Why a Business Plan?

What's in the bag? Business of Software 2010

Business plans are not only for
entrepreneurs starting a new
business wanting to obtain
funding. Business plans can
also be very useful for existing
businesses as it can be used as
a management tool to focus
on the organisations vision,
mission and objectives.
At the beginning of a new
year, it may be very useful to
haul out the ‘old’ business
plan to consider whether the
organisation is still on track
and ready for the challenges of
the new year. The business
plan is an effective management tool which can be used
to compare actual results
against targeted performance.
It can therefore be used to
evaluate the organization’s
performance.
A business plan may also be
used for the following purposes:
 Obtain bank financing and/
or investment funds
 Arrange strategic alliances
 Obtain large contracts
 Attract key employees
 Motivate & focus management team
The business plan should consider the business environment including the business
itself, the market environment
and the macro-environment.

source

Apply here for plans.org.za

Drive to create entrepreneurs

Corporate Meetings Summit 2012

Dr Nondumiso Mzizana says the education system in the country is focused on creating employees rather than employers.

“We are groomed from childhood to believe that the only way to success is getting a job on completing that degree,” Mzizana says.

She says with her annual Success Summit, held in October, she gives entrepreneurs a platform to share ideas to ensure that their businesses succeed.

She says the summit is aimed at creating 50 new enterprises a year that are sustainable and which, with guidance, will take a shorter route.

“The Success Summit is aimed at moving entrepreneurs – whether they are start-ups, cooperatives or fully fledged businesses – to greater heights,” she says.

“We show them the way to succeed in a particular industry by carefully selecting experts in that field.

via Drive to create entrepreneurs – Sowetan LIVE.

The entrepreneurs I admire

WHEN trying to make your way in the world as an emerging entrepreneur, don’t think of yourself as the next Bill Gates — or even the next Richard Branson. Be true to yourself and pay attention to your own opinions and values, because one of your greatest advantages is your capacity to see things from a fresh perspective, unhindered by past failures or notions about what is possible. However, that doesn’t mean you can’t look to others for ideas — a number of business people have inspired me over the past few years.

When I want to remind myself about staying true to one’s vision, I look to Mark Zuckerberg, one of the founders of Facebook, who has kept firmly to his principles throughout his company’s rise. I admire the determination, innovation and confidence he showed in setting up and then running the wildly popular social network.

via The entrepreneurs I admire | Management | BDlive.