As I am reaching the end of my studies for my Master’s
Degree, the current class is about business plan and how to prepare them. While
working on my business plan I decided to do some research on the experts of
developing business plans. I was interested in their perspective of plans and
how they should be developed.
The first expert that I came across to was Carl Schramm. He
is a PhD Economist and was the President and CEO at Ewing Marion Kauffmann
Foundation. His definition of an Entrepreneur is an outsider that asks hard
question and presses leaders on the “why” around status quo. The one thing that
I do like about Mr. Schramm is that he has a very conventional view about
business plans. He believes that they go out of date really quickly and that
numbers in forecasts almost never match.
In my opinion investors really don’t care for the gibberish
about the market or the sweet and dandy stuff that we tend to put in the plans.
They see every business plan as their for of income. All they really care about
is the numbers and how realistic you are with the numbers.
The last expert that I researched was Chuck Blakeman. He is
a serial entrepreneur and a business success mentor. As well as Mr. Schramm he
caught my attention based on the fact that he does not believe in Business
Plans period. He think thinks that business plans are to forecast the future.
It is his opinion that developing is a waste of valuable time, as the future
cannot be foreseen. It is time that should be invested in the actual business
and getting it off the ground.
After doing my research I have learned the real significance
of business plans and the affect that it has in the industry.
