Before you start reading any arguments about why you should have a super professional Business Plan for your new venture, you might as well first take a look at those lean statistics.
Only 400 out of 40.000 new ventures are funded by Venture Capitalists (VCs).
Only about 4.000 ideas reach the pre-business plan stage.
Only 400 entrepreneurs have available some kind of business plan.
Only 40 out of them receive some funding by business angels or any other sources.

Statistics also tell us that there is more money looking for good projects than vice versa. Why then is it so difficult to raise money?

It is all about investing on a qualified Business Plan.
This is a methodical first step that leads to the anticipated Fundings.

Your Business Plan is your "road map" of your enterprise and shows you where you want to go. It is to become your checking list to follow up, the same way an orderly routined pilot does, before taking off his plane.
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The benefits that Win Loss Research routinely delivers include:

Operations were seen as a series of puzzles with single best solutions. The realization that optimization of parts did not optimize the whole led to new focus - operational management went up a level from looking at individual tasks to looking at whole processes. During the 1960s, Japanese manufactures obtained competitive advantage by optimizing operational efficiency, which meant lower prices, flexible production capabilities and a reduction in lead times. Operational considerations became a key theme in strategic discussions.

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The early, primitive attempts at maximizing cash management can be traced back to the late 1970s. Unbelievably, there are still some companies who haven't yet understood that putting cash trapped in the balance sheet to better use can give them a competitive edge over their rivals.

A most recent report shows a further reduction of working capital in companies in the US and Europe compared with the previous year, of between 3 per cent and 5 per cent. This demonstrates the continuing increase in the importance of working capital management to help companies achieve their strategic objectives.

Autologica presents a series of articles titled "Common Problems in Family-owned Businesses" based on an interview between J.C. Aimetta, an expert and coach who specializes in family-owned companies, and Al McClymont, CEO of Autologica Dealer Management Systems (www.autologica.net).

J.C. Aimetta is 46 years old and has dedicated the past 15 to helping owners and directors of over 65 family-owned small and medium-sized businesses manage growth, professionalize their management and prevent problems with succession. He has been a negotiator in f ... Read more »

Earlier training used to be held in the stiff office board rooms within four enclosed walls and even though it seemed like a great idea, it usually turned into groupism, with members divided into small groups instead of a team and was not all that management wanted. Other plans like team sports and office picnics also fell by the way, because not every member was interested.

Outbound Training (OBT) is a new concept where it was neither a picnic nor a team exercise held within the four walls of the office. It was a combination of both and was a new venture .It focused more on team achievement and team centered goals, Individual achievements did n ... Read more »

It seems that some of the good old procurement and business bureaucrats have managed to keep this function alive and kicking while spending hard-earned company money trying to save it.

In fact some bureaucrats have gone much further and persuaded their boards to develop a sophisticated procurement system solution which they claim will save a huge amount of money.

They have even managed to convince their companies that after they build this great system, they will save even more money, perhaps up to 50 per cent, if they also use an e-procurement tool that will interact automatically with all concerned.

I am not saying that creating an IT sys ... Read more »

SGT Method

Sgt. Common Sense wants YOU ... to Stop your Greedy Tactics! With your own personal gain in mind for business decisions you'll get nowhere but a deceiving sense of success. Here's a small example for you to consider ...

A business owner starts an online website hosting company. He spends $1000 USD/month in advertising to the general public through Google AdWords. His first month he gains 200 paid clients at $24.95 USD/month revenue. With these new clients, he's gaining $4990 a month in revenue, $3990 in pure profit! Amazing!

He continues with his business plan, but decides to upgrade a few of his services. His advisor tells him that ... Read more »