A Brief on Business Plans
What a business plan is
A business plan can be used for many things, but it is always one thing: A plan.
For whatever purpose it is used, it is a plan on how things are to be done, or how business is to be operated. It can be as simple as laying out the order in which you want to publish books, or as detailed as the exact percentage breakdown of profit for all involved, listing their duties in the company, ect.
However you plan on doing things, and what you plan on doing, should be list in your business plan. Your business plan can be an invaluable tool for yourself, and show to other people.
Types of business plans
Many people know what a business plan is, but they don’t realize there are different types of business plan. I don’t mean general business plans that can be adapted to different businesses. I mean two distinctly different types of business plans. What I call the In House Business Plan and the Investor Business Plan.
In House Business Plan – this is your company business plan. It should breakdown everything about the company, from a mission statement, to who is part of the company, what you plan on doing, how you plan on doing it, etc. Everything about the company should be in this plan. But, it should also be flexible enough to be modified and updated when need be.
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This business plan should be your Holy Grail. The guideline for everything you will do as a comic book publisher. Everyone involved in your company should read it and understand it.
Think of it as a version of the Employee Handbook an employer has you read when you start a new job. Only your In House Business Plan actually means something.
Investor Business Plan – are you planning on finding seed money? Looking for an investor to put up money for the books? Maybe even money from family members?
If the answer is yes, then you need an Investor Business Plan. What is the difference between the In House Business Plan and the Investor Business Plan? A little and a lot.
In House Business Plan is geared to the people already involved with the idea of make things run smoothly. The Investor Business Plan has a completely different purpose.
With the Investor Business Plan you want to convince someone NOT involved to give you money. This takes a completely different approach. This plan cannot be a guideline. It must be a blueprint to the entire company, its operation, what it is going to produce, how, why and what kind of money it is projected to make.
With this type of business plan you must do three things: A) convince the investor you know what you are doing; B) show that you can make a profit; C) prove to the investor this is something they can’t afford NOT to be involved in.
Why you need one?
Because it is smart to have a plan. Every good business has a business plan. You want to succeed in business, you need a plan.
The point of any business plan (In House Business Plan or Investor Business Plan) is the success of the business. If you have a solid business plan, then that usually means you have done your research, planned and are ready for this journey. And make no mistake this is the beginning of an epic journey.
The business plan is a needed tool; it should be the light IN the tunnel leading your way.
A Brief Guide to Executive Leadership Coaching
by Amelia Strawson, Farscape Development
... labor expenses as volume of work increases. SAMPLE PLAN Xpress Laundry Service Business Plan 1. Executive Summary Xpress Laundry Service is a laundry service ... -student wash-dry-fold business and dry cleaning business from all customers. Utilize web in particular. • Develop a business plan for the establishment of ...
Thinking about executive leadership coaching? Here are some thoughts to begin with.
When you’re looking for executive leadership coaching finding the right approach for your organisation can be difficult. It’s easy to become overwhelmed simply because there is so much choice on the market, with a huge number of different companies offering different executive leadership coaching programmes. Added to this is the factor that you probably don’t have the time to trawl the internet looking for leadership coaching. With this in mind, here’s a brief guide of things to be aware of when you’re searching for the right executive leadership coaching programme for you.
A good place to begin is by deciding what your executive leadership coaching needs are. You might have in mind particular employees in need of development, or you mind want to develop them in order to place them in leadership roles. Whatever your needs, they will be unique to you as an individual and likewise your executive leadership training should be too. Therefore look for a leadership coach who can offer you a service which takes your individuality into account and takes a flexible approach to executive leadership training.
Companies who focus on your individual executive coaching requirements will also, in all likelihood, consider what the outcome of the leadership training needs to be. They can then build an executive leadership training programme which is targeted towards those needs. The reason for doing this is obvious; if you have an outcome in mind at the start you are more likely to stay focused and achieve your goals; improving workplace performance and turning your business into more of a success. In this way, the executive leadership coaches ensure that your training works for you, rather than being a one-off experience.
Making your executive leadership coaching outcome focused ensures that the investment you put into the training makes a return. For example, you could have leaders with a lot of potential to build your company’s performance, but this potential needs to be unlocked through training. Furthermore, how much of your valuable time is spent doing things that you could delegate, if only your employees had the training? Executive leadership training might seem like something that the budget can’t stretch to, but when you think about the advantages in the long-term to build profit and reduce down-time, you will realise how much of a worthwhile investment executive leadership coaching is.
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We know now that leaders are made, rather than born, so any of your executives could have the potential to be a good leader. The best idea is to look for executive leadership training which enables you to acquire the skills necessary for strong leadership, such as the ability to inspire and motivate others to deliver results. Different workplace scenarios call for different styles of leadership and because of this, good leaders should know how to adapt their leadership style. Successful executive leadership training can help people to identify the different leadership styles that exist that exist and when to use them.
There are a lot of options to choose from in terms of method in executive leadership coaching and it’s up to you to decide how you want your leaders to undergo their training. You can take a more personal approach and undergo coaching on a one to one basis, or enable your executives to bond with one another through training as a group. Often your leadership coach will offer ongoing support to reinforce your learning and this can take the form of face to face seminar sessions or telephone support. Training can be classroom based if you find this more suitable or you can take an experiential approach.
experiential learning incorporates physical experience in its approach to coaching, with the belief that experiencing something and then reflecting upon it and discussing it makes learning more memorable and therefore more useable on return to the workplace. It offers an opportunity to get out of the office as executive leadership training in this way can take place outdoors as well as indoors and offers executives the opportunity to experiment with different leadership techniques in different environments.
Those who undergo executive leadership coaching which takes an experiential approach often report that they appreciate the time spent without workplace interruptions such as mobile phones and emails to really focus on their leadership training and reflect on their workplace behaviours.
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One company who often choose to take an experiential approach to deliver first-class executive leadership training believe that this can be the best way to imbed newly learnt skills into your behaviour. Farscape Development takes several approaches to their leadership coaching depending on their clients needs; however, they also offer Overseas Learning Experiences to executives interested in experiential learning in an exciting and challenging environment. Locations include Kenya , Costa Rica and India , among others, all of which present diverse and dynamic locations in which to explore leadership skills.
One of Farscape previous clients, who took part in executive leadership training on an experience such as this, commented:
Of course there were times when I found the journey challenging. However I would still say that almost anyone could benefit from a Farscape Overseas Learning Experience . The Experience pushes you at times both physically and mentally, but I’ve seen people who I would never have thought would be able to cope overcome some difficult challenges with Farscape’s help. I would recommend a journey like this to anyone who wants to develop themselves either personally or professionally. Think about what you what you want to achieve from going in order to make the most of it, and then go for it!’