Business Planning

Blog

Three Google Tools to Check Before Starting a Business
A very good article of how to quickly target your market and message:I don’t take time for a SWOT analysis and fifty page marketing plans. I don’t hire marketing MBA’s who learned about advertising and tested focus groups in college. Why do that when there are tools that can tell you...
 
 
The Anatomy of a Successful Startup
This short video is an overview of one of my successful ventures with a discussion of the overall timeline, how the company was launched, the results to date, and a few lessons learned. ...
 
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The Secret to Coming Up with the Big Idea
This short video explains the best way to come up with a breakthrough idea for a new business or new offering for an existing business:...
 
 
Megatrend Watch: From Complex to Simple
There is a movement afoot, but it is not new.  It's actually been happening for quite a while, but it is picking up momentum given the current state of the economy and it can be summed up as follows: there is a movement towards "simple" or "good enough", call it the "flight to simplicity" if...
 
 

Q&A

Computer Repair Business
What do you think about the Computer Repair/IT Field? I think it is a good place to start, but I would try to figure out a way to move from onsite hourly repair engagements or consulting engagements to recurring remote services engagements.  For example, you could get burned out doing a...
 
 
Tips on How to Build an Internet Business
Have a few quick questions for you.  Since you've had experience with dot-com businesses, in your opinion:Are dot-com businesses (like for instance NetFlix) still viable business ideas?From idea conception to sustainable profit, for dot-com businesses, what amount of capital and time is...
 
 
How Do I Get Started On a Business Without Any Savings?
I feel the Lord leading me away from my 9-5 job to something more home-based. However, I'm currently living "paycheck to paycheck". I don't want to borrow any money to get started as I'm working on getting debt free and any extra money is going to this. Should I just wait it out, take on a second...
 
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How to Launch a New Branch Office
I have a PC service business that I have operated in a small community for ten years, and two of my children are now old enough to work with me.   I have a process oriented, TQM background, and I've developed effective methods for handling large volumes of repair with high...
 
 
Out-of-Work IT Director Looking for Ideas
I am an out-of-work IT director that cannot seem to land another job and I'm planning ahead for the worst while looking for ways to avoid that eventuality, however likely it may be.  I'm in my fifties and I know from experience that finding more work anywhere near my own field will probably...
 
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Idea Generation and Industry Analysis
My family has some investment capital and there are several initiatives that the Lord is placing on our heart  so we are going to pray, read Scripture and think through ideas, information, articles, etc. that are relevant to this topic.  I have listened to your messages you gave at the...
 
 
Testing Out a Business Concept in Company Counseling Services
I have been considering starting a business that would provide pastoral care for businesses that want to have this service available to their employees.  It would involve providing a chaplain to have small group Bible studies at the business site, biblical counseling, and or seminars on...
 
 
Planning a Business with Non-Christian Classmates
I am a full-time college student in the process of planning and starting up a company with two college classmates of mine that are not believers.  Any advice on whether or not that is a good idea? ...
 
 
Industry Research
What tips do you have on how to research a target industry?...
 
 
Business Plan Format
What is the most effective media to share your business plan through? ...
 
 
Idea Generation
What is the best way to generate business ideas? ...
 
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Eliminating Bad Ideas
How do I eliminate bad business ideas without spending excess time on them? ...
 
 
Initial Focus
When developing a business plan what should be the initial focus?...
 
 
Retail Business Plan
Do you have a business plan template you could recommend for a retail business? ...
 
 
Determining the Size of the Market
What is the best way to conduct market research into the size of my target market? ...
 
 
Business Plan Template
Do you have any recommendations on a template that I might follow when creating a business plan? ...
 
 
Growth Rates for Services Companies
I am planning on launching a services company, but not sure what I can realistically plan on for annual growth.  What advice would you give me for planning purposes?...
 
 
Discovering A Customer's Unmet Needs
I liked your answer on how to generate ideas for a new venture, but I would like to understand better how to discover a customer's unmet needs.  Can you please elaborate on that? ...
 
 

Links

Economic Data
 
Economic Census
 
Business Data and Statistics
 
U.S. Population and Household Data
 

Quotes

Steven Blank on Failure
...fail over and over, quickly, until you find a working business. This is what entrepreneurs need to do to reduce the [business] mortality rate. - Steven Blank, Stanford University lecturer and serial entrepreneur...
 
 
The End of the Landline?
20% of U.S. households have given up their landlines in favor of cell phones. Wireless-only households increased by 17% from the first six months of 2008 to the second half of the year — the largest jump since the National Center for Health Statistics started collecting data in 2003. For the...
 
 
Americans Keep Cutting Entertainment Budgets
74% of American adults expect to spend less on entertainment and eating in restaurants in the next six months, an increase over November when 65% planned to decrease spending on eating out and 64% expected to reduce entertainment spending. Only 21% say they expect to have more money for...
 
 
Paul Meyer on Achieving Goals
If you are not making the progress that you would like to make and are capable of making, it is simply because your goals are not clearly defined. - Paul Meyer, motivational speaker and author...
 
 
Proverbs 15:14
The heart of him that hath understanding seeketh knowledge: but the mouth of fools feedeth on foolishness. (KJV) ...
 
 
Proverbs 21:5
The thoughts of the diligent tend only to plenteousness; but of every one that is hasty only to want. (KJV)...
 
 
Guy Kawasaki on Start-Ups and Business Planning
[Do not] fire up Word to write a business plan, launch PowerPoint to craft a pitch, or boot Excel to build a financial projection.  Wrong, wrong, wrong!...What you should do is (a) rein in your…tendency to craft a document and (b) implement. This means building a prototype, writing...
 
 
Proverbs 16:3
Commit thy works unto the LORD, and thy thoughts shall be established. (KJV)...
 
 
Proverbs 24:27
Prepare thy work without, and make it fit for thyself in the field; and afterwards build thine house. (KJV)...
 
 
Bill Gates on Business Trends
This is a fantastic time to be entering the business world, because business is going to change more in the next 10 years than it has in the last 50. We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don't let...
 
 
Zig Ziglar on Business Planning
If you don't have daily objectives, you qualify as a dreamer.If you wait until all the lights are "green" before you leave home, you'll never get started on your trip to the top. Unless you have a definite, precise, clearly set goals, you are not going to realize the maximum potential that lies...
 
 
Eric Allison on Planning
World trade means competition from anywhere; advancing technology encourages cross-industry competition. Consequently, strategic planning must consider who our future competitors will be, not only who is here today. - Eric Allison, American financial writer...
 
 
Alan Lakein on Goal Setting and Planning
You cannot do a goal. Long-term planning and goal-setting must therefore be complemented by short-term planning. This kind of planning requires specifying activities. You can do an activity. Activities are steps along the way to a goal. Let's say you desire security. Putting $10.00 in the bank or...
 
 
Mark Caine on Planning
Meticulous planning will enable everything a man does to appear spontaneous. - Mark Caine, American businessman...
 
 
Graeme Edwards on Planning
It's not the plan that is important, it's the planning. - Graeme Edwards, New Zealand businessman...
 
 
Hillel Einhorn on Planning
In complex situations, we may rely too heavily on planning and forecasting and underestimate the importance of random factors in the environment. That reliance can also lead to delusions of control. - Hillel Einhorn, American academic...
 
 
Dwight D. Eisenhower on Planning
In preparing for battle I have always found that plans are useless, but planning is indispensable. - Dwight D. Eisenhower, America's 34th President...
 
 
Sir John Harvey on Planning
Planning is an unnatural process; it is much more fun to do something. The nicest thing about not planning is that failure comes as a complete surprise, rather than being preceded by a period of worry and depression. - Sir John Harvey, British actor...
 
 
Winston Churchill on Planning
Let our advance worrying become advance thinking and planning. - Winston Churchill, British statesman and Prime Minister...
 
 


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Additional resources offered by New Venture Lab:

Family Works: Inspiring Profiles of Family Business - Volume One

Family Works: Inspirting Profiles of Family Business - Volume Two

Venture Academy Online - subscription-based HD video of our Christian entrepreneurship training course

 

Startup Financial Model Website

The Startup Financial Model a detailed, multi-sheet, completely integrated, easy-to-configure Excel-based business plan model for those who are planning or running a startup or small business and want an excellent financial model to enhance their business plan and capital-raising efforts. This companion site of ours includes step-by-step video instructions and customers choose what price they pay.