business plan

Business is Boomin – 10 Ways to Build a Booming Business

by / ⠀Entrepreneurship / May 12, 2022

Introduction There’s stiff competition out there for nearly every business, but you don’t have to wait half a lifetime to succeed with your startup. Done right, you can see major business success in just a few years. Business is boomin. Try these top tactics for quickly building a booming business that’s based on a strong foundation and built to last. Top Tips and Tricks Prize Quality and Value…

How I Pitched Mark Cuban My Business Idea Without Ever Going on ‘Shark Tank’

by / ⠀Blog / August 8, 2016

Back in late 2011, I got the opportunity to pitch Mark Cuban. I was just a student at the time, at Howard University, and cofounder of a company — no longer existent — called My College Hustle, a bartering platform for college students. Hoping to grab a $25,000 prize, my business partner Edward Lyles and I participated in a Shark Tank-style competition, in New York, that actually predated…

So You Have a Business Plan … Now What’s Your BHAG? (Big, Hairy, Audacious Goal)

by / ⠀Entrepreneurship / February 13, 2015

You. Yeah, you. The young entrepreneur with the dream – and the business plan – to jump start your start-up. While the current business climate offers a wealth of opportunities to the young and fearless entrepreneurs who are diving headfirst into the startup pool, it’s not enough to just have a plan. You’ve got to have a goal to work towards: A big, hairy, audacious goal (BHAG, for…

How to Use a Business Plan Template as a Resume Writing Tactic

by / ⠀Career Advice / April 16, 2014

Young professionals, with an entrepreneurial mindset, like us, should take advantage of traditional business management tools as tactics in our career planning strategy. I believe professionals should start implementing a “business management” framework to assess their career goals and define objectives with one clear end in mind: a tailored resume that highlights your top talent potential. How to put together a resume that reads as a business plan?…

Do You Really Need a Business Plan to Start Your Own Business?

by / ⠀Entrepreneurship / March 31, 2014

Some people argue that, before you start your own business, you need to have a solid business plan. You need to have a mission, a strategy and quarterly plus annual objectives. You need to know exactly what you’re going to offer your future customers, how much you’re going to charge them and how you’re going to keep them coming back for more. You need to know what your…

Create a Bulletproof Mission Plan

by / ⠀Entrepreneurship / February 12, 2014

In this exercise, you will work through a mock mission plan related to either your business or personal life — for example, to launch a new product, service, or venue, or to lose weight. Part 1: Select a Target that FITS Use the FITS process (Fit, Importance, Timing, and Simplicity) to analyze your potential targets (which should all be SMART goals, as we’ll discuss under Principle 5) and…

How College Business Plan Competitions Can Help Your Career

by / ⠀Entrepreneurship / December 21, 2013

College business plan competitions are widespread and are held in most areas at least once per year. Most people assume that business plan competitions are helpful only for undergraduate and MBA students who want to become entrepreneurs. To the contrary, business plan competitions benefit anyone who wants to start their career on the right foot. In fact, many competitions are run by private venture incubators and do not…

Why Startups No Longer need a Business Plan

by / ⠀Entrepreneurship / December 20, 2013

The taxonomy of a startup has shifted over the past decade. As entrepreneurs leave behind traditional paradigms of “business” and foster an environment conducive to sustainable and equitable growth. The picture emerging from the exploration of traditional structures, formal and informal, is that the nature of the startups and its interaction with consumers, besides being very complex, is somewhat bleak. Business plans, until recently, have been a foundational…

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