Consequently, the entrepreneur is frequently fount on the fringes of the corporate activity and may be inclined to grasp an innovation, perhaps a personal one, and design a venture to build and expand. If your vision is to see your enterprise become a significant force in its industry, not just provide you with a source of income, you are likely to have been touched with the entrepreneur’s brush. Given that the flair is there, but you are constrained in corporate environment, consider the ten commandments of Read the rest of this entry »

With a little consideration, you will probably find yourself in one of the above categories; otherwise you wouldn’t be exploring the preparation of a business plan. It will be recognized that each characterizations is very general and may well overlap into other descriptions depending on individual profiles. Nonetheless, it is convenient to try to separate some of the interests and responsibilities, related to business planning.
Regardless of the projected scope of the venture, a business plan is an Read the rest of this entry »

Defining terms is profession unto itself, any lexicographer will agree. But, to specify the roles, or activities, dealt with by the personalities discussed in this chapter is a virtually impossible task, even for academics. Any attempt to outline a category for the energetic business person is particularly difficult; nevertheless, some opinion consensus arrives at:
Innovator-one who introduces something new: a novel device, custom, style, etc; an inventor makes something for the first time. Read the rest of this entry »
After devoting 35 years to the Public service in a cool climate city, there was considerable appeal in the idea of relocating to a semi resort coastal area and having one own shop to keep active. One retiree decided that a news-agency could be singly operated and was offered a business in a pleasant area. The owners had run the business for two years as husband and wife team, decided that some holidays were in order and set a price that would obtain some capital gains. They had a built a reliable clientele through cordial service and adhering to their trading hours. The business was unlikely to grow to the Read the rest of this entry »