Reducing the Risk - Having a Business Plan

BUSINESS PLANS - Those who start their own business are often called risk-takers. While there is some degree of risk attached to being an entrepreneur, having researched the opportunity and completed a through business plan will help to reduce the risk. This allows you to consider the potential impact associated with many of the variables you may face. It will help you to make better decisions when you need to face the changes that occur along the way.

I invite you to re-visit my POST of April 2011 which also addressed the topic of Business Plans, and then add some comments regarding what RISKS seem to be the most daunting for those thinking of starting a business.

Moving from the Dream, to Business Success

In having worked with many entrepreneurs who had a vision for a new product or service, I know that all of them believed that their business ventures would be a success.  But there is more to success than just believing. 

I had opportunity a few days ago to view a special video clip that was done by John Maxwell. For those not familiar with John - John C. Maxwell is an internationally recognized leadership expert, speaker, coach, and author who has sold over 19 million books. His various organizations have trained more than 5 million leaders worldwide. Maxwell has three books that have each sold more than one million copies: The 21 Irrefutable Laws of Leadership, Developing the Leader Within You, and The 21 Indispensable Qualities of a Leader.

I encourage you to view the video clip while it remains available. As John talked about relationships that we are “... either repairing or we are preparing”, I was reminded of that phrase, “Proper preparation prevents poor performance.”  Preparing for success is vitally important if we want to walk the “Path towards Success.” 

The question that I have for you in this post is, What can a person actually do to start moving their business dream forward and head towards that goal of 'business success'? 

View John Maxwell's video clip at:  http://johnmaxwellteam.com/success-path