Business Plan Week

Business Plan Week

In the E-myth I learned that company design matters in a company. Circles are more appealing than triangles and crescents are the best to include in a logo. I also learned that the goal should be to get our business to become consistent in quality and service. That is why McDonald’s is so successful.

This week I learned about business plans. I learned that business plans share your vision and mission statement. They show objectives, strategy, and the step by step plans. Most business plans will include a cover page, table of contents, and an executive summary at the beginning.

Action Hero Paul Robshaw

Paul learned at a young age that it takes a lot of work to achieve success. He helped his dad with his real estate business starting at the age of thirteen. As an adult Paul began AIC ventures. During a difficult time in his life, Paul went through both bankruptcy and divorce. He learned that core values such as honesty, integrity, and faith in God were far more important than money and others. Paul learned to write about his thoughts and create a life plan that he would adjust from time to time. He is a big believer in having dreams without boundaries. Too often we limit our ideas by putting boundaries such as lack of money and lack of resources on them, but if we think about our dream and assume we have the things that are lacking, it opens up our creativity to think big and be inspired to go out and do.

The Lean Startup

Some entrepreneur myths are that a start-up is “a shrunken down big company.” This is not true. Startups are designed to start something new under conditions of uncertainty. The goal is to create something that will outlive us. Most startups have really bad ideas, but the successful startups test their ideas against reality. Eric Ries tells us that within each bad idea is a small good idea that can grow. Instead of giving up on our big ideas when they go wrong, we can adjust them as the business grows, also known as changing direction as needed.

E-myth

In the E-myth I learned that company design matters in a company. Circles are more appealing than triangles and crescents are the best to include in a logo. I also learned that the goal should be to get our business to become consistent in quality and service. That is why McDonald’s is so successful.

$100 challenge progress

I created my business plan for the $100 challenge and the Big Idea. The $100 challenge is called “The Perfect Cookie” and the Big Idea is called “Shape Style & Design.” I like both ideas. The next step for The Perfect Cookie is to order the boxes and create the sample cookie to photograph.