Always great to watch Dragons Den and get business pointers and messages. There are always a few ‘golden nuggets’ that can be applied to startups and growing businesses.
From last night program….
‘A Business Idea without a Plan is just a Pipe Dream’.
This message is repeated so many times, but still businesses start and grow and stop progressing… But then it is essential to qualify this statement, to have any benefit for a business.
‘A Plan without targets or goals , and actions, is just wishful thinking’.
Many business people will declare to the world, “ We have a Business Plan’, but in reality, it is just a collection of ideas and ambitions, and may be years old.
And for 95% of all business, of whatever size and state of development, when creating a Business Plan, it is beneficial to seek advice from experienced business people who have been down development roads, and have been successful!. Too many coaches and trainers spout the theory of Business Planning, but do not have the experience to recognise that every business person, in every business situation, is different, and requires advice and planning specific to their situation.
A Business Plan may be used to create a roadmap for a business’s startup or growth , or, to support an application for funding or investment.
Published by Startup Assist UK and the Croydon Business Hub.