Business plans can attract new investors to your idea, or they can serve as an excellent platform if you're seeking grants. No matter what your eventual goals are, having a solid business plan is absolutely essential.
We're almost there -- October 3rd, when 39 students representing 35 businesses from around the country will contend for top honors and for the chance to win over $25,000 in cash and prizes from Mastercard to help bring their business ideas to life or advance their education.
Students will gather from all corners of the country for the competition and the southeastern region will be represented by student entrepreneurs dealing in everything from web design to fashion to software.
From fighting bullying, to baking fortune cookies, to the world of fashion, these students from the Nation's Capital, Baltimore and Philadelphia are inspiring and I know they will stand out with their innovative business ideas.
Many graduates, burdened by debt, are questioning what they should do next. Some are now thinking about creating their own business. So, the challenge is, how does anyone with an idea and a dream get the training and funding needed?
Going about it the right way and being serious about the result can buy you a critical organization asset: an articulated framework of ideas that rationalizes everything you do and results in greater focus and synergy across your entire enterprise.
As the world moves faster and faster and tools get better, businesses need good planning more than ever. Unfortunately, as the need has grown, so too has the size of the whoppers that experts who should know better tell.