your goals, and is easily adjustable. We teach our clients how to do that.
A To Do list is essential but without clear objectives (which you can use a business plan format to outline), it's like throwing darts at a tiny target in the dark.
Ha! I just dealt with a company that messed up, and they said all of the things your article says not to do. So timely and humourous. Thank you!
1 year, 9 months ago on How Not to Apologize
I would say we're not there yet - but getting there. We're working in an extremely price sensitive market where there is lots of undercutting - still, many prosper and there's no reason we can't be among them. I'm working on using more solution language. It really does make it easier to communicate the value of what we do. Thanks for the post!
2 years, 1 month ago on Getting a Premium Price: Communications Secrets of the High Earners
Best. Blog post. Ever. I completely agree - there is a difference between bending the rules for effect, and ignoring the rules completely because you have no clue what they are. I've created a whole business based on this premise.
Never let an editor change your tone - or your voice! Your writing must be authentic and reflect who you are - especially if your brand is YOU. A good editor should know the difference. We certainly do!
2 years, 5 months ago on Didn’t Get the Gig? Maybe It’s ‘Cause Ur Illiterate
Great ideas, all :) I am looking to secure some speaking engagements as part of my company's marketing strategy. Can't wait to share my knowledge with a bigger audience!
2 years, 6 months ago on Speaking: Tips to Land Speaking Engagements
Very interesting to see this posted the same day as this article about customer satisfaction and Facebook: http://www.entrepreneur.com/blog/220041 - a good reminder that even the big players need to think about how their customers feel about them.
3 years, 7 months ago on Is Your Business A Sitting Duck?
Interesting twitter tip at the end. I often wonder if I could RT more links and if people would find that annoying or engaging. I have personally unfollowed at least one Twitterer who posted so frequently that it practically overtook my feed. That's overkill.
I love your comment about the newsletter subscriptions, and hope people take it to heart as it's one of my peeves too. Write Ahead just started a newsletter and I would obviously like to have many more subscribers, but I really want people to opt in. I may only have 9 subscribers now, but I know this will grow to hundreds organically if I play my social media right!
3 years, 7 months ago on Don’t You Dare Do These 5 Things On Social Media
Great tips! Another one is to make sure your laptop is charged if you plan to work while waiting for the plane. At some airports (like Vancouver) it's so hard to find an outlet to plug into!
I remember a couple years ago I forgot to take my little keychain knife off before heading off for a flight to Hawaii...talk about a *headdesk* moment. And it was a keepsake, so I shelled out the $12 for them to mail it home to me. Argh!
3 years, 7 months ago on 13 Travel And Life Lessons Learned While Gallivanting Around The World