Business Plan Ideas
“You have to start somewhere, right?” That quote is basic fact of life and a common phrase we are all familiar with. The essential ingredient is to have a plan, no matter the endeavor you choose. The building block of any creation must be solidly laid in order to maintain a clear vision and purpose.
Whatever it may be that we are trying to obtain, attain, or maintain, we need a map to guide the way. Whether it is building a house, teaching someone, running a nation, patenting an invention, starting a business, or just simply following a ‘plan of action’ you need a solid structure and foundation to launch from.
When it comes to business plans, the necessity of sound, procedural guidelines becomes of critical importance; it can end up spelling the life or death of a business. For example, the consequences of a corporation going under can have a far-reaching impact, as in the infamous Enron scandal of 2001(1). We know the potential of improper practices implies and how they directly affect the lives of others and the first basic rule about starting a business. Do it right.
That means following the HIGHER concept of what businesses should be doing – serving the best interest of the public.
Although Enron ‘technically’ had a business plan, it was purely criminal and many good folks lost their life savings. The majority of businesses, of course, have ethical intentions but will find it even more necessary in today’s age to provide transparency to their investors because of the rotten apples. A detailed plan, one which adheres to strict guidelines and a code of ethics, will do well to thrive and build a good reputation with the people it serves. Particularly for those operating in fields where lives may be affected, as extra precautions must be considered. With reflection on the many destroyed retirements, we can clearly understand the most important part of a business plan is how you will earn & maintain trust.
To be continued …
(1.) The Enron scandal
http://en.wikipedia.org/wiki/Enron_scandal